Skip to main content

Deloitte Canada announces 25th annual Technology Fast 50 winners

While the executive winners’ survey points to challenging labour and financial markets, results show the industry is committing to board diversity and women in leadership roles

Toronto, November 16, 2022 – Deloitte Canada is proud to announce 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. For the complete list of Technology Fast 500 winners, click here

Technology Fast 50 Ranking

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 Toronto 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 British Columbia
29 842% GeoComply Vancouver British Columbia
30 829% ApplyBoard Kitchener Ontario
31 802% BenchSci Toronto Ontario
32 802% Freight Club Burnaby British Columbia
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

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

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 Dartmouth Nova Scotia
14 116% Clear Blue Technologies Toronto Ontario
15 76% BQE Water Vancouver British Columbia

Companies to Watch

Companies to Watch

# Growth % Company name City Region
1 4221% Thrive Health Vancouver British Columbia
2 3296% Athenian 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 Quebec
9 574% SWITCH 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% Ionommr 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.