The Women Presidents’ Organization (WPO) has announced the 12th annual ranking of the 50 Fastest-Growing Women-Owned/Led Companies™, and Koya Leadership Partners was named a winner. Award recipients were announced during the WPO Annual Conference, held this year in Charlotte, NC. The companies featured span a wide variety of industries, including technology and finance, emerging sectors for women. Aggregate revenues of the 50 companies are $5.9 billion, representing a significant impact towards women-led companies’ contribution towards the global economy.
Koya, a leading executive search and strategic advising firm dedicated to mission-driven searches, has been ranked 44th among this year’s WPO 50 Fastest-Growing Women-Owned/Led Companies list. This is the first year that Newburyport, MA-based Koya has been named to this esteemed list. They were selected for their consistent growth and ongoing successes.
“It’s a tremendous honor to have been recognized as one of the country’s top 50 fastest-growing women-owned and led organizations. We are proud to be included among such a prestigious group of companies helmed by strong, capable, smart women. We employ and empower talented, dynamic, and diverse women here at Koya, and we’re deeply committed to placing brilliant, experienced, passionate, and diverse women (and men) in roles that drive positive social change,” said Koya Founder & CEO Katie Bouton.
“Koya was founded on a single belief—the right person in the right place can change the world,” Bouton continued. “Our ongoing success and consistent growth are truly due to the importance of—and our commitment to—our mission.”
“At Capital One, we are passionate about supporting women business owners and leaders,” said Jenn Flynn, Head of Small Business Bank at Capital One. “The rise in women-owned businesses is an exciting trend to watch. These women are a real force, as reflected in the WPO 50 Fastest winners, and they are inspiring others to achieve great levels of success.”
“I am delighted that this year our rankings show that women entrepreneurs are branching out into every sector of business,” said WPO President and Founder Dr. Marsha Firestone. “We are also very encouraged that companies of all sizes are represented. Some smaller but very successful companies demonstrated significant growth this year.”
All eligible companies were ranked according to a sales growth formula, combining percentage and absolute growth. To qualify for the ranking, businesses are required to be privately held, woman-owned/led companies and have reached annual revenues of at least $500,000 as of 2013 and every subsequent year. Applicants are not required to be WPO members.
Additional facts about the 2019 50 Fastest Growing Women-Owned/Led Businesses:
- Average age of women-owner/leader is 50, younger than the average age of 51 last year
- Aggregate revenue is $5.9 billion
- Average 2018 revenue was $117.1 million
- Average number of employees on first day: 9; projected average for 2019: 492
- Funding sources at company start:
- 78% with their own funds
- 22% with funds from friends and family
- 6% with a bank loan
- 6% with a line of credit
- 4% with a credit card
- 8% with private investors/angels
All 50 companies were honored at a special event at the 2019 WPO Annual Conference in Charlotte, NC. Following the luncheon and awards ceremony, WPO hosted a “Guide to Growth” discussion featuring a selection of 50 Fastest winners sharing advice for entrepreneurs working to increase businesses.
SOURCE: Koya Leadership Partners