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Fast growth: See which South Florida startups ranked highest in Inc 5000

Fast growth: See which South Florida startups ranked highest in Inc 5000

 

By Nancy Dahlberg

The South Florida startup ecosystem was well-represented on the prestigious 2020 Inc 5000 list of fastest-growing private companies, with Arteza, ZeroBounce, Ecosystems, TaxFyle and Springbig ranking in the top 100.

Published annually by Inc. Magazine, the Inc. 5000 list ranks privately held U.S.-based companies by their three-year revenue growth rates. To qualify, all companies had to meet minimum revenue thresholds of $100,000 in 2016 and $2 million in 2019.

In all, 10 South Florida based companies made the top 100 of the Inc, 5000 list ,all with 3-year growth rates above 3,400%, some with much more. Across Florida, 17 companies cracked the top 100.

Arteza was the highest ranked South Florida company on the Inc 5000 list, coming in at No. 32, with a whopping 7,551% three-year growth. The North Miami-based startup, founded in 2015, offers affordable arts & crafts supplies via its direct-to-consumer e-commerce model. Arteza, founded by Koshatko and Jurgis Plikaitis, started selling products in mid-2016 and raised its first venture funding — $24 million – last year to support its hockey stick growth.

It was the second year in a row for Boca Raton-based ZeroBounce, but the email startup founded in 2017 and headed by CEO Liviu Tanase had quite a bounce, moving up from 851 in 2019 to No. 40 on the list. “Our singular mission continues to be providing the best email validation and deliverability tools available. As a result, we’ve developed a loyal customer base, for which we are very grateful. Receiving this recognition for the second time is incredibly motivating for our entire team,” said Tanase. 

EcoSystems, an Endeavor Entrepreneur company, has also been a repeat player on the Inc. 5000 list. Founded in 2012 with $5,000 and no outside funding, EcoSystems’ three-year revenue growth of 5,890% places them as the fastest-growing company in the Environmental Services category. It ranked No. 48 overall, up 27 spots from the Number 75 rank it received in 2019.

 “As a service company in the sustainability and construction space, we are scaling at a rate that is extremely rare in our sector,” said Lawrence Lamondin, who is co-Founder and Co-CEO with his brother Richard. “We look forward to continuing to build and grow our team and our offerings, as well as our impact on the environment.”

Taxfyle, an on-demand accounting services platform, ranked No. 74 on this year’s Inc. 5000 list. Taxfyle’s three year revenue growth grew 4,544%.

Taxfyle recently launched RMW Accounting, a subsidiary dedicated to acquiring accounting firms. In recent years, Miami-based Taxfyle has entered into strategic partnerships with Freshbooks and Bench Accounting to bring a tax-filing component to the two leading bookkeeping platforms in North America.

“In our short, five-year history, Taxfyle has worked with some of the most notable firms in the industry to help them change the way their employees work and transform how their businesses  function day to day,” said Taxfyle co-founder and CEO Richard Laviña.

Springbig, the marketing platform for cannabis dispensaries, was in the news this week for its $11.5 million round of Series B funding. The Boca Raton-based startup launched in 2017 and has grown 3,570% in the last three years, ranking 99th on the Inc. list. “Since the inception of springbig, we have grown our user base to over 21M users, fostering partnerships with more than 1,400 cannabis retailers across the U.S. and Canada,” said founder and CEO Jeffrey Harris.

In all, 10 South Florida based companies made the top 100 of the Inc, list ,all with 3 year growth rates above 3,400%, some much more. In the top 500, 31 South Florida companies ranked, including

Here are the South Florida companies that made the top 100, along with their 3 –year growth rate, their category and their HQ:

No. 32:  Arteza, 7,551%, consumer products (art supplies); North Miami

No. 39: Cano Health, 7,161%, healthcare (senior care), Miami

No. 40: ZeroBounce, 7,054%, software (email validation), Boca Raton

No. 44: Cage Point, 6.467%, advertising/marketing, Fort Lauderdale.

No. 48: EcoSystems, 5,890%, Miami, environmental services

No. 66: NCM Group: 4,829%, consumer products (electronics), Miami

No. 70: Nations Benefits, 4677%, healthcare (supplemental benefits, Plantation

No. 74: TaxFyle, 4,544%, financial services (on-demand accounting services), Coconut Grove

No. 99: Springbig: 3,570%, marketing (cannabis), Boca Raton

No. 100: Go Solar Power, 3,472% energy, Boca Raton.

In the top 500, 31 South Florida companies ranked, including Honorlock of Boca Raton (236), Shipmonk of Fort Lauderdale (241) and Boxycharm of Pembroke Pines (364). Across Florida, 57 companies cracked the top 500.

The South Florida list itself is growing at a strong pace. From South Florida, 157 companies were represented on the full list of 5000 for 2020, including Modernizing Medicine for the sixth year running and Wyncode Academy for the first time. And that’s up from 149 companies last year making the list and 125 in 2016.

Find the full 2020 Inc 5000 list here.

Follow @ndahlberg on Twitter and email her at [email protected]

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