Inc. Magazine revealed that cultural intelligence leader Collage Group is featured on the latest Inc. 5000 Regionals List. The annual list, now in its fourth year, represents the fastest-growing private companies in America and ranks Collage Group at number 121. The recognition signifies a unique look at the nation’s most flourishing private businesses and is a significant benchmark for entrepreneurial success.
“It is a true honor for Collage Group to be recognized by Inc. as part of this prestigious list of high-growth companies in the region,” said co-founder and CEO of Collage Group, David Wellisch. “Thank you to our staff and leadership who have supported this growth and committed to partnering with more than 250 member brands in their Cultural Fluency journey. Hitting this key milestone is not possible without our talented team or the iconic American brands that rely on our diverse consumer insights and expertise.”
The 2023 Inc. 5000 Regionals Mid-Atlantic List encompasses companies in Washington D.C., Delaware, Maryland, North Carolina, Virgina, and West Virgina.
Collage Group is included on a list of others who have put forth an extraordinary rate of growth across all industries in the Mid-Atlantic region. Between 2019 and 2021, these private companies had an average growth rate of 381% and in 2021 alone, was able to add 14,439 jobs and $2.66 billion to the Mid-Atlantic region’s economy. Companies based in Richmond, Virgina, and the Washington, D.C. areas had the highest growth rates overall.
“This year’s Inc. 5000 Regional winners represent one of the most exceptional and exciting lists of American’s off-the-charts growth companies,” said Scott Omelianuk, editor-in-chief of Inc. Magazine. “They’re disrupters and job creators, and all delivered an outsize impact on the economy.”
Less than a year ago, Collage Group announced that it secured $25 million in growth capital, led by Boston-based growth equity firm Wavecrest Growth Partners. The funding allowed the tech enabled consumer and market intelligence firm to further invest in its technology infrastructure and product innovation as it continues to scale its sales and marketing investments behind an aggressive growth mandate. Over the last three years, the company has significantly increased its staff, including the welcoming of three leadership positions: Chief Financial Officer, Chief Product and Technology Officer, and Chief Revenue Officer.
The 2023 Inc. 5000 Regionals are ranked according to percentage revenue growth when comparing 2019 to 2021. To qualify, companies must have been founded and generating revenue by March 31, 2019. They had to be US-based, privately held, for-profit, and independent – not subsidiaries or divisions of other companies – as of December 31, 2021. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2019 is $100,000; the minimum for 2021 is $1 million. As always, Inc. reserves the right to decline applicants for subjective reasons.