NEW YORK, Aug. 15, 2018 /PRNewswire/ -- Today, Inc. magazine ranked Ibotta No. 714 on its 37th annual Inc. 5000 list of the fastest-growing private companies in America. Boasting a 1,981 percent company growth rate over the last three years, Ibotta joins an elite group of the most successful companies within the dynamic small to midsize business sector, that has included Carvana, Zillow and Yelp.
"Earning a spot on the Inc. 5000 list alongside so many other successful companies is a real achievement for our team and cements the hard work that has been put in over the last six years," said Bryan Leach, CEO and founder at Ibotta. "Ibotta strives to provide an unparalleled shopping experience for our users and we've worked hard to grow our business to make that a reality. I'm proud to have our commitment to that achievement recognized on a national scale."
Companies listed on the 2018 Inc. 5000 feature an aggregate revenue of $206.1 billion, generating 664,095 jobs over the past three years. The 2018 Inc. 5000 achieved an astounding three-year average growth of 538.2 percent, and a median rate of 171.8 percent.
"If your company is on the Inc. 5000, it's unparalleled recognition of your years of hard work and sacrifice," says Inc. editor in chief James Ledbetter. "The lines of business may come and go, or come and stay. What doesn't change is the way entrepreneurs create and accelerate the forces that shape our lives."
The annual Inc. 5000 event honoring all the companies on the list will be held from October 17-19, 2018 in San Antonio, Texas. Speakers include some of the greatest entrepreneurs of this and past generations, such as Mailchimp's Ben Chestnut, Panera's Ron Shaich and researcher and #1 New York Times best selling author Brené Brown.
About Ibotta Headquartered in Denver, CO, free mobile shopping app Ibotta ("I bought a...") has delivered more than $375 million in cumulative cash rewards to its users on groceries, clothing, electronics, gifts, home and office supplies, restaurant dining, hotel rooms and more. Partnering with more than 1,300 leading brands and retailers, Ibotta offers cash back on purchases made both online and at brick and mortar stores through mobile-enabled redemptions. Launched in 2012, Ibotta has over 26 million downloads, and is one of the most frequently used shopping apps in the United States. Ibotta was also named one of Inc's Best Workplaces of 2017 and debuted on the Inc. 5000 List in 2018.
More about Inc. and the Inc. 5000
Methodology The 2018 Inc. 5000 is ranked according to percentage revenue growth when comparing 2014 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2014. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2017. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2014 is $100,000; the minimum for 2017 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.'s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.
About Inc. Media: Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today's innovative company builders. Winner of the National Magazine Award for General Excellence in both 2014 and 2012. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 18,000,000 today. For more information, visit www.inc.com.
The Inc. 5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list of the nation's most successful private companies has become the hallmark of entrepreneurial success. The Inc. 5000 Conference & Awards Ceremony is an annual event that celebrates their remarkable achievements. The event also offers informative workshops, celebrated keynote speakers, and evening functions.