15 Colorado companies make Inc. 500; Redefy boasts 3,000% growth

Amy DiPierro August 19, 2016 1

Redefy is listing homes in several new markets. (Courtesy of Redefy)

Redefy was named the fastest-growing startup in Colorado, according to the Inc. 500 list. (Courtesy of Redefy)

The fastest-growing startup in Colorado, according to the Inc. Magazine’s recently-released list, grew 3,000 percent over three years – all by charging homeowners a $2,500 fee when they sell their house instead of a commission.

Redefy Real Estate was the highest-ranked of 15 Colorado companies to make this year’s Inc. 500 after its revenue grew from $295,000 in 2012 to $9.6 million in 2015.

The 15 Colorado companies on this year’s Inc. list boasted a total of $339 million in revenue in 2015 and grew, on average, 1,709 percent between 2012 and 2015.

Redefy CEO Jordan Connett.

Redefy CEO Jordan Connett. (Courtesy of Redefy)

Last year, 13 Colorado companies made the Inc. 500, averaging a higher growth rate at 2,734 percent but lower combined revenue of $109 million.

Redefy CEO Jordan Connett said the startup added six offices this year – four corporate-owned and two franchises. That brings Redefy to a total 15 offices in 11 states, with plans for at least three more offices to open by years end, in Atlanta, Kansas City and Nashville.

Connett hopes making the list will give his startup more street cred.

“One of the big things that we see with our model is that people really question if we can do what we really say we’re going to do,” he said. “If you can prove to them with reviews as well as outside verification that this isn’t a one-time deal…you start to gain credibility within the consumer’s mind.”

Connett said that once he looked at its revenue growth for last year, he realized the startup had a good shot of making the list. Like all applicants, Redefy submitted financial reports, completed two surveys and interviewed with Inc.

Connett said Redefy sold 1,300 houses last year and is on pace to sell 2,700 houses in 2016. The company has 425 employees (including agents), with 40 based in Aurora.

Apto, a

Apto, a real estate software company was included in the Inc. 500.

The remaining 14 companies from Colorado on this year’s Inc. list include Apto, a commercial real estate software company in Denver, and WellTok, which makes a health-tracking mobile app and went on an acquisition spree last year.

Colorado was the 14th fastest-growing state – coming in behind North Carolina, according to Inc., with 126 companies landing on the Inc. 5000 list.

Company 3-year growth Revenue Industry City
Redefy Real Estate 3154% $9.6m Real Estate Denver
Aleph Objects 2782% $15m Computer Hardware Fort Collins
Blue Canyong Technologies 2224% $5.4m Engineering Boulder
Apto 2079% $2.2m Software Denver
C3 Group 1838% $3.3m Insurance Denver
MOD Mission Critical 1816% $2.9m IT Services Denver
Opteamix 1809% $7.2m IT Services Denver
Rocky Mountain Barrel Company 1692% $6.1m Food & Beverage Denver
Survwest 1384% $2.7m Engineering Denver
ILendingDIRECT, powered by Fleet Financial 1382% $245.3m Financial Services Denver
Marijuana Business Daily 1288% $7m Media Denver / Providence, R.I.
Welltok 1285% $26.2m Health Denver
DirectDefense 1121% $3.5m Security Denver
Nutrislice 928% $2.6m Food & Beverage Denver
E2 Optics 847% $50.4m Telecommunications Denver

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One Comment »

  1. Nicole Haibach August 19, 2016 at 10:08 am - Reply

    This is great for Denver!

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