Cannabis Software Company springbig takes 69th place on Inc. 5000 – New Cannabis Ventures

For the second time, Springbig appears on the Inc. 5,000, ranked 69th with three-year revenue growth of 5,484.94%

Inc. Magazine Reveals Annual List of America’s Fastest Growing Private Companies, Inc. 5000

NEW YORK, Aug. 17, 2021 / PRNewswire / – Inc. magazine today revealed that springbig is # 69 on its annual Inc. 5000 list, the country’s most prestigious ranking of fastest growing private companies. The list represents a unique look at the most successful companies in the most dynamic segment of the American economy: its small independent businesses. Intuit, Zappos, Under Armor, Microsoft, Patagonia and many other well-known names got their first national exposure as Inc laureates. 5000.

Since springbig’s inception, we have grown our user base to over 38 million users, fostering partnerships with over 1,900 cannabis retailers in the United States and Canada.

Jeffrey Harris, Founder and CEO of springbig

With revenue growth of 5,484.94% over three years, we are proud to once again earn our place among the few cannabis companies to make the Inc. 5,000 list this year.

Not only have the 2021 Inc. 5000 companies been very competitive in their markets, but this year’s list has also proven to be particularly resilient and flexible given the unprecedented challenges of 2020. Among the 5,000, the growth rate three-year median jumped to 543% and median earnings hit $ 11.1 million. Together, these companies have created more than 610,000 jobs over the past three years.

The full results of Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region and other criteria, are available at www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc., which hits newsstands August 20.

“The 2021 Inc. 5000 list appears to be one of the most important business lists ever compiled,” says Scott Omelianuk, Editor-in-Chief of Inc. success. Building one in the crisis we have been through is just amazing. That kind of accomplishment comes with hard work, smart pivots, great leadership, and the help of a lot of people.

About springbig

Springbig is the leading provider of loyalty and communication solutions for cannabis dispensaries and retailers. Founded in 2017, springbig offers cutting-edge CRM programs that capture key customer data and integrate seamlessly with existing dispensary point-of-sale systems. The platform is also developing personalized cannabis loyalty software integrated with advanced marketing tools to retain customers and sends targeted and personalized SMS campaigns based on customer interest with an open rate of 99%. Springbig helps cannabis dispensaries and retailers keep their customer base connected and engaged while allowing store owners to track their inevitable success and return on investment in real time.

Learn more about Inc. and Inc. 5000

Methodology

Companies listed on the 2021 Inc. 5000 are ranked based on percentage revenue growth from 2017 to 2020. To be eligible, companies must have been founded and generate revenue by March 31, 2017. They must be based in the United States, private, for-profit, and independent – not subsidiaries or divisions of other companies – as of December 31, 2020. (Since then, some on the list may have gone public or vested.) Minimum income required for 2017 is $ 100,000; the minimum for 2020 is $ 2 million. As always, Inc. reserves the right to refuse applicants for subjective reasons. The growth rates used to determine the ranking of businesses were calculated to three decimal places. There was a tie on the Inc. 5000 of this year. Companies on the Inc. 500 are featured in the September issue of Inc. They represent the upper level 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. gives entrepreneurs the knowledge, tools, connections and community to build great businesses. Its award-winning cross-platform content reaches over 50 million people each month across a variety of channels, including websites, newsletters, social media, podcasts and print. Its prestigious Inc. 5000 list, produced annually since 1982, analyzes company data to recognize the fastest growing private companies in the United States. The global recognition that comes with inclusion in the 5,000 gives founders of the best companies the 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 Vision Conference is part of a highly regarded portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.

For more information on the Inc. 5000 Vision conference, visit http://conference.inc.com/.

Original press release

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