The annual list of the 5,000 fastest growing companies in the U.S. has been released by Inc. Magazine, and Greater Cleveland has a strong presence. Topping the list among Cleveland-based companies is Cleveland Kitchen, formerly known as Cleveland Kraut. Fund That Flip and the Connect Group also secured top spots on the list. The rankings are based on revenue growth from 2019 to 2022, with companies needing to meet certain criteria to be eligible.
Cleveland Kitchen’s impressive revenue growth of 621% over the past three years secured its position at 956th on the list. Fund That Flip, a company connecting lenders and real estate investors, experienced a revenue growth of 555%, ranking it at 1,056th. The Connect Group, a marketing agency, closely followed with a revenue growth of 554%, placing it at 1,072nd. While startups and companies attracting venture capital dominate this list, it’s worth noting that the fastest growing company in the U.S., according to Inc., is Nashville-based CareBridge, with a staggering revenue growth of 157,144% over three years.
Cleveland Companies Among the Fastest Growing in the U.S.
Inc. Magazine has released its annual list of the 5,000 fastest growing companies in the United States, and several companies from the Greater Cleveland area have made the cut. The list ranks companies based on their revenue growth from 2019 to 2022. To qualify, a company must have been generating revenue before March 2019, be privately owned, and be based in the U.S.
Leading the way among Cleveland companies is Cleveland Kitchen, formerly known as Cleveland Kraut, which claimed the top spot on the list. Fund That Flip, a Cleveland-based company that connects lenders and real estate investors, came in second, while the Connect Group in Shaker Heights secured the third spot.
Cleveland Kitchen has experienced remarkable growth, with its revenue increasing by an impressive 621% over the past three years. This achievement places the company at 956th on the Inc. 5000 list. Fund That Flip follows closely behind, with a revenue growth of 555%, ranking 1,056th. The Connect Group, a marketing agency, also had significant growth, with its revenue increasing by 554% and securing the 1,072nd spot on the list.
It is worth noting that the Inc. 5000 list is often dominated by startups and young companies that are attracting venture capital funding and growing rapidly as they establish their business models. The fastest growing company in the U.S., according to Inc., is CareBridge, a Nashville-based company that has seen its revenue grow by a staggering 157,144% over the past three years.
In Ohio, the fastest growing company is Liveshopper Sassie, a software company based in Findlay. Liveshopper Sassie has achieved a remarkable revenue growth of 37,386% over three years, earning it the fifth spot on Inc.’s list.
The Greater Cleveland area is well represented on the Inc. 5000 list, with a total of 20 companies making the cut. These include Keyfactor, Stan Miller & Associates powered by Proforma, TeleDevelopment Services, Clearsulting, Refresh, Sprinly, Brookes & Henderson Building Co., Inforce Technologies, Primal Life Organics, Taazaa, CrossCountry Mortgage, Advanced Fryer Solutions, WAN Dynamics, Online Liguidation Auction, Park Place Technologies, Cable Ties Unlimited, and Additive Engineering Solutions.
Overall, the inclusion of multiple companies from the Greater Cleveland area on the Inc. 5000 list highlights the region’s vibrant and thriving business ecosystem. These companies’ impressive revenue growth is a testament to their innovative strategies and dedication to success.
Source: cleveland.com
