Propagate Ranks No. 475 on the 2025 Inc. 5000 List of America’s Fastest-Growing Private Companies

Inc., the leading media brand and playbook for the entrepreneurs and business leaders shaping our future, today announced that Propagate is No. 475 on the 2025 Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America. The list provides a data-driven snapshot of the most successful companies within the economy’s most dynamic segment—its independent, entrepreneurial businesses. Past honorees include companies such as Microsoft, Meta, Chobani, Under Armour, Timberland, Oracle, and Patagonia. This is the second year in a row Propagate has made the list, having ranked No. 723 in 2024.

Black locust & black walnut silvopasture at Angus Glen Farms, in Watkins Glen, NY.

When we started Propagate, it was with a simple idea: work side-by-side with farmers to make trees a profitable part of agriculture. Eight years in, being named to the Inc. 5000 for the second year in a row is a humbling reminder of how far that idea has taken us. The growth is exciting, but what matters most is what it represents. More farms planting trees, more acres in regeneration, and stronger rural communities. We've always believed you don't have to choose between people, planet, and profit. Year after year, our work proves that's true.
–Propagate CEO Ethan Steinberg

This year’s Inc. 5000 honorees have demonstrated exceptional growth while navigating economic uncertainty, inflationary pressure, and a fluctuating labor market. Among the top 500 companies on the list, the median three-year revenue growth rate reached 1,552 percent, and those companies have collectively added more than 48,678 jobs to the U.S. economy over the past three years. 

For the full list, company profiles, and a searchable database by industry and location, visit: www.inc.com/inc5000. 

“Making the Inc. 5000 is always a remarkable achievement, but earning a spot this year speaks volumes about a company’s tenacity and clarity of vision,” says Mike Hofman, editor-in-chief of Inc. “These businesses have thrived amid rising costs, shifting global dynamics, and constant change. They didn’t just weather the storm—they grew through it, and their stories are a powerful reminder that the entrepreneurial spirit is the engine of the U.S. economy.”

Inc. will celebrate the honorees at the 2025 Inc. 5000 Conference & Gala, taking place October 22–24 in Phoenix, and the top 500 will be listed in the Fall issue of Inc. magazine.

Farmer Keavin Hill cuts hay from between rows of young chestnut trees in Maysville, KY.

Propagate is a regenerative agriculture project developer that makes it easy for farmland owners to plant, operate, and monitor agroforestry systems so that they can generate stable sources of income for future generations. By helping farms incorporate permanent crops, known as agroforestry, farms can increase profitability while stewarding water quality, biodiversity, soil health and carbon outcomes.

Propagate’s farm planning software, technical assistance, and project development services are paired with capital-backed programs to offer a simplified end-to-end solution so that farms can reduce risk while integrating fruit, nut and timber trees with animal or crop farming systems.

Founded in 2017, Propagate is a venture-backed company with investors such as The Nest, Agfunder, TELUS Pollinator Fund for Good, The Grantham Foundation, Techstars and Elemental Impact as well as a partner of USDA's Partnerships for Climate Smart Commodities and RCPP programs.

Propagate’s software product, Overyield currently supports 55,000+ acres of agroforestry, with over 3,000,000 trees & shrubs planned. Propagate also actively manages over 2,400 commercial acres, and growing, through its regional agroforestry hubs in NY and KY and has planted over 200,000 trees in the last 5 years.

Elderberry harvest at Ramble On Farm in Trumansburg, NY.

Methodology 

Companies on the 2025 Inc. 5000 are ranked according to percentage revenue growth from 2021 to 2024. To qualify, companies must have been founded and generating revenue by March 31, 2021. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2024. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2021 is $100,000; the minimum for 2024 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons.  

About Inc. 

Inc. is the leading media brand and playbook for the entrepreneurs and business leaders shaping our future. Through its journalism, Inc. aims to inform, educate, and elevate the profile of its community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating the future of business. Inc. is published by Mansueto Ventures LLC, along with fellow leading business publication Fast Company. For more information, visit www.inc.com.