A view of the downtown Denver skyline. (Courtesy Guerilla Capturing)
A Broomfield software company was the top Colorado firm on Inc. magazine’s list of the fastest-growing private companies, taking the No. 10 spot.
Alpine IQ said it offers “software revolutionizing customer data compliance within heavily regulated industries and addressing critical challenges in retail,” according to its bio. The magazine said it reported 2023 revenue was up 16,469 percent from to three years earlier.
In a separate news release, Alpine IQ said its 2023 revenue was $26 million, compared to $150,000 in 2020. The company was founded in 2019 by Nicholas Paschal, Shahzil Abid and West Paschal.
“When the pandemic brought brick-and-mortar sales to a standstill, many retailers were left struggling. But we saw an opportunity, Nicholas Paschal, who is CEO, said in a statement. “By partnering with leading point-of-sale systems and retail platforms, we developed a system that not only cleans up dirty data but sets a new industry standard, empowering retailers with accurate customer information.”
Ultimately, 132 Colorado companies made the 2024 version of the annual Inc. 5000 list, which was released this week. About 80 percent of those firms — 104 of them — said they’re based in the Denver metropolitan area, with another nine firms listing Boulder as their home base.
Eighty of the Colorado companies had previously been on the list.
Nabbing Colorado’s second spot, at No. 54, was The Luxe Room, a medical spa offering botox and other services across three locations in Denver, Boulder and Fort Collins. It reported 5,017 percent growth from three years prior.
In order to make it onto the Inc. 500 list, a business must have made at least $100,000 in revenue in 2020 and $2 million in 2023. Businesses must apply, which costs $495, and provide financial statements. Those that make it are ranked by their percentage of revenue growth between 2020 and 2023. The published list once included specific annual revenue figures, but no longer does.
In addition to Alpine IQ and The Luxe Room, here are other Colorado companies that ranked in the top 500:
Maestro Media (167), based in Denver, reported 2,252 percent revenue growth. The company is “a full-service strategic product and business development firm focused on driving innovation and growth in the media and entertainment industries,” according to its bio. It ranked 689 on the 2023 list. Leader: Javon Frazier
Pneuma Media (170), based in Denver, reported 2,241 percent growth. The company is “a website design, development and SEO firm servicing small to medium-sized businesses,” according to its bio. This year is its first on the list. Leader: David Riggs
Simple Homes (193), based in Denver, reported 2,028 percent growth. The company said it works “with general contractors and homebuilders to provide turnkey offsite framing solutions.” It’s on the list for the first time. Leader: Jeffrey Hopfenbeck
Ensemble Performing Arts (195), based in Louisville, reported 2,019 percent growth. The company provides individual and group music lessons to children ages 5-18, according to its bio. It was No. 219 on the list last year. Leader: Jeff Homer
Western Veterinary Partners (208), based in Denver, reported 1,933 percent growth. The company consists of a “rapidly growing portfolio of over 240 general practice veterinary hospitals across the U.S.,” according to its bio. It hasn’t been on the list before. Leader: Carollee Brinkman
Spartan Investment Group (324), based in Golden, reported 1,329 percent growth. The company is a “veteran-owned, values-driven private equity real estate company focusing on commercial real estate investments,” according to its bio. It’s been on the list each year since 2020, peaking at No. 128 in 2022. Leader: Scott Lewis
Blazy Susan (382), based in Denver, reported 1,155 percent growth. The company said it creates “innovative products and smoking accessories, such as rolling papers, pre-rolled cones, and trays.” It ranked No. 97 on the list in 2023. Leader: William Breakell
Pie Insurance (441), based in Denver, reported 1,010 percent growth. The company provides worker’s comp coverage and other commercial insurance to small businesses in most states, according to its bio. It also made the list in 2023 and 2023. Leader: John Swigart
Pax8 (442), based in Greenwood Village, also reported 1,010 percent growth. The company said it is “a cloud marketplace where IT professionals buy, sell and manage best-in-class technology solutions for small- and medium-sized business clients.” The company has been on the list every year since 2018, when it held the No. 68 spot. Leader: John Street
A view of the downtown Denver skyline. (Courtesy Guerilla Capturing)
A Broomfield software company was the top Colorado firm on Inc. magazine’s list of the fastest-growing private companies, taking the No. 10 spot.
