Results show the industry is committing to board diversity and women in leadership roles

TORONTO, ON–Deloitte Canada announced the winners of its Technology Fast 50, Enterprise Fast 15, Clean Technology, and Companies-to-Watch awards. The program reaches a milestone this year, celebrating 25 years of recognizing the achievements, innovation, leadership, and growth of Canadian technology companies.

“The 2022 Technology Fast 50 winners are a testament to how the Canadian tech sector is thriving,” says Anders McKenzie, partner, and national leader for the Technology Fast 50 program at Deloitte Canada. “Despite unpredictable economic and global climates, tech companies from around the country are seizing new opportunities and meeting rapidly evolving market demands. It is inspiring to witness the accelerated innovations and the many technological advancements that position Canada as a leader on the global stage.”

Labour and financial markets top concerns for Technology Fast 50 winners
According to Deloitte Canada’s annual survey of Technology Fast 50 executives, attracting and retaining a qualified workforce remain primary business challenges among Canada’s fastest-growing tech companies. Of the respondents, twenty-seven per cent say labour markets are the most significant issue they face, followed by concerns over financial markets (18%) and changing consumer preferences (13%).

An emerging concern for this year’s award recipients is access to capital. Last year, seventy-eight per cent of respondents felt their ability to access capital was improving. This year, that figure has dropped to forty-seven per cent, which represents a five-year low.

C-Suite progress: More women in leadership roles
Among the survey’s other findings, 1 in 5 companies (21 per cent) say that women make up more than forty per cent of their leadership, which is a one-point gain over last year. Additionally, 77 per cent have at least one board representative identifying as a member of an equity-seeking group.

2022 winners: Real estate, travel, food waste reduction, and healthtech lead the way

Nobul, a Toronto-based open digital marketplace connecting home buyers and sellers to real estate agents, tops this year’s Technology Fast 50 winners with a three-year growth trajectory of 72,944 per cent. Nobul is the first company in the award’s history to propel itself from the Companies-to-Watch category to the top of the Technology Fast 50 ranking in just one year.

Hopper, one of the world’s fastest-growing mobile-first travel marketplaces, earns the best ranking in the Enterprise Fast 15 category. Headquartered in Montreal, the company offers an app and B2B services which drove to a revenue growth rate of 859 per cent. This award category recognizes the fastest-growing enterprise-level technology, media, and telecommunications companies by revenue growth percentage over the last four years.

Flashfood claims the top spot in the Clean Technology category, an award established last year to recognize Canada’s top clean innovators providing processes, goods, or services that reduce environmental impacts. Located in Toronto, Flashfood has diverted more than 40 million pounds of food, saved shoppers an excess of $100 million, and fed hundreds of thousands of families. With a three-year revenue growth of 11,869 per cent, the company joins Nobul among the select few to have leapfrogged from the Companies-to-Watch list to the top of another Technology Fast 50 award the following year.

In the Companies-to-Watch category, Vancouver’s Thrive Health has the highest revenue growth at 4,221 per cent. The organization provides technology that enables enhanced access to patient data and equips healthcare providers with tools to design custom care workflows according to individual patient needs. Through its interactive patient engagement platform, Thrive Health is putting patients at the centre of their care, by facilitating more data-driven clinical decisions.

25 years of Canadian technology innovation and growth
Established in 1998, Deloitte Canada’s Technology Fast 50 program has awarded more than 1,700 innovative Canadian technology companies across a wide range of sectors and industries since its inception. These include hardware, semiconductors, software, SaaS, energy tech, medical, biotech and pharmaceutical, artificial intelligence, cloud services, consumer software, data analytics, enterprise infrastructure and productivity, fintech, security, mobility, and social networking.

80 Canadian companies earn Technology Fast 500 ranking
The Technology Fast 50 awards program runs alongside the broader North American Technology Fast 500™, with winners automatically eligible for this elite ranking. This year, 80 Canadian companies made that list, with Certn from British Columbia leading the group in 24th place.

TECHNOLOGY FAST 50 RANKING

#

Growth %

Company name

City

Region

1

72944 %

Nobul

Toronto

Ontario

2

6407 %

Certn

Victoria

British Columbia

3

6286 %

Bloom Care Solutions Inc.

Vaughan

Ontario

4

5476 %

d1g1t Inc

Toronto

Ontario

5

5247 %

Mistplay

Montreal

Quebec

6

4581 %

Bitbuy

Toronto

Ontario

7

4366 %

Symend

Calgary

Alberta

8

2904 %

Brim Financial

Toronto

Ontario

9

2854 %

Spocket

Vancouver

British Columbia

10

2658 %

Alphawave IP

Toronto

Ontario

11

2511 %

Clutch

Etobicoke

Ontario

12

2320 %

Marble

Toronto

Ontario

13

2309 %

AltaML

Edmonton

Alberta

14

2267 %

GoBolt

Toronto

Ontario

15

2077 %

Dark Slope and Lumeto –
Divisions of Spatial Industries Group

Toronto

Ontario

16

1926 %

TransitLabs, RideCo

Waterloo

Ontario

17

1596 %

Dialogue Health Technologies Inc.

Montreal

Quebec

18

1475 %

Hotspex Media

Toronto

Ontario

19

1284 %

Smile Digital Health

Toronto

Ontario

20

1269 %

Staffy

Toronto

Ontario

21

1205 %

DarkVision Technologies Inc.

