OpenReel Debuts at 540 on 2021 Inc. 5000 list
OpenReel is No. 540 on the annual Inc. 5000, presented by Inc. Magazine. In its 39th year, the list is the definitive ranking of the top 5000 private companies in the nation. Companies are evaluated based on high-growth indicators, including changes in three-year revenue and company size.
OpenReel was propelled to its spot thanks to 887% revenue growth since 2017, plus 31% team growth over the last year. The entire list demonstrates incredible growth with the 5000 companies presenting an average median growth rate of 543% and 610,000 combined new jobs over the past three years.
“It is an honor to be named to Inc.’s prestigious list of the most successful private companies in America,” said Lee Firestone, Co-founder and Chief Executive Officer of OpenReel. “Our mission is to build upon our success in reimagining, redefining, and transforming how video is efficiently, sustainably, and affordably created regardless of location, skillset, or equipment to better serve our extraordinary community of storytellers around the world.”
Thank you to our global community of creative storytellers, who empower their teams to efficiently craft impactful stories through OpenReel’s revolutionary cloud video creation platform. Congratulations, also, to our incredible team, who support OpenReel’s dynamic technology and customer-first approach. OpenReel grew by 31% in the last year, and continues to expand: apply today to join the remote video revolution.
This honor continues an explosive 2021, which began with a $19M Series A funding round in March, led by Five Elms Capital. Over the last year, OpenReel also saw 12x ARR growth in new business; recently released OpenReel Capture 2.0, a major update to its platform; expanded to more than 125 countries; and earned its ISO 27001:2013 security certification.