Business & Tech
San Leandro Startup Among Fastest-Growing In America: New Ranking
The company describes itself as providing food and beverage service for businesses in the Bay Area, but has begun expanding to other areas.
![The company cites statistics showing that workers who receive free beverages and snacks are happier at work.](https://patch.com/img/cdn20/shutterstock/21854731/20240814/061630/styles/patch_image/public/shutterstock-310688450___14181442564.jpg)
SAN LEANDRO, CA — San Leandro startup Office Libations — which provides food and drink items to companies in the Bay Area — is ranked among the fastest-growing private companies in America in the 2024 Inc. 5000 list released Tuesday.
Office Libations grew by 283 percent during the three years and ranked 1,851 nationally.
The companies on the list have experienced rapid revenue growth in recent years while navigating inflationary pressures, rising interest costs and hiring challenges from 2020 through 2023. The top 500 companies on the list had an average median three-year revenue growth rate of 1,637 percent. Together, the 5,000 companies on the list have added 874,458 jobs over the past three years.
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To qualify for the ranking, companies must be U.S.-based and must have been generating revenue by March 31, 2020. Although some of the startups may have gone public or been acquired since the review period ended, the list represents companies that were private, for-profit and independent as of Dec. 31, 2023, Inc. said.
The companies must also have had minimum revenues of $100,000 for 2020 and $2 Million for 2023. See the full methodology.
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The complete list, found at this link, includes company profiles and an interactive database sortable by industry, location and other criteria.
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