If Inc. Magazine’s latest Inc. 5000 list is any indication, fresh blood is on the way for Chicago's tech scene.
The magazine released the annual list on Thursday, which highlights the fastest growing young companies across the U.S. The magazine’s list only includes private companies that have started generating revenue by the end of March 2015. Those companies are then ranked based on revenue growth generated between 2015 and 2018.
This year, more than 200 companies across an array of industries that made it for Chicago. While Home Chef, last year's third-ranked company, didn't qualify this year after Kroger acquired it, Chicago tech still fared fairly well: ShipBob comes in at number 99.
Below are the city's five fastest growing tech companies.
Founded in 2014, ShipBob provides a logistics platform that helps e-commerce companies ship and deliver their packages to customers. The company raised $34.2 million in 2018 and has grown its revenue by more than 3,000 percent in the last three years.
Arcalea launched in 2015 to provide digital marketing insights through data analytics. Arcalea generated $2.8 million in 2018, and has grown its revenue by more than 2,500 percent in the last three years.
UPshow helps businesses turn their TV screens into a social media platform to generate engagement from customers and boost brand awareness. Since its launch in 2015, the company has grown its revenue by more than 2,00 percent. It accrued $2.6 million in revenue in 2018.
Founded in 2012, RedShelf wants to help students say good bye to the 500-pound text book. The company works with publishers, institutions and bookstores to provide digital learning materials. The company accrued $46.2 million in revenue for 2018, according to Inc., and has grown its revenue by more than 1,700 percent in the last three years.
PatientBond launched in 2011 to provide a platform that helps healthcare providers improve clinical results and boost business. The Elmhurst-based company raised $2.2 million in 2018, and has grown its revenue by more than 1,600 percent.