SAN DIEGO – Today Inc. magazine ranked Cloudbeds No. 75 on the 2018 Inc. 5000. This exclusive list ranks the USA's fastest-growing private companies. With a three-year sales growth of 4,241.5%, Cloudbeds is the top travel and hospitality company on the list. This achievement puts Cloudbeds in an elite group of past winners including companies such as Microsoft, Timberland, Vizio, Intuit, Chobani, Oracle, and Zappos.com. Earlier this year, Inc. magazine also awarded Cloudbeds with their Best Workplaces accolade for the second year in a row.
Cloudbeds' growth has been fueled by a shared love of travel and a commitment to improving the experience of traveling. Their unique, award-winning culture embraces remote work and encourages employees to travel and experience different cultures. Cloudbeds tripled their headcount over the past year following a simple, winning formula: hire the best people irrespective of geography and give them the opportunity to grow. With employees spanning 31 countries, Cloudbeds has raised over $21M in venture capital, completing a Series B financing round in June 2017 and two acquisitions in June 2014 and October 2017.
"Richard and I are beyond proud of our extraordinary team who has built this suite of tools and provides such a high level of customer support," said Adam Harris, CEO at Cloudbeds. "Our growth speaks to the exciting rise of the independent hotelier empowered by technology. We are fueling a new change of guard by emboldening one of the largest portfolios of properties in the long tail segment. With more than 700,000 beds using our systems, we are truly revolutionizing travel technology."
From luxurious European farmsteads like Barono Vila to vibrant boutique properties like Casa Grandview in West Palm Beach, Cloudbeds' technology powers local hospitality businesses in more than 135 countries, helping them be more productive and profitable. These hospitality professionals use Cloudbeds' software to run their operations and create personal guest experiences every day.
The top 500 companies, including Cloudbeds, will be featured in the September issue of Inc., available on newsstands today, August 15. The complete results of the 2018 Inc. 5000 can be found online at www.inc.com/inc5000.
More about Inc. and the Inc. 5000
MethodologyThe 2018 Inc. 5000 is ranked according to percentage revenue growth when comparing 2014 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2014. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2017. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2014 is $100,000; the minimum for 2017 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. 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
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today's innovative company builders. Inc. took home the National Magazine Award for General Excellence in both 2014 and 2012. The total monthly audience reach for the brand has been growing significantly, from 2,000,000 in 2010 to more than 18,000,000 today. For more information, visit www.inc.com.
The Inc. 5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list has become the hallmark of entrepreneurial success. The Inc. 5000 Conference & Awards Ceremony is an annual event that celebrates the remarkable achievements of these companies. The event also offers informative workshops, celebrated keynote speakers, and evening functions. For more information on Inc. and the Inc. 5000 Conference, visit http://conference.inc.com/.
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Cloudbeds is the platform that powers hospitality, enabling tens of thousands of lodging businesses in more than 150 countries worldwide to grow and thrive. The award-winning Cloudbeds Platform brings together technology solutions to increase revenue, delight guests, and streamline operations into a single unified system, enhanced by a curated marketplace of third-party integrations. Founded in 2012, Cloudbeds was named No. 1 PMS, No. 1 Hotel Management System, and No. 1 Guest Messaging Software by Hotel Tech Report in 2023 and was recognized as a major player in the 2022 IDC Marketscape Report. For more information, visit www.cloudbeds.com.