Honeyfund in the News
Honeyfund Named one of America’s Fastest-Growing Private Companies
With Three-Year Revenue Growth of 288 Percent, Honeyfund Ranks No. 3837 on the 2023 Inc. 5000
August 15, 2023
Inc. revealed today that Honeyfund, the gift registry that makes dream honeymoons happen and powers happily-ever-afters, has ranked No. 3837 on the 2023 Inc. 5000, its annual list of the fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment—its independent, entrepreneurial businesses. Honeyfund has helped more than 1.2 million couples build and fund their dream honeymoon with nearly $1 billion in gifts since its inception in 2006, and has grown its revenue nearly 300 percent just in the last three years.
"Being recognized as one of Inc. 5000's fastest growing private companies is a testament to Honeyfund’s mission: to make honeymoon dreams a reality for all couples,” said Sara Margulis, CEO and co-founder of Honeyfund. “This achievement is also a reflection of our vision for couples – happily ever after – which means never accepting the status quo (traditional wedding gifts like china and KitchenAid mixers), embracing challenges (a national pandemic, for starters) and shaping a future that we envisioned from day one (making honeymoons happen, no matter a couples’ background, income or other limiting factors). As we continue to redefine what's possible in our industry, we are fueled by this honor.”
This years’ Inc. 5000 ranking represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital and intractable hiring challenges. Among this year’s top 500 companies, the average median three-year revenue growth rate ticked up to an astonishing 2,238 percent. If those numbers are not reason enough to keep an eye on this list, this year’s Inc. 5000 companies have added 1,187,266 jobs to the economy over the past three years.
“Running a business has only gotten harder since the end of the pandemic,” says Inc. editor-in-chief Scott Omelianuk. “To make the Inc. 5000—with the fast growth that requires—is truly an accomplishment. Inc. is thrilled to honor the companies that are building our future.”
Honeyfund powers happily ever after at no cost to its users or their wedding guests. Unlike its competitors, whose "no-fee" options mean asking wedding guests to make the awkward move to Venmo, Honeyfund allows friends and family to use a credit/debit card, Apple Pay, or Google Wallet right on their Honeyfund page, at no cost at all to the guest or couple.
For complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, location, and other criteria, go to www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc. magazine, available on newsstands beginning Tuesday, August 23.
More about Inc. and the Inc. 5000
Methodology
Companies on the 2023 Inc. 5000 are ranked according to percentage revenue growth from 2019 to 2022. To qualify, companies must have been founded and generating revenue by March 31, 2019. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2022. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2019 is $100,000; the minimum for 2022 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 four decimal places.
About Inc.
Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.’s award-winning work reaches more than 50 million people across a variety of channels, including events, print, digital, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced every year since 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, gives the founders of top businesses the opportunity to engage with an exclusive community of their peers, and credibility that helps them drive sales and recruit talent. For more information, visit www.inc.com.
For more information on the Inc. 5000 Conference & Gala, slated for October 31 - November 2 in San Antonio, visit http://conference.inc.com/.
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