Inc. released its latest Inc. 5000 list on Tuesday identifying the fastest growing, privately held businesses. Texas companies were well represented with eight of the top 100 businesses based in the Lone Star State, including several Austin-based tech companies.
The list includes United States-based, privately held companies. These companies are then ranked by their percentage revenue growth between 2017 and 2020.
Overall, 109 Austin-area companies across all industries made the list, including 62 repeat honorees such as Digital Thrive — coming in at number 121 this year. Together, these companies added 8,312 jobs and reported a median three-year revenue growth of 183 percent, according to the magazine. Total revenue in Silicon Hills totaled $3.9 billion.
Read on to learn more about the five Austin tech companies that led the way in this year’s Inc. 5000 list. (Wondering how Austin faired last year? Take a look.)
AdOutreach is an advertising company using YouTube video ads to help clients build a pipeline of leads and sales. According to Inc., AdOutreach’s revenue increased 4,515 percent over the last three years.
A women-led and -founded company, Sips By is a personalized tea subscription box. Each month, subscribers receive four teas, which make more than 16 cups, from various brands based on a quiz members complete when registering. According to Inc., Sips By’s revenue grew 4,754 percent over the last three years.
Literati began in 2017 as a try-before-you buy book club service for children 12 and under. Since launching, the company has expanded to monthly book club subscriptions curated by notable figures such as Stephen Curry, Megan Rapinoe and Malala Yousafzai. Over the past year, Literati was named one of Built In’s 21 Austin companies to watch in 2021 and raised a $40 Series B round in January. According to Inc., Literati’s revenue rose 4,898 percent over the last three years.
OJO Labs uses AI and customer experience to help homeowners, buyers and sellers navigate real estate from finding and buying a property to selling or managing the home as an asset. Last year, the company raised a $62.5 million Series D round and acquired Chicago-based Digs. According to Inc., OJO Labs’ revenue grew 6,767 percent over the last three years.
Empowering a Billion Women (EBW) is a business education network that helps women “activate, accelerate and ascend” in business. EBW connects entrepreneurs with resources, business opportunities and more to scale their business. According to Inc., EBW’s revenue increased 10,676 percent over the last three years.