Of the 5,000 fastest-growing private companies in the US, 64 are located right here in the Nashville area — with one of them holding the title of the most rapidly growing company nationwide.
The 2023 Inc. 5000 list is here, and we’re diving into how a Nashville company made its way to the top, as well as looking at other local companies that made the cut.
A closer look at No. 1
CareBridge claimed the top spot with 157,144% three-year revenue growth. The health care company launched in 2020 with a mission to improve the lives of people receiving long-term care services in their homes.
The company has grown from reaching around 25,000 patients in July 2022 to ~115,000 patients today. CareBridge projects that its employee count will exceed 500 by the end of this year, reflecting a growth of around 175% compared to 2022.
Nashville by the numbers
So, how do businesses make the Inc. 5000? The annual list ranks companies based on three-year revenue growth. Companies on this year’s list had to be privately held, for profit, and independently owned at the end of 2021.
The 64 Nashville-area businesses had a collective 245% median growth, total revenue of $7.4 billion, 11,972 jobs added, and 38 are repeat honorees. Additionally, seven of these companies are newly founded.
Meet the companies
Here are three other growing Nashville businesses on this year’s Inc. 5000.
No. 62: simpliHŌM, Nashville
Industry: Real estate
Growth: 7,299%
What it does: Real estate company leveraging technology to improve client and agent experience
No. 149: Spartan Fitness Holdings, Brentwood
Industry: Health services
Growth: 3,576%
What it does: Multi-brand wellness and fitness platform and the largest franchise owner in the Club Pilates system
No. 197: Marie Nicole Clothing, Gallatin
Industry: Retail
Growth: 2,758%
What it does: Children’s clothing company touting comfortable pieces at affordable prices
Pro tip: To see other Nashville businesses that made the Inc. 5000, click the button below and navigate to the “Metro” tab.
