Last week, we featured a list of top ten startup companies to work in the United States. The list is based on on survey conducted by the popular professional social network site, LinkedIn. Today, we are moving up north to Canada to find the 2019 list of Canada’s top new growth startup companies, also called Startup 50.

The Canada’s Top New Growth Companies for 2019 was ranked by Canadian Business, the longest-serving and most-trusted business publication in the country, and Maclean’s. The Startup 50 profiles the fastest-growing startups in the country. It is a companion list to the Growth 500 ranking of Canada’s Fastest-Growing Companies, which has, for over 30 years, been Canada’s most respected and influential ranking of entrepreneurial achievement.

Ranking Canada’s Top New Growth Companies by two-year revenue growth, the Startup 50 profiles the fastest-growing startups in the country. It is a companion list to the Growth 500 ranking of Canada’s Fastest-Growing Companies, which has, for over 30 years, been Canada’s most respected and influential ranking of entrepreneurial achievement. Both the Startup 50 and Growth 500 are published in a special issue of Canadian Business published with Maclean’s magazine and at CanadianBusiness.com.

Rank Company 2-year revenue growth (%) 2018 revenue ($mil) Industry City Province Employees, 2018 (full-time equivalent)
1 Exzell Pharma 6204 20-Oct Wholesale & Distribution Markham Ont. 16
2 NutraChamps 5799 20-Oct Retail Toronto Ont. 9
3 LBC Studios 5201 20-Oct Software Vancouver B.C. 28
4 Nova Leap Health 5081 10-20† Consumer Services Halifax N.S. 50
5 Marlin Spring 4796 200-500 Real Estate Toronto Ont. 41
6 Aurora Cannabis 3735 50-100 Agriculture Edmonton Alta. 685
7 FreshWorks 2034 5-Feb Software Victoria B.C. 49
8 Infinity 2017 20-Oct Information Technology Mississauga Ont. 196
9 Mobile Klinik Professional Smartphone Repair 1323 20-Oct Retail Toronto Ont. 174
10 Platterz 1312 2-5† Software Toronto Ont. 140
11 Sonar Software 1149 5-Feb Software DeBolt Alta. 23
12 Emerge Commerce 1148 10-May Retail Toronto Ont. 33
13 Intellijoint Surgical 1123 10-May Information Technology Kitchener Ont. 51
14 Wellington Motor Freight 1118 20-50 Transportation & Logistics Cambridge Ont. 56
15 Durham Recruiting 1003 5-Feb Professional Services Oshawa Ont. 7
16 Canadian Plasma Resources 987 5-Feb Consumer Services Saskatoon Sask. 22
17 Olsa Tools 926 5-Feb Retail Edmonton Alta. 2
18 Hi-Performance Distributors 925 10-May Wholesale & Distribution Langley B.C. 12
19 Prodigy Bank 800 2-Jan Professional Services Toronto Ont. 35
20 Ontario Green Savings 785 10-May Consumer Services Toronto Ont. 35
21 Viral Nation 709 20-Oct Marketing & Media Mississauga Ont. 42
22 OneSoft Solutions 658 5-Feb Industrial Services Edmonton Alta. 23
23 Nova Staffing 655 2-Jan Human Resources Brampton Ont. 33
24 Transformer Table 644 5-Feb Retail Montreal Que. 14
25 Auvik Networks 638 20-Oct Software Waterloo Ont. 167
26 Baby Doppler 605 5-Feb Retail Toronto Ont. 4
27 Jacked Factory 593 20-Oct Retail St. John’s Nfld. 6
28 Carry Telecom 593 20-Oct Telecommunications Toronto Ont. 52
29 DeeBee’s Organics 570 5-Feb Manufacturing Victoria B.C. 11
30 GenVoice 538 2-Jan Telecommunications Markham Ont. 9
31 Lightship Security 529 2-Jan Information Technology Ottawa Ont. 11
32 Family Tax Recovery 527 5-Feb Financial Services Toronto Ont. 16
33 Haneco Lighting Canada 526 2-Jan Professional Services Markham Ont. 5
34 Avant Insurance Brokers 519 2-Jan Professional Services Winnipeg Man. 10
35 Caddle 517 2-Jan Information Technology St. Catharines Ont. 14
36 Mistplay 509 2-Jan Software Montreal Que. 8
37 The Moresby Group 502 5-Feb Professional Services Toronto Ont. 11
38 Dispatch Integration 483 5-Feb Information Technology Oakville Ont. 14
39 Lift & Co. 470 10-May Retail Toronto Ont. 34
40 Kontrol Energy 469 20-Oct Energy Vaughan Ont. 45
41 AlayaCare 468 10-May Software Montreal Que. 108
42 Diesel Group Systems 468 10-May Transportation & Logistics Toronto Ont. 32
43 MCC Controls 453 2-Jan Industrial Services Hamilton Ont. 14
44 Maverin 433 5-Feb Professional Services Ottawa Ont. 60
45 R2i 384 20-Oct Information Technology Montreal Que. 17
46 GuaranteedRemovals.com 370 10-May Professional Services Burlington Ont. 50
47 ezoBord 366 5-Feb Professional Services Kitchener Ont. 10
48 Tellwell Talent 351 5-Feb Marketing & Media Victoria B.C. 22
49 CrowdRiff 350 5-10† Software Toronto Ont. 73
50 True Büch Kombucha 345 2-Jan Manufacturing Calgary Alta. 8
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† = $US

Methodology

The Startup 50 ranks businesses on two-year revenue growth. In order to be eligible, a company must have been founded and generating revenue between July 1, 2013 and early 2016. All companies voluntarily applied to participate in the program. We shortlisted companies based on revenue figures supplied on a brief self-nominating ballot, then verified eligibility and revenue claims through detailed questionnaires and reviews of applicant-supplied financial statements. Companies must have generated minimum revenue of at least $1 million in the most recent fiscal year to qualify. Growth rates were calculated using a base-year minimum of $200,000. Visit Growth500.ca for more.

About Canadian Business

Founded in 1928, Canadian Business is the longest-serving and most-trusted business publication in the country. It is the country’s premier media brand for executives and senior business leaders. It fuels the success of Canada’s business elite with a focus on the things that matter most: leadership, innovation, business strategy and management tactics. Learn more at CanadianBusiness.com.

 




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