Some of the Inland Northwest’s fastest-growing and innovative startups were honored at the second annual 25+5 event Thursday evening.
The 25+5 event, hosted by Ignite Northwest and the Spokane Journal of Business, celebrates 25 of the most compelling startups and five companies to watch in the future.
More than 400 people registered for the virtual event in which three companies garnered awards.
Coeur d’Alene-based Continuous Composites won an award for the “most radical product or service.” Continuous Composites, founded by Ken Tyler, John Swallow and Tyler Alvarado, manufactures composite parts using continuous-3D printed fibers. The parts are used in the aerospace, construction and sporting goods industries.
Spokane-based Spiceology was named “most likely to break $100 million in five years.”
Spiceology, founded in 2013 by executive chef Pete Taylor and food blogger Heather Scholten of Farmgirl Gourmet, has grown steadily by creating recipes and how-to videos for customers as well as collaborating with chefs and food influencers on new product lines.
Spiceology was named to Inc. Magazine’s list of the 5,000 fastest-growing companies in the nation in 2020.
The company secured $4.7 million in Series A funding in September, led by grocery and retail executive Ty Bennett with participation by Kickstart Funds III and IV, a group of angel investors and the Cowles Co., which publishes The Spokesman-Review.
Safeguard Equipment Inc., of Post Falls, won an award for the “coolest company culture.”
Safeguard Equipment, founded by Tim Ledford, John Thompson and Brandon Bledsoe, developed a personal voltage and electrical-current detector that keeps people safe on worksites. The company