Four KC area firms land spots in Inc. 500 fastest growing list, dozens in top 5000
August 17, 2017 | Meghan LeVota
Forty Kansas City area firms are featured on the annual Inc. 5000 list, which includes the nation’s fastest growing businesses.
Among them, four local firms were included in the more exclusive Inc. 500 list, with Lever 1 nabbing a No. 44 ranking. In 2016, only one Kansas City company made the 500 list, ranked No. 478.
Founded in 2012, Lever 1 is a professional employer organization, managing human resources, payroll and employee benefits. Lever 1 managed to grow at a rate of 6,560 percent in the past three years, with only 16 employees.
With the majority of its clients being startups and small businesses, perhaps Lever 1’s rapid growth speaks to Kansas City’s growing entrepreneurial community. Startland News and its parent, the Kansas City Startup Foundation, are among those partnered with Lever1.
This is the first year the firm was included on the Inc. 5000 list. It was also ranked as the No. 1 Missouri business and the No. 5 nationwide top business products and services company.
In 2016, the Inc. 5000 list featured 44 area businesses. Although that might seem like a step backward, Kansas City companies have made tremendous strides, landing higher overall rankings.
Kansas city area firms that made the Inc. 500 list:
No. 44 Lever 1 — 6,559 percent growth with $27.6 million in revenue
No. 60 Infusion Express —5,549 percent growth with $7.1 million in revenue
No. 193 Zhou Nutrition — 2,241 percent growth with $11.5 million in revenue
No. 409 Tallgrass Freight Co —1,066 percent growth with $4.7 million in revenue
Kansas city tech firms made a showing this year, with eight firms total in the software, engineering or IT services category.
K12itc, which in 2016 earned a spot on Startland’s top 10 startups to watch list, delivers cloud-based IT services to K-12 school districts and has seen skyrocketing growth since its 2010 founding date. In 2016, the firm ranked No. 869.
Here are all the tech related firms on the Inc. 5000 list:
No. 2164 Chelsoft Solutions Co. — 168 percent growth with $4.5 million in revenue
No. 2377 iTEDIUM —152 percent growth with $6.9 million in revenue
No. 2369 eSolutions — 152 percent growth with $42.4 million in revenue
No. 2437 Pivot International — 147 percent growth with $29.1 million in revenue
No. 3408 DistributorCentral — 92 percent growth with $2.5 million in revenue
No. 3531 K12itc — 87 percent growth with $8.5 million in revenue
No. 3891 Alight Analytics — 74 percent growth with $3.2 million in revenue
No. 4222 Dimensional Innovations — 62 percent growth with $31. 2 million in revenue
No. 4740 Intellifarms — 47 percent with $10.5 million in revenue.
Inc. Magazine bases its growth rankings on three-year revenue growth. The overall list included 45 Kansas-based companies, 91 Missouri-based and 11 businesses from the Kansas City area who have yet to be included in the Inc. 5000.
To learn more about the Kansas-area firms on the list, click here to filter through the companies.
2017 Startups to Watch
stats here
Related Posts on Startland News
‘Economic eviction notice’: Property owners decry tax spike as ‘death sentence for small business’
Critic of tax office says Jackson County is betting most property owners hit with inflated bills are too intimidated to appeal State lawmakers could be Jackson County business owners’ last hope, said Ian Davis, testifying Wednesday in the Missouri state capitol about spiking property tax assessments that have seen entrepreneurs hit with increases of up…
South KC hub heats up with $100M+ cold storage investment; logistics site expected to bring 190 jobs
A strategic collaboration between Americold and CPKC underscores Kansas City’s growing role in advancing cross-border commerce and temperature-controlled logistics, officials said Tuesday, celebrating the grand opening of a 335,000-square-foot Import-Export Hub in South Kansas City. Americold’s new $100 million-plus facility is expected to create nearly 190 new jobs and serve as a hub for Canadian…
Innovation Fest pitch winner touts unexpected treat: growing his animal health startup in Kansas
Emmanuel Bijaoui’s first time in Kansas — for Tuesday’s Innovation Festival and onboarding for the incoming Plug and Play Topeka cohort — has left the Treat Therapeutics founder with a lasting impression of the region’s entrepreneurial ecosystem, he shared. “We always talk about the Animal Health Corridor,” he said after winning the festival’s BioKansas Startup…
‘Troost is not scary’: Kansas City equity walk highlights Black business revival
Editor’s note: This story was originally published by The Beacon, a member of the KC Media Collective, which also includes Startland News, KCUR 89.3, American Public Square, Kansas City PBS/Flatland, and Missouri Business Alert. Click here to read the original story from The Beacon, an online news outlet focused on local, in-depth journalism in the public interest.…