Communitech this month unveiled the first ever Team True North.
The Kitchener-based hub for entrepreneurship created the list to spotlight “the best of Canadian tech”—which by their measure is defined as high-performing tech firms “tracking to $1 billion in annual revenue with growth rates that match the top 1% of companies in the world.”
“Why did we form Team True North? Because it is Canada’s time,” the company believes. “This is the best place on the planet to work in tech, invest in tech and build amazing things.”
The list was determined through data from Silicon Valley Bank using a model developed by New York data science firm Two Sigma designed to assess company potential.
Six companies from British Columbia made the inaugural list. They are:
- Vancouver’s Elastic Path Software powers mission-critical digital commerce for top leading brands. They raised $60 million earlier this year.
- Burnaby’s Clio is a pioneer in the legal-tech and cloud spaces. They recently achieved centaur status.
- North Vancouver’s Jane is an all-in-one health and wellness practice management platform. They closed $2 million from CIBC Innovation Banking in 2019.
- Langley’s FT Synthetics is a fully integrated manufacturer of synthetic rooﬁng underlayments and associated construction products.
- Vancouver’s Klue is a competitive intelligence platform that allows businesses to collect, curate, and deliver data.
- Burnaby’s Cymax Group is an e-commerce technology and services platform for furniture vendors and retailers. They have been bolstering their executive team in response to growth.
Through Team True North, Communitech says it will continue to support these companies with access to talent, customers, and capital.