Danvers, MA — August 16, 2022 — NineTwoThree Venture Studio and their global team of engineers, designers, and managers was recognized as one of the fastest-growing private companies in America in the Inc. 5000. This honor - which marks NineTwoThree’s second consecutive listing - comes after a year that saw unexpected challenges; team dedication, resolve and resilience; and a tenacity by the startup studio founders to sustain and grow against all odds.
Founded in 2012 by Andrew Amann and Pavel Kirillov, NineTwoThree Venture Studio was originally started as a SaaS application with over 600,000 downloads. It has since grown into a startup studio offering product-building expertise to enterprises, funded startups, and their own internally-funded ventures. They have also doubled the size of their global team of developers, designers, and managers in the past year.
Second Consecutive Year on Inc. 5000 Validates Scalable Startup Studio Model
The Inc. 5000 Fastest-Growing Private Companies in America ranks businesses by revenue, median growth, jobs added, and other factors to determine which companies to watch in 2022. “Appearing on this list for two consecutive years validates NineTwoThree’s startup studio model and the sustained growth we have been able to achieve,” said CTO and Co-Founder, Pavel Kirillov.
“Our change to the agency-funded startup studio model brought more resilience and repeatability to our development teams,” Kirillov added. “We’ve had a remote, global workforce from the beginning, and the ability to assemble development teams with specific industry experience to each new venture is a major strength regardless if they are an established brand or funded startup.”
War in Ukraine Impacts Studio Overnight, Founders Navigate Supporting Global Team and Growth
This adaptability was significantly put to the test in 2022 as 25 members of NineTwoThree’s staff lived in Ukraine at the start of the war. Despite the challenge of meeting client demands and financially supporting all personnel while a portion of the team was unable to work, NineTwoThree was able to reassign teams, rely on global relationships, and find new revenue streams. They weathered the first and hardest weeks of the war and came out stronger - doubling revenue in 4 weeks to ensure the entire staff remained employed regardless of output.
NineTwoThree’s CEO and Co-Founder, Andrew Amann, has spoken at events such as Microconf and contributed thought leadership to prominent publications such as Inc., Built In, and Forbes, detailing how the startup studio model worked as an alternate approach to growing a digital product and how NineTwoThree effectively scaled through adversity.
“Experienced entrepreneurs are interested in hiring smaller in-house teams focused on core IP and then hire specialized agencies to build the bulk of their product which guarantees a faster time to market,” said Amann. “The portfolio of products the NineTwoThree team has developed over the years seems to provide the right mix of quality and experience to launch our clients' next digital venture. We are seeing startups become profitable earlier while the founders work on other parts of their business.”
Amann also added: “Established brands are beginning to realize the benefits of remote work. However, instead of figuring out how to hire in other countries, brands are discovering that NineTwoThree has a ready-to-go team with on-shore founders that understand how to move fast and maintain quality. Plus, we are constantly told how much fun the whole process is - it makes me so happy to see our team impress our clients.”
About NineTwoThree Venture Studio
Since launching in 2012, NineTwoThree Venture Studio has helped launch numerous software products and systems for clients and emerging companies and has been named for two years to the fastest-growing private companies in America on the Inc 5000 list. The studio builds custom products for funded startups and tech brands. As a startup studio that learned what worked from building 50 client apps and 14 startups up to one billion dollars, NineTwoThree operates from a proven playbook to efficiently and cost-effectively build client apps. The studio is actively scaling its footprint across the industrial, financial, healthcare, last-mile delivery, IoT, eCommerce, wellness, and other industries, creating products for both the largest brands in the world, as well as fast-growing startups.