Founded in 2006, Element Three had 2013 revenue of $3.4 million and a three-year growth of 298%.
Element Three ranks #18 among the Top 20 Indiana Companies and #13 among Indianapolis-area companies, according to the annual list compiled by Inc. magazine.
"It's really exciting to be recognized nationally for the growth we've experienced at Element Three," says Element Three President Tiffany Sauder. "So many of the past winners were not only focused on building a great product, but also focused on creating an incredible culture. We hope to be one of the many that go on to experience continued growth and push to new heights. We're not done yet."
Inc. introduced the Inc. 500 list of the fastest-growing privately held U.S. companies back in 1982. Many well-known brands like 7 Eleven, Pandora and Zappos.com have been members of the list over the years.
The list expanded to the Inc. 500|5000 in 2007 to give magazine readers a broader look at the nation’s entrepreneurial landscape.
This year’s Inc. 5000 ranks companies according to the percentage growth of their annual revenue from 2010 through 2013.
To qualify for this year’s Inc. 5000, a company must:
Have generated revenue by March 31, 2010
Have generated at least $100,000 in revenue in 2010
Have generated at least $2 million in revenue in 2013
Be privately held, for profit, based in the United States, and independent (not a subsidiary or division of another company)