Blinker, the peer-to-peer car sales app, has been named a Colorado Company to Watch in recognition of its influence as a growing company in Colorado.

The online used-car marketplace, led by John Elway Dealers and Summit Automotive Partners founder Rod Buscher, was launched in Denver in September.

Each year, Colorado Companies to Watch honors second-stage companies that develop valuable products and services, create quality jobs and generate new industries in Colorado, according to Blinker.

The Colorado Office of Economic Development and International Trade, the Edward Lowe Foundation and community partners from across Colorado launched the program in 2009.

“Blinker is honored to receive this distinction, and we are proud to be based in Colorado,” Buscher said in a news release. “After doing business here for more than three decades, we built Blinker to innovate the auto industry by putting people in control of car ownership using a mobile app, in the same way that Airbnb revolutionized its industry.”

Blinker is among 50 companies Colorado Companies to Watch selected to honor this year. Since the program’s inception, its distinction has been presented to 400 companies.

Additionally, earlier this year, Blinker was selected for the SXSW Interactive Innovation Awards in recognition of its creativity, form, function and overall experience in the New Economy category.

Last year, Blinker was honored by the Denver Office of Economic Development during the 2016 Denver Startup Week when it named the company a Denver Gazelle, which is a distinction reserved for Denver companies exhibiting both high growth and job creation potential.

For more information about the Colorado Companies to Watch program, visit ColoradoCompaniestoWatch.org.