DALLAS--(BUSINESS WIRE)--Cariloop is proud to once again be recognized at No. 1063 on the 2023 Inc. 5000 list, the annual list of the fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment – its independent, entrepreneurial businesses.
“To feel the strong momentum and see the impactful results the company has generated over the past several years has been remarkable and something I am extremely proud of,” said Michael Walsh, CEO of Cariloop. “Our team has done an extraordinary job serving our customers and members with the highest level of care and attention. To be recognized again this year on the Inc. 5000 list is truly an honor, and we are incredibly grateful for all of our stakeholders who have believed in us and continue to support us as we pursue our mission and vision each and every day.”
Building upon its significant growth throughout the pandemic, over the past few years Cariloop has developed a growing number of strategic partnerships with leaders in the health and well-being industry, which help the company extend its reach to employers and ultimately support more working caregivers and their families. In addition, it also expanded last year to provide its platform and services in Canada, elevating its mission to the international stage. These efforts, paired with consistently strong member outcomes, resulted in the company experiencing a three-year revenue growth rate of 558 percent.
The Inc. 5000 class of 2023 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital and seemingly intractable hiring challenges.
“Running a business has only gotten harder since the end of the pandemic,” said Inc. editor-in-chief Scott Omelianuk. “To make the Inc. 5000 – with the fast growth that requires – is truly an accomplishment. Inc. is thrilled to honor the companies that are building our future.”
Cariloop also ranked on the Inc. 5000 Regionals Southwest list this year at No. 43 for a second consecutive year. For more information on Cariloop and how it is balancing its significant growth while remaining mission focused, visit www.cariloop.com.
More About Inc. and the Inc. 5000
Methodology
Companies on the 2023 Inc. 5000 are ranked according to percentage revenue growth from 2019 to 2022. To qualify, companies must have been founded and generating revenue by March 31, 2019. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2022. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2019 is $100,000; the minimum for 2022 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places.
About Inc.
Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.’s award-winning work reaches more than 50 million people across a variety of channels, including events, print, digital, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced every year since 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, gives the founders of top businesses the opportunity to engage with an exclusive community of their peers, and credibility that helps them drive sales and recruit talent. For more information, visit www.inc.com.
