NEW YORK, Aug. 12, 2020 /PRNewswire/ -- Inc. magazine today revealed that Koia is No. 79 on its annual Inc. 5000 list, the most prestigious ranking of the nation's fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy's most dynamic segment—its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
Named to the list for the second year in a row, Koia has climbed from #187 to #79, and is one of only three food and beverage brands in the top 100. Specifically, Koia is the number two plant-based company and number three food and beverage company on the list. Koia's growth has been a result of strong innovation in the rapidly growing plant-based nutrition category, a commitment to delivering products that align with consumer demand and adaptability to the ever-changing retail landscape.
"We are thrilled to be included on the Inc. 5000 list for the second year in a row, and are proud of the Koia team for all of the hard work that has made this possible," said Chris Hunter, co-founder and CEO of Koia. "We believe in the power and potential of plant-based nutrition and continue to strive to make nutritious and delicious products accessible to everyone."
Not only have the companies on the 2020 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists as well. The 2020 Inc. 5000 achieved an incredible three-year average growth of over 500 percent, and a median rate of 165 percent. The Inc. 5000's aggregate revenue was $209 billion in 2019, accounting for over 1 million jobs over the past three years.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000. The top 500 companies are also being featured in the September issue of Inc., available on newsstands August 12.
"The companies on this year's Inc. 5000 come from nearly every realm of business," says Inc. editor-in-chief Scott Omelianuk. "From health and software to media and hospitality, the 2020 list proves that no matter the sector, incredible growth is based on the foundations of tenacity and opportunism."
The annual Inc. 5000 event honoring the companies on the list will be held virtually from October 23 to 27, 2020. As always, speakers will include some of the greatest innovators and business leaders of our generation.
Koia is a 100 percent plant-based protein drink made of naturally craveable and nutritious simple ingredients, without compromising flavor. Koia offers four lines of beverages to cater to nearly everybody's nutritional needs: Koia Protein, Koia Keto shakes, Elevated Coffees and Koia Thrive. They are distributed nationwide and can be found at retailers including Target, Whole Foods Market, Wegmans and Sprouts to name a few.
More about Inc. and the Inc. 5000
Methodology The 2020 Inc. 5000 is ranked according to percentage revenue growth when comparing 2016 and 2019. To qualify, companies must have been founded and generating revenue by March 31, 2016. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2019. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2016 is $100,000; the minimum for 2019 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
The world's most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.