7 Rhode Island Companies On List Of Startups To Watch

RHODE ISLAND — Several startups with roots in Rhode Island are worth keeping an eye on as they respond to some of the nation’s most vexing problems, Inc. magazine said with the release of its 2023 Inc. 5000 list.

The startup companies were ranked by revenue growth from 2019 to 2022. To be considered, they had to have earned at least $100,000 in 2019 and grown that to at least $2 million by the end of 2022. To be considered, the companies must have been up and generating revenue by March 31, 2019.

Companies in Rhode Island included in the ranking are:

• Haverhill, a jewelry retailer based in Warren, grew by 2,290 percent during the three years and ranked 242nd nationally
• KSA Marketing, a marketing and advertising firm based in Warwick, grew by 413 percent during the three years and ranked 1,411th.
• Infused Innovations, an IT services company based in East Greenwich, grew 173 percent during the three years and ranked 2,921st
• Integrated Media Group, an advertising and marketing firm based in North Smithfield, grew 148 percent in the three years and ranked 3.398th
• Nathan Clark & Associates, a retail company based in Smithfield, grew 110 percent during the three years and ranked 4,111th
• GrowthLab Financial Services, a financial services company based in Providence, grew 108 percent during the three years and ranked 4,157th
• Wicked Smart, a real estate company based in Middletown, grew 89 percent during the three years and ranked 4,592nd.

The Inc. 5000 companies had combined revenues of $358.2 billion, added nearly 1.2 million jobs and grew at a median rate of 219 percent. The list featured 638 newly founded companies and 3,047 repeat honorees.