Devvela

5.0★★★★★(22 reviews)

620 N La Salle Dr suite 205, Chicago, IL 60654

Chicago, Illinois, United States

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Hours
Closed on Saturday
Weekdays10:00 AM – 6:00 PM
WeekendsClosed
Address
City: Chicago
Neighborhood: Near North Side
State: Illinois
Postal Code: 60654
Country: United States

Business facts

Estimated annual revenue~$4.8M
Estimated employees~8
Estimated wage bill~$1.3M
In business since2013
Based on reported payroll data

Contacts

Information Technology and Services

Information Technology and Services

Information Technology and Services

Information Technology and Services

Information Technology and Services

Information Technology and Services

Area statistics (60654)

Population23,475
Median household income$138,279
Source: US Census ACS

About

Devvela is a company that helps entrepreneurs bring their ideas to life and provides ongoing support for upgrades. With a core team of over 30 people across two continents and offices in Chicago, Tallinn, and Yekaterinburg, Devvela has been implementing bold ideas since 2007. In 2013, the company rebranded as Devvela.Milestones, marking a new chapter in their entrepreneurial journey.

💰
Price
$$
Wheelchair Accessible
Yes
Categories: Software Company, Website Designer, Internet Marketing Service, Web Hosting Company, E-commerce Service.
ISIC Codes: 4741, 4791, 6311, 7310, 7410.

Market analysis

Earning above its category median in a growing category (Software Company).

EstimateCategory trend: 2021, +8.7%

Revenue trend (modeled)

~$3.3M2019
~$3.4M2020
~$3.9M2021
~$4.4M2022
~$4.6M2023
~$4.8M2024
Modeled from category averages for the region+7.9%/yr since 201980% confidence band: ±68%

Company profile

Employees (reported band)15-17
Observed

Federal support (SBA)

EIDL advance grant (2020)$1.0K · 1 jobs reported
EIDL disaster loan (2020)$24.0K
ObservedSource: US SBA public records

Category context

BusinessesTotal revenueMeanMedianMedian ratingvs median
Software Company in Illinois3,908~$20.1B~$5.2M~$1.2M5.0★4.0×
Category revenue trend2021: +8.7%2020: -1.3%2019: -0.4%Modeled from business-level estimates
Chain pressure43 chains expanding in this category, led by Metro by T-Mobile, Metro, Walmart Electronics (+1,929 locations since 2016)

Revenue trajectory vs benchmarks (indexed, 2019 = 100)

Estimate

Immediate area (1 km)

BusinessesTotal revenueMeanMedianJobsEstimated wage billvs median
1 km area (all businesses)4,636~$12.5B~$2.7M~$842.8K30,833~$3.5B5.7×
Professional, scientific and technical activities661~$2.5B~$3.7M4,068
Wholesale and retail trade; repair of motor vehicles and motorcycles580~$3.1B~$5.4M3,289
Information and communication95~$114.6M~$1.2M462

1 km area (all businesses): median from the 4,012 of 4,636 businesses with estimates

Estimate

Area conditions (60654)

Population23,475 ±1,563
Median household income$138,279 ±$16,157
Median home value$496,200
Bachelor's degree or higher0.9%
Unemployment rate0.0%
Source: US Census ACS
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