Vancouver

British Columbia

22

1163 %

Properly

Toronto

Ontario

23

1041 %

Klue

Vancouver

British Columbia

24

974 %

Blockthrough

Toronto

Ontario

25

964 %

Vention

Montreal

Quebec

26

898 %

League

Toronto

Ontario

27

849 %

Wavo

Montreal

Quebec

28

843 %

Fantuan

Vancouver

BC

29

842 %

GeoComply

Vancouver

British Columbia

30

829 %

ApplyBoard

Kitchener

Ontario

31

802 %

BenchSci

Toronto

Ontario

32

802 %

Freight Club

Reston

Virginia

33

800 %

Underknown

Toronto

Ontario

34

790 %

Later

Vancouver

British Columbia

35

764 %

Ada

Toronto

Ontario

36

744 %

hungerhub Canada Inc.

Toronto

Ontario

37

740 %

AlayaCare

Montreal

Quebec

38

727 %

Clearco

Toronto

Ontario

39

689 %

Upfeat

Winnipeg

Manitoba

40

625 %

Leap Tools

Toronto

Ontario

41

551 %

Rewind

Ottawa

Ontario

42

529 %

eSSENTIAL Accessibility Inc

Toronto

Ontario

43

515 %

Thinkific

Vancouver

British Columbia

44

502 %

Tribe Property Technologies

Vancouver

British Columbia

45

495 %

Cloud Synapps Inc

Mississauga

Ontario

46

467 %

Jane

North Vancouver

British Columbia

47

463 %

LiveBarn

Montreal

Quebec

48

440 %

Loopio

Toronto

Ontario

49

437 %

iLobby

North York

Ontario

50

421 %

ScalePad

Vancouver

British Columbia


ENTERPRISE FAST 15 RANKING

#

Growth %

Company name

City

Region

1

859 %

Hopper

Montreal

Quebec

2

698 %

EBlock

Gloucester

Ontario

3

590 %

Trulioo

Vancouver

British Columbia

4

560 %

VOSKER

Montreal

Quebec

5

499 %

Viral Nation

Mississauga

Ontario

6

453 %

Valsoft Corporation

Montreal

Quebec

7

372 %

Jobber

Edmonton

Alberta

8

365 %

Shipfusion

Toronto

Ontario

9

358 %

Talent.com

Montreal

Quebec

10

338 %

StackAdapt

Toronto

Ontario

11

301 %

eStruxture Data Centers

Montreal

Quebec

12

300 %

Lightspeed Commerce Inc

Montreal

Quebec

13

276 %

Paystone

London

Ontario

14

262 %

East Side Games

Vancouver

British Columbia

15

260 %

CoolIT Systems

Calgary

Alberta


CLEAN TECHNOLOGY

#

Growth %

Company name

City

Region

1

11869 %

Flashfood

Toronto

Ontario

2

6730 %

Sollum Technologies

Montreal

Quebec

3

3154 %

MineSense Technologies

Vancouver

British Columbia

4

2589 %

Stromcore Energy

Mississauga

Ontario

5

1098 %

good natured Products Inc.

Vancouver

British Columbia

6

764 %

Biktrix Electric Bikes

Saskatoon

Saskatchewan

7

518 %

PyroGenesis

Montreal

Quebec

8

428 %

Previan

Quebec City

Quebec

9

336 %

Food Cycler

Ottawa

Ontario

10

307 %

Mysa

St. John’s

NL

11

300 %

Vive Crop Protection

Toronto

Ontario

12

276 %

LUMINOR Environmental Inc

Guelph

Ontario

13

223 %

Meta Materials Inc

Mississauga

Ontario

14

116 %

Clear Blue Technologies

Toronto

Ontario

15

76 %

BQE Water

Vancouver

British Columbia


COMPANIES TO WATCH

#

 Growth %

Company name

City

Region

1

4221 %

Thrive Health

Vancouver

British Columbia

2

3296 %

Athennian

Calgary

Alberta

3

3084 %

Symbodi

Fredericton

New Brunswick

4

3059 %

BioRender

Toronto

Ontario

5

2051 %

CapIntel

Toronto

Ontario

6

823 %

Irwin

Toronto

Ontario

7

654 %

SAVVYY

Toronto

Ontario

8

643 %

Fellow

Ottawa

Ontario

9

574 %

SWTCH Energy

Toronto

Ontario

10

499 %

Lydia AI

Toronto

Ontario

11

437 %

Crypto4A

Ottawa

Ontario

12

387 %

Vitruvi

Calgary

Alberta

13

336 %

UgoWork

Quebec City

Quebec

14

262 %

Ionomr Innovations

Vancouver

British Columbia

15

246 %

Milk Moovement

Halifax

Nova Scotia

About the Deloitte Technology Fast 50™ program
The Deloitte Technology Fast 50 program is Canada’s pre-eminent technology awards program. Celebrating business growth, innovation and entrepreneurship, the program features distinct categories, including the Technology Fast 50 ranking, Enterprise Fast 15, Clean Technology, and Companies-to-Watch. The program also recognizes companies within the North American Technology Fast 500 ranking, identifying technology companies in the United States and Canada. The 2022 program sponsors include RBCx, Osler, CBRE, Council of Canadian Innovators, EDC, TMX, Vector Institute, Clarity Recruitment, and Lafond. For further information, visit www.fast50.ca.

About Deloitte
Deloitte provides audit and assurance, consulting, financial advisory, risk advisory, tax, and related services to public and private clients spanning multiple industries. Deloitte serves four out of five Fortune Global 500® companies through a globally connected network of member firms in more than 150 countries and territories bringing world-class capabilities, insights, and service to address clients’ most complex business challenges. Deloitte LLP, an Ontario limited liability partnership, is the Canadian member firm of Deloitte Touche Tohmatsu Limited. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.

Our global Purpose is making an impact that matters. At Deloitte Canada, that translates into building a better future by accelerating and expanding access to knowledge. We believe we can achieve this Purpose by living our shared values to lead the way, serve with integrity, take care of each other, foster inclusion, and collaborate for measurable impact.

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