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"startup company" is a correct and usable phrase in written English
It can be used to refer to a newly established business or enterprise. For example, "The startup company created a new mobile app that quickly gained popularity."
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It was like a startup company.
Shkreli's startup company, Turing Pharmaceuticals, acquired Daraprim in August.
Members of the staff compare it to a startup company.
Does he see himself founding another startup company?
That is the goal of clean technology startup company, Alphabet Energy, based in California.
Europe's next unicorn [a startup company valued at $1bn plus] could stem from the collaborative economy".
"What's that?" asks the vice-president of the startup company Numenta.
Before long he had organized a startup company and was spending more time on conference calls than at the piano.
Startup company Halt!Ebola is using "robocalling" to reach people where information hotlines are not being used.
"The beginner pianist," says Lang Lang, himself one of the starriest of the species, "is like a startup company.
"Pure Gym's growth from a startup company in 2008 to undisputed market leader today is a story of disruption.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com