Leonardo247 Named to the 2021 Inc. 5000 List of the Fastest-Growing Companies
PropTech software developer ranks in the top 11% of companies with 970% revenue growth over three years
LOS ANGELES–(BUSINESS WIRE)–Award-winning software developer Leonardo247 has been named as one of the fastest growing privately held companies in the United States. The company, which produces cloud-based software for operating and maintaining multifamily properties, leapt to number 551 on the 2021 Inc. 5000, the industry’s most respected ranking of fast-growing private companies in America.
Leonardo247 (Leo247) software streamlines operations for real estate managers by automating daily tasks, workflows, inspections, and procedures for onsite and mobile teams. Since 2017 the company has added 1.5 million homes to its platform and counts half of the nation’s 10 largest multifamily real estate managers as customers. Leo247’s revenue increased 970% over the same period.
“We were doing well going into 2020, but it was COVID-19 that really accelerated the adoption of new property management technology and fueled our growth this past year,” said Daniel Cunningham, Founder and CEO of Leonardo247. “With so many people working remotely and fewer staff available, the ability to take manual and time consuming tasks and turn them into something that could be done with a mobile app, turned Leo247 from a ‘nice-to-have’ accessory into a ‘must-have’ business platform almost overnight,” he said.
While Leo247’s exceptional growth landed it near the 10% in performance, the remainder of the 2021 Inc. 5000 were also very competitive and resilient within their markets given 2020’s unprecedented challenges. Among the 5,000, the average median three-year growth rate soared to 543 percent, and median revenue reached $11.1 million. Together, those companies added more than 610,000 jobs over the past three years.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc., which will be available on newsstands on August 20.
About Leonardo247
Leonardo247 is the award-winning developer of the cloud-based Leonardo247 smart property operations and maintenance platform. streamlines operations for real estate managers by delivering daily tasks, workflows, inspections, and procedures to onsite operations teams. The platform also integrates with the industry’s leading property management and enterprise systems providing management with real-time visibility into physical operations, risk mitigation, and asset performance across the entire organization. For more information, call (877) 995-3662 or visit www.leonardo247.com.
More about Inc. and the Inc. 5000
Methodology
Companies on the 2021 Inc. 5000 are ranked according to percentage revenue growth from 2017 to 2020. To qualify, companies must have been founded and generating revenue by March 31, 2017. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2020. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2017 is $100,000; the minimum for 2020 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to three decimal places. There was one tie on this year’s Inc. 5000. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.
About Inc. Media
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including web sites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Vision Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
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