Calgary startups dominate Deloitte’s 2023 Companies-To-Watch list

This morning, Deloitte Canada revealed the winners of its Technology Fast 50, Enterprise Industry leaders, Clean Technology, and Companies-to-Watch award winners. Six Calgary firms and one Edmonton startup made this year’s list.

Now in its 26th year, the Technology Fast 50™ program recognizes the achievements of Canada's leading technology companies with a focus on rapid revenue growth. This year, the average three-year growth of the Technology Fast 50 winners is 2,213 per cent, according to Deloitte.

Calgary companies landed the top spots in the Clean Technology and Companies-to-Watch categories.

At the top of the Clean Technology category is Convrg Innovations Inc., a Calgary-based company that offers emissions reduction solutions for companies aiming to operate sustainably in oil and gas work sites. The company has a three-year growth of 6,000 per cent.

In the Companies-to-Watch category, Neo Financial has the highest revenue growth at 81,732 per cent. Headquartered in Calgary, the company is using tech to build a better financial experience for customers with a focus on savings and credit products.

Here’s the full list of companies from Alberta:

Technology Fast 50:

Symend (Calgary)

• Rank: 19

• Growth: 1,204%

• In the news: Canada's top growing companies

ZayZoon (Calgary)

• Rank: 21

• Growth: 1,006% ZayZoon

• In the news: ZayZoon earns $46M in Series B financing for its wages-on-demand platform

Enterprise–Industry Leaders:

Jobber (Edmonton)

• Rank: 17

• Growth: 370%

• In the news: Edmonton-based Jobber raises $100M on the heels of massive growth

Clean Technology:

Convrg Innovations Inc.

• Rank: 1

• Growth: 6,000%

Companies-to-Watch:

Neo Financial 

• Rank: 1

• Growth: 81,732%

• In the news: How Andrew Chau’s Fintech Company Put the Prairies on the Map

Purpose Med

• Rank: 2

• Growth: 8,484%

• In the news: LinkedIn names Neo, AltaML, PurposeMed, and Summit Nanotech among Canada’s top 15 startups

Falkbuilt

• Rank: 4

• Growth: 2,381%

"This year's thriving cohort of winners have delivered outstanding revenue growth, despite prevailing uncertainties in the economy and marketplace," said Anders McKenzie, partner, and national leader for the Technology Fast 50 program at Deloitte Canada, in a statement.

“With their bold vision for the future, impactful technologies, competitive drive, and passion for pushing the boundaries, these companies are paving the way as catalysts in their respective sectors—delivering growth and value to the Canadian economy both at home and beyond. It is truly inspiring to see how they not only improve today's world, but also shape tomorrow's."