Attention: These 4 mid-cap shares have tripled in 12 months

Z1P Co Ltd (ASX: Z1P) and Nearmap Ltd (ASX: NEA) are among the big winners.

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As I wrote earlier in the week the best place for capital-growth-hungry investors to look for stocks is the mid-cap sector.

By this I mean companies with valuations anywhere between say $750 million to $5 billion as companies this size are usually strong and profitable, but still small enough to have potential to double or triple in value in just a few years if you're lucky. 

By example let's take a quick look at four companies that have tripled in value in just the past year. 

Pro Medicus Limited (ASX: PME) is a business I've covered quite a lot over the past couple of years due to it ticking the boxes as a strong growth prospect. It provides medical imaging software-as-a-service platforms to some of the US's leading healthcare organisations and there's a fair argument to be made it should keep winning new clients. 

It's also profitable, debt free and founder led, at $25.50 today the valuation is extended, but patient investors should stick it on their watch lists as it has a history of quite large valuation swings. 

Z1P Co Ltd (ASX: Z1P) is a buy-now-pay-later business similar to Afterpay that has been signing up huge amounts of new clients in Australia. ZIP posted revenue of $23 million in the March quarter, which was up 20% on the prior quarter and has 1.2 million customers using its platform. 

Nearmap Ltd (ASX: NEA) is an aerial mapping software-as-a-service business that boasts attractive economics and scalability offering the potential for strong compound growth if it can deliver growing revenues via more sales in the US and Australia. The future is uncertain on this one, with the company potentially delivering a trading update in the next couple of weeks. 

Jumbo Interactive Ltd (ASX: JIN) is the online lottery tickets seller that is benefiting as more Australians buy tickets online rather than over-the-counter at a local newsagents. Buying online is obviously easier and means you cannot lose your ticket, among other benefits such as automatically identifying if you've hit the jackpot. 

Given the stock has climbed from $1.30 to $20.39 in just 5 years anyone who owns Jumbo shares and hits the lottery jackpot can count themselves lucky.

Tom Richardson owns shares of Nearmap Ltd. and Pro Medicus Ltd.

You can find Tom on Twitter @tommyr345

The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Jumbo Interactive Limited and Nearmap Ltd. The Motley Fool Australia's parent company Motley Fool Holdings Inc. recommends Pro Medicus Ltd. The Motley Fool Australia owns shares of and has recommended Pro Medicus Ltd. The Motley Fool Australia has recommended Jumbo Interactive Limited and Nearmap Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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