Norwalk Companies On List Of Startups To Watch

NORWALK, CT — Several startups with roots in Connecticut 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 Norwalk included in the ranking are:

• North Mill Equipment Finance, a financial services company based in Norwalk, grew by 354 percent during the three years and ranked 1,598th nationally.
• LogicSource, a business products and services company based in Norwalk, grew by 103 percent during the three years and ranked 4,274th nationally.

See also: 44 Connecticut Companies On List Of Startups To Watch

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.