Tag : compaies to watch

By Nikki Cabus

GrowFL Announces 13th Annual Florida Companies to Watch Honorees

GrowFL has announced the 50 companies selected as the 13th Annual GrowFL Florida Companies to Watch Honorees.

The awards program – now in its thirteenth year – honors impressive second-stage companies from throughout the state for developing valuable products and services, creating quality jobs, enriching communities, and broadening new industries throughout Florida.

The 13th Annual GrowFL Florida Companies to Watch awards celebration is brought to you by Duke Energy and Nperspective CFO & Strategic Services, in association with the Edward Lowe Foundation.

Companies to Watch was developed by the Edward Lowe Foundation as a unique way to recognize and honor second-stage companies that demonstrate high performance in the marketplace with innovative strategies and processes. In addition to evaluating past growth and projected success, applicant companies are judged according to their special strengths and impact in their markets, communities, and within the state – thus deeming them worth watching.

71 finalists were announced earlier this year, and the 50 honorees were selected after a final round of judging by a panel comprised of past honorees, economic development leaders and corporate partners of GrowFL. Companies were judged on a number of criteria including growth in number of employees; impact of the business in the job market; increase in sales and/or unit volume; current and past financial reports; innovativeness of the product or service; response to adversity; and contributions to aid community-oriented projects.

“GrowFL Florida Companies to Watch was designed to celebrate the spirit of entrepreneurship and to shine a spotlight on the deserving second-stage businesses in our state,” said Jennifer Taylor, president, and CEO of GrowFL. “Second-stage companies are the lifeblood of our economy, creating jobs and fueling prosperity. This diverse group, spanning 20 different counties, representing 18 different industries and 32% of them being woman, veteran, or minority owned, proves Florida is a place where entrepreneurs can thrive. We look forward to celebrating their success for years to come.”

Since the first awards celebration in 2011, GrowFL has honored 600 companies from throughout Florida with this prestigious award. With this year’s honorees, GrowFL has now recognized 650 companies throughout the state that are making a positive impact on the economy and the communities in which they live. Many of the past honorees have now grown their companies to stage 3 and stage 4 businesses employing more than 500.

“The companies selected as Honorees are some of the most vibrant and dedicated entrepreneurs in our state,” said Pete Previte, GrowFL Advisory Board Chair. “They are the visionaries and trailblazers of our economy who face challenges head on, lead with innovation and give back to their communities. It is our privilege to recognize them and their achievements.”

To qualify for the award, companies must be headquartered in Florida and have between 6 and 150 employees and revenue between $750,000 and $100 million. From 2019 through 2022, these companies generated close to $2 billion in revenue and added 871 employees, reflecting a 99% increase in revenue and a 62% increase in jobs for the four-year period. That translates into a 27% average annual revenue growth and a 19% average annual growth in employees.

These companies projected continued growth in 2023, with a 28% revenue increase and a 22% growth in employees compared to 2022. If their projections hold, these companies will have generated more than $2.8 billion in revenue and added 1,370 employees over the last five years — a 155% increase in revenue and 97% increase in jobs since 2018.

Companies named to the list will be officially recognized at the 13th Annual GrowFL Florida Companies to Watch Celebration on February 15, 2024, at the Hard Rock Live in Universal CityWalk, Orlando, FL. Tickets are on sale now. For more information or to purchase tickets, visit https://growfl.com/about-growfl-flctw/.

Five of the companies hailed from South Florida and the Treasure Coast. One of those companies was Streann Media.

One of the second-stage company honorees is Streann Media, a content-creation and streaming company, disrupting the content landscape. The company has built the most complete OTT platform in the world with a powerful Content Management System, Content App Editor and 150 tools to distribute, engage and monetize live and on demand content. Streann’s innovations include proprietary integration with Artificial Intelligence and Patent Technologies for Monetization. The Miami-based company has won multiple industry awards, has millions of active users and has been deployed in 141 countries.

Founder and CEO of Streann Media, Gio Punzo, told South Florida Tech Hub, “We are thrilled to be selected for the GrowFL Florida Companies to Watch Awards. This reconfirms the dedication and expertise of our talented team who consistently strive to provide innovative solutions and exceptional service to our clients.”

He continued, “We are delighted to be a part of Florida’s thriving business community and look forward to continuing our growth trajectory. We have grown to 70 million unique viewers in 141 countries around the world thanks to our breakthrough technology made in Florida.”