31 Aug 2022 Meet the Finalists for ‘Company of the Year – Growth’
The Finalists for the “Company of the Year – Growth” award at the 2022 TIAs are demonstrating outstanding performance, high growth, and the potential to grow still further. With revenue and employee counts growing year over year, they are exceeding investor expectations and becoming leaders in their markets. This award is presented in partnership with OSLER.
This Victoria-based company’s low-code approach has made it one of the fastest-growing and most innovative application developers in Canada. What started with two founders and a $15,000 youth loan from Futurpreneur Canada has led to a decade of growth that now sees AOT employ around 60 people in B.C. and 120 worldwide.
Key stat: AOT’s annual revenue has increased since its founding in 2011, reaching $1 million in 2015 and more than $7 million in 2021.
Based in Vancouver, this global sports and entertainment company is focusing on technology related to regulated and lawful online gaming. FansUnite’s unique iGaming platform, Chameleon, offers operators a full suite of solutions with a sports and e-sports focus for the next generation of online bettors and casino players. Along with providing B2B technology solutions, FansUnite operates multiple B2C brands, such as Scottish sportsbook McBookie and Brazilian esportsbook VamosGG, and produces casino-style slot games under its Askott Games subsidiary. FansUnite is the parent company of North America-focused American Affiliate, which operates leading affiliate brands such as Betting Hero and Props.com.
Key stat: FansUnite closed nearly $40 million combined in two financing rounds in 2021, allowing it to pursue strategic expansion, and partnerships and triple its Canadian employee headcount.
Headquartered in Vancouver, Oxygen8 is reinventing how buildings provide healthy and comfortable air to occupants. The company develops, manufactures and sells 100-percent dedicated outside air systems to meet the needs of modern building design and address human health and climate challenges. Oxygen8’s solutions use membrane-based enthalpy exchangers to recover heat and latent energy, with its smart control systems optimizing health and energy consumption and integrating with high-efficiency heat pump technology to provide all-electric ventilation, filtration, heating and cooling solutions. Driving factors for this growth include the COVID-19 pandemic, the worldwide push to reduce buildings’ greenhouse gas emissions, and the need for intelligent building solutions in an increasingly digitalized world.
Key stat: Oxygen8’s 2022 revenue is on track to hit $9 million, up from $2 million in 2020, with its employee count growing from 4 to 40 in that time.
This Vancouver-based team of young entrepreneurs is disrupting the governance, risk and compliance (GRC) market with a high-performing automated platform that provides a scalable, efficient, and cost-effective solution for transforming internal teams, such as information security, legal, finance, and procurement, into revenue drivers.
Key stat: StandardFusion has doubled its annual recurring revenue since 2019 and is on track to break $3 million USD by the end of 2022. Its user base has grown by 330 percent since the end of 2021 and includes customers from around the world and across industries including retail, finance, government, technology, and healthcare.