Aug 18, 2022 - News

Colorado's fastest-growing companies, according to the Inc. 5000

Illustration of a giant stack of money in a briefcase
Illustration: Sarah Grillo/Axios

Colorado is home to over a hundred of the country's fastest-growing companies, according to the latest Inc. 5000 lineup.

Driving the news: 146 local companies — mostly in the Denver metro — made this year's prestigious list, which ranks businesses based on revenue growth over a three-year period, from 2018 to 2021.

  • Local firms specializing in advertising, software and consumer products dominated this year's list.

Why it matters: Collectively, these businesses added 14,285 jobs over the past three years and drove $7.3 billion in revenue, according to Inc.

Zoom in: Three Colorado companies landed in the top 100.

  • Harvest Hosts (No. 70): A Vail-based travel and hospitality business offering overnight stays in nearly 6,000 locations, whose growth skyrocketed by 5,697%.
  • Matter Made (No. 81): A marketing firm in Denver that helps budding tech companies boost sales, which grew 5,109% in the past three years.
  • Integrative Psychiatry Institute (No. 98): A Longmont-based medical education company that provides psychedelic-assisted therapy, expanded 4,387%.

What they're saying: Colorado business leaders whose companies earned spots on Inc.'s list tell Axios Denver that their achievements reflect a thriving local economy and entrepreneurial ecosystem.

  • "Our inclusion … signals to fellow and future founders that Denver is a great place to start and grow a successful business within a refreshing, collaborative culture," said John Paasonen, co-founder and CEO of Maxwell, a mortgage solutions company in Denver.
  • "A large part of our success is attributed to the extraordinary tech talent and appetite for innovation found right here in Colorado," said Mark McNasby, who leads Ivy.ai, a software company in Boulder.

Of note: Last year, 165 local companies made Inc.'s list.

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