Alpine IQ said it offers “software revolutionizing customer data compliance within heavily regulated industries and addressing critical challenges in retail,” according to its bio. The magazine said it reported 2023 revenue was up 16,469 percent from to three years earlier.
In a separate news release, Alpine IQ said its 2023 revenue was $26 million, compared to $150,000 in 2020. The company was founded in 2019 by Nicholas Paschal, Shahzil Abid and West Paschal.
“When the pandemic brought brick-and-mortar sales to a standstill, many retailers were left struggling. But we saw an opportunity, Nicholas Paschal, who is CEO, said in a statement. “By partnering with leading point-of-sale systems and retail platforms, we developed a system that not only cleans up dirty data but sets a new industry standard, empowering retailers with accurate customer information.”
Ultimately, 132 Colorado companies made the 2024 version of the annual Inc. 5000 list, which was released this week. About 80 percent of those firms — 104 of them — said they’re based in the Denver metropolitan area, with another nine firms listing Boulder as their home base.
Eighty of the Colorado companies had previously been on the list.
Nabbing Colorado’s second spot, at No. 54, was The Luxe Room, a medical spa offering botox and other services across three locations in Denver, Boulder and Fort Collins. It reported 5,017 percent growth from three years prior.
In order to make it onto the Inc. 500 list, a business must have made at least $100,000 in revenue in 2020 and $2 million in 2023. Businesses must apply, which costs $495, and provide financial statements. Those that make it are ranked by their percentage of revenue growth between 2020 and 2023. The published list once included specific annual revenue figures, but no longer does.
In addition to Alpine IQ and The Luxe Room, here are other Colorado companies that ranked in the top 500:
Maestro Media (167), based in Denver, reported 2,252 percent revenue growth. The company is “a full-service strategic product and business development firm focused on driving innovation and growth in the media and entertainment industries,” according to its bio. It ranked 689 on the 2023 list. Leader: Javon Frazier
Pneuma Media (170), based in Denver, reported 2,241 percent growth. The company is “a website design, development and SEO firm servicing small to medium-sized businesses,” according to its bio. This year is its first on the list. Leader: David Riggs
Simple Homes (193), based in Denver, reported 2,028 percent growth. The company said it works “with general contractors and homebuilders to provide turnkey offsite framing solutions.” It’s on the list for the first time. Leader: Jeffrey Hopfenbeck
Ensemble Performing Arts (195), based in Louisville, reported 2,019 percent growth. The company provides individual and group music lessons to children ages 5-18, according to its bio. It was No. 219 on the list last year. Leader: Jeff Homer
Western Veterinary Partners (208), based in Denver, reported 1,933 percent growth. The company consists of a “rapidly growing portfolio of over 240 general practice veterinary hospitals across the U.S.,” according to its bio. It hasn’t been on the list before. Leader: Carollee Brinkman
Spartan Investment Group (324), based in Golden, reported 1,329 percent growth. The company is a “veteran-owned, values-driven private equity real estate company focusing on commercial real estate investments,” according to its bio. It’s been on the list each year since 2020, peaking at No. 128 in 2022. Leader: Scott Lewis
Blazy Susan (382), based in Denver, reported 1,155 percent growth. The company said it creates “innovative products and smoking accessories, such as rolling papers, pre-rolled cones, and trays.” It ranked No. 97 on the list in 2023. Leader: William Breakell
Pie Insurance (441), based in Denver, reported 1,010 percent growth. The company provides worker’s comp coverage and other commercial insurance to small businesses in most states, according to its bio. It also made the list in 2023 and 2023. Leader: John Swigart
Pax8 (442), based in Greenwood Village, also reported 1,010 percent growth. The company said it is “a cloud marketplace where IT professionals buy, sell and manage best-in-class technology solutions for small- and medium-sized business clients.” The company has been on the list every year since 2018, when it held the No. 68 spot. Leader: John Street
