Although Utah doesn’t get as much attention as other parts of the country, the state has been a business hotbed for years. Its startup hub of Salt Lake City–known as “Silicon Slopes“–was second on Inc.’s 2018 Surge City list of the best places to start a business, and is home to outposts of giants like Adobe, eBay, and Qualtrics. Among the Inc. 5000, an annual list of the fastest-growing private businesses, 122 are located in Utah this year. Here are the top 10, ranked by three-year revenue growth.
2019 Inc. 5000 rank No. 405 | Three-year growth 1,133% | 2018 revenue $211.2M
Founded in 2013 by business-partners-turned-married-couple David Wright and Melanie Alder, the marketing company helps brands sell third-party products on e-commerce marketplaces including Amazon, eBay, Walmart, and Alibaba. The Lehi-based company has 11 locations across the U.S., Europe, Asia-Pacific, Dubai, and Australia, and has 118 employees as of 2018.
2019 Inc. 5000 rank No. 392 | Three-year growth 1,169% | 2018 revenue $4.6M
Cosset sells therapeutic baths bombs with essential oils. It launched in 2014 at a Salt Lake City farmers market, and has since grown to six stores in Utah, Nevada, and Idaho, with a total of 70 employees. The company also sells its products through 200 grocery stores across the Western U.S.
8. Dental Intelligence
2019 Inc. 5000 rank No. 382 | Three-year growth 1,204% | 2018 revenue $7.0M
Software company Dental Intelligence uses data to help dental practices improve patient care, team collaboration, and profitability. The Pleasant Grove-based business grew from 14 to 84 employees between 2015 and 2018.
2019 Inc. 5000 rank No. 358 | Three-year growth 1,279% | 2018 revenue $8.0M
SimpleNexus created a software platform to help loan officers and enterprise lenders simplify the mortgage process. Founded in 2014, the Lehi-based company had 100 employees as of 2018.
6. Blue Raven Solar
2019 Inc. 5000 rank No. 259 | Three-year growth 1,673% | 2018 revenue $58.8M
Blue Raven Solar provides solar power products and services, such as panel and control systems, for residential use. Located in American Fork, the company had 250 employees as of 2018.
2019 Inc. 5000 rank No. 199 | Three-year growth 2,030% | 2018 revenue $3.9M
Businesses use Motivosity’s employee recognition and feedback software platform to increase morale and strengthen their company culture. Among the company’s client list are DuPont, Instructure, Western Governors University, and Cotopaxi.
4. Blue Fire Leads
2019 Inc. 5000 rank No. 85 | Three-year growth 3,728% | 2018 revenue $9.0M
Founded in 2014, Blue Fire Leads specializes in generating sales for installers of residential solar panels, pest control specialists, and other home services. The Provo-based company had 13 employees as of 2018.
2019 Inc. 5000 rank No. 81 | Three-year growth 4,088% | 2018 revenue $4.7M
WANDRD designs and sells travel and photography gear. The company launched on Kickstarter in 2015 with a single backpack and raised more than $100,000. Since then WANDRD products have raised over $2 million on the crowdfunding platform and can be found in retail stores across the U.S. The Orem-based company had 12 employees as of 2018.
2019 Inc. 5000 rank No. 53 | Three-year growth 5,417% | 2018 revenue $42.5M
Nearly 40,000 companies use Lehi, Utah-based Podium’s enterprise software to streamline communication with leads, customers, and vendors. The company has raised $90 million in funding to date, and has grown to more than 625 employees from 17 in less than four years. It’s also recently reached “unicorn” status with a valuation over $1 billion. The company was named one of Inc.’s Best Workplaces in 2018 and 2019.
2019 Inc. 5000 rank No. 26 | Three-year growth 7,478% | 2018 revenue $8.9M
Utah’s fastest-growing company of 2019 is Awardco, a software company that creates employee recognition programs for businesses of all sizes with the goal of building worker loyalty and job satisfaction. Founded in 2015, the Orem-based company had 42 employees as of 2018.
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