Denver Business Journal Names AppIt Ventures as a 2020 Fast 50 Finalist

Denver Business Journal recently announced its 2020 Fast 50/Colorado Inno on Fire Finalists, recognizing AppIt Ventures and many other Denver-local companies. The Fast 50/Colorado Inno on Fire Finalists are companies that have met the below qualifications and have been individually nominated as one of metro-Denver's fastest-growing, privately held companies.

The Fast 50 Finalists were nominated and had to submit three full years of revenue for audit while meeting the following criteria:

  • The company must be privately held, locally owned and for-profit.
  • It must be headquartered in the seven-county Denver-metro region (Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas or Jefferson counties).
  • It must have a three-year sales history (fiscal years 2017, 2018 and 2019) with revenue gains from 2017 to 2019.
  • It must have an average of at least $1 million in sales for the three most recent years, with no year less than $200,000.

DBJ's Fast 50 accounting partner, BDO (formerly ACM), audited all company financial data. Qualifying companies were ranked within size categories to ensure maximum competition:

  • Extra-Small: Companies with $1 million to $3.59 million in annual revenue
  • Small: Companies with $3.6 million to $8.9 million in annual revenue
  • Medium: Companies with $9 million to $15.9 million in annual revenue
  • Large: Companies with $16 million to $74.9 million in annual revenue
  • Extra-Large: Companies with $75 million or greater in annual revenue

Source: Denver Business Journal

Some of the other companies that made the Fast 50 List include:

  • ERP Advisor's Group
  • Juris Digital
  • Levo
  • Limina
  • Live.Laugh.Denver Real Estate Group
  • Point Seven Group
  • Resource Exploration "Resource X"
  • Wishlist
  • Devetry
  • Front Range Biosciences
  • Harrison Homes Systems
  • Land Info Worldwide Mapping
  • National Pavement Partners
  • Peersource
  • ThrivePass
  • Transworld Business Advisors - Rocky Mountain
  • Woodridge Software
  • Würk
  • Altitude Energy
  • American Striping Company
  • Atlas Real Estate

For a full list of companies, see DBJ's 2020 Fast 50.

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