Madison-based Veda is the fastest-growing private company in Wisconsin

MADISON, Wis. – Veda Data Solutions, a Madison-based health tech company, was named number 176 of America’s fastest-growing private companies on the Inc. 5000 list revealed today. Veda is also the fastest-growing company in Wisconsin, according to Inc. Magazine.

The Inc. 5000 is an 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 independent, entrepreneurial business segment. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other household name brands gained their first national exposure as honorees on the Inc. 5000.

“When we started Veda, we set out to make the healthcare industry more efficient and build a company that we could be proud of,” said Meghan Gaffney, CEO and co-founder of Veda. “Being named to the Inc. 5000 list validates our solution and vision and recognizes the Veda team who works tirelessly each day to help people access the care they need.”

The Inc. 5000 class of 2023 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly 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. In all, 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.”

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. Veda will also be included in the September issue of Inc. as the magazine highlights the top 500 companies.