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Business, News

These are Canada's top 50 startups for 2017, according to Canadian Business

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Daily Hive Staff Sep 14, 2017 3:59 am 1,907

Canadian startups generate millions in revenue annually.

And each year, Canadian Business ranks the top 50 of Canada’s Top New Growth Companies that have brought innovative concepts to the market, and shown “hyper-fast sales growth.”

In order to be eligible for the ranking, a startup must have been founded and started generating revenue between July 1, 2011, and early 2014. Additionally, a minimum revenue requirement of $1 million in the most recent fiscal year applied to all firms.

While Ontario and BC dominate the list, there are a few Quebec companies listed, along with one in Newfoundland and one in Nova Scotia. Surprisingly absent is Alberta, which did not make the top 50.

Using their revenue growth over the last two-years, Canadian Business listed the hottest startups in the country as follows:

Rank Company 2-year revenue growth (%) 2016 revenue ($mil) Industry City Province Employees, 2016 (full-time equivalent)
1 Strawhouse 3,034 50-100 Marketing & Media Kelowna B.C. 27
2 Article 1,927 20-50 Retail Vancouver B.C. 40
3 ForeverSpin 1,889 2-5 Manufacturing Toronto Ont. 10
4 Cluep 1,836 5-10 Marketing & Media Toronto Ont. 21
5 CHICC (Canadian Home Improvement Credit Corp.) 1,775 2-5 Financial Services Mississauga Ont. 7
6 HonkMobile 1,431 2-5 Financial Services Toronto Ont. 16
7 KAI Innovations 1,324 2-5 Software Whitby Ont. 22
8 Masontops 1,172 2-5 Manufacturing Toronto Ont. 4
9 Prodigy Game (SMARTeacher) 1,168 5-10 Software Burlington Ont. 60
10 Oaple Forest Products 1,069 20-50 Wholesale & Distribution Markham Ont. 9
11 Generis 956 2-5 Marketing & Media Toronto Ont. 29
12 5 Point Operations 930 2-5 Real Estate Kelowna B.C. 153
13 Nova Scotia Spirit Co. 902 2-5 Manufacturing Trenton N.S. 15
14 Swift Labs 863 1-2 Manufacturing Kitchener Ont. 6
15 TrackTik 826 2-5 Software Montreal Que. 28
16 Flytographer 776 1-2 Consumer Services Victoria B.C. 12
17 Truespeed Internet Services 773 1-2 Telecommunications Brockville Ont. 25
18 Pixieset 732 5-10† Software Vancouver B.C. 12
19 Refresh Financial 705 10-20 Financial Services Kelowna B.C. 51
20 GreenMantra Technologies 691 2-5 Manufacturing Brantford Ont. 42
21 CANEI 658 1-2 Wholesale & Distribution Toronto Ont. 5
22 Knixwear 640 2-5 Manufacturing Toronto Ont. 8
23 Urban Blueprint 639 1-2 Construction Toronto Ont. 14
24 Flarian 635 1-2 Marketing & Media Toronto Ont. 7
25 Managed Sales Pros 621 1-2 Professional Services Winnipeg Man. 37
26 CareGuide 596 2-5 Consumer Services Toronto Ont. 28
27 Soulpepper Digital 591 1-2 Marketing & Media Vancouver B.C. 18
28 Workstory 590 1-2 Software Vancouver B.C. 5
29 AN Commerce 584 50-100 Retail Mississauga Ont. 135
30 J&M Group 562 5-10 Information Technology Mississauga Ont. 104
31 Maven Consulting 552 5-10 Industrial Services North Vancouver B.C. 27
32 Traxxall Technologies 526 1-2 Software Montreal Que. 26
33 Diply (GoViral) 478 20-50 Marketing & Media London Ont. 170
34 Samsao 436 1-2 Software Montreal Que. 23
35 SensorSuite 420 1-2 Software Toronto Ont. 15
36 Seoplus+ 418 1-2 Marketing & Media Ottawa Ont. 16
37 Metalilux 406 1-2 Manufacturing Montreal Que. 12
38 TriNimbus 399 2-5 Information Technology Vancouver B.C. 35
39 StackAdapt 397 5-10 Software Toronto Ont. 42
40 THP 394 5-10 Marketing & Media Toronto Ont. 86
41 Smart Employee Benefits 386 50-100 Human Resources Mississauga Ont. 675
42 LowestRates.ca 382 5-10 Financial Services Toronto Ont. 23
43 DNA Mechanical 378 5-10 Industrial Services Vaughan Ont. 49
44 Ray Agency 367 1-2 Marketing & Media St. John’s Nfld. 12
45 Cargo County Group 336 2-5 Transportation & Logistics Brampton Ont. 32
46 Beauty First 333 1-2 Consumer Services Burlington Ont. 23
47 Alliance Zone 318 2-5 Wholesale & Distribution Longueuil Que. 3
48 Dash Agency 309 1-2 Marketing & Media Toronto Ont. 17
49 Big Bang ERP 307 5-10 Information Technology Montreal Que. 48
50 Squeeze Studio Animation 298 2-5 Marketing & Media Quebec Que. 55
See also

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Daily Hive Staff
Launched on June 1, 2016, Daily Hive is the evolution of Vancity Buzz and is now in Vancouver, Calgary, Toronto, and Montreal.

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