Data insights from 2022
Total invested in Canadian companies
Total invested in Canadian companies: $10.1B
Top 3 provinces: Ontario ($5.3B), Quebec ($2.4B), British Columbia ($1.4B)
Top ecosystems: Toronto ($3.8B), Montreal ($2B), Waterloo Region ($0.8B)
Total revenue of Team True North companies
Combined revenue in 2022: $8.6B
Average year over year growth rate 2021 to 2022: 71%
Provinces with the highest avg growth rates: ON (90%), BC (56%), QC (51%)
(Source: Team True North)
Total jobs posted in Canada
Total jobs posted: 8,125
Total number of companies in 2022: 719
Top 3 job functions sought: Software Engineering (1,296 postings), Sales & Business Development (852 postings), IT (692 postings)
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Acquired by Communitech in September 2022, Briefed.in is a data platform that tracks investment in Canadian technology companies.
Team True North spotlights the best of Canadian tech: high-performing tech firms tracking to $1 billion in annual revenue with growth rates that match the top one percent of companies in the world.