KITCHENER, ONT., January 30, 2024 — Communitech continues to identify, celebrate and support Canada’s high-performing companies as they scale into global superstars by announcing the newest members of Team True North.

The companies were unveiled today at a special event in the Communitech Hub in Kitchener, followed by a private dinner and networking session with existing members of Team True North.

“Communitech is proud to support Canadian founders who are striving to build globally competitive tech companies,” said Chris Albinson, CEO and President of Communitech. “Data shows that these companies drive innovation and enhance prosperity for all by creating an environment of talent and know-how that fosters new generations of promising startups.”

To be considered for Team True North, companies must be Canadian controlled, privately-held tech company with annual revenue and year-over-year revenue growth that falls within one of the following ranges:

• Minimum of $20 million in annual revenue and 60 per cent year-over-year growth.
• Minimum of $40 million in annual revenue and 40 per cent year-over-year growth.
• Minimum of $80 million in annual revenue and 20 per cent year-over-year growth.
• Minimum of $100 million in annual revenue and 15 per cent year-over-year growth.

The newest members of Team True North include:

• GoBolt
• Humi
• Smile Digital Health
• SWTCH
• ZayZoon
• Connect Tech

For more about these companies and their achievements over the past year, read the story on the Tech News page of the Communitech website.

These companies join an existing roster of fifty-nine companies who are already part of Team True North.

"We are delighted to be featured on the prestigious Team True North list and see this recognition as a testament to our team's achievements," says Tate Hackert, co-founder and President of ZayZoon. "We eagerly await the opportunities and growth that lie ahead as we continue to push boundaries and enhance our offerings."

Team True North was launched in June 2022. Modeled on Canada’s Own the Podium Olympic strategy, the initiative uses a variety of data points and other measures to identify privately-held tech companies from across the country that have the potential to reach $1 billion in revenue by 2030.

The intent is to provide team members with enhanced access to talent, sales opportunities and growth capital – as well as peer-to-peer discussions and networking opportunities to help them grow into globally successful businesses.

“Humi is incredibly proud to be part of this list of innovative Canadian tech companies,” said Kevin Kliman, CEO of Humi. “The commitment we all share to push the boundaries of existing solutions and make lives easier for Canadians while building and developing Canadian tech talent is truly special and inspiring.”

Team True North is supported by partners such as TMX (TSX, TSX-V), Ernst & Young, Inovia Capital, the Canadian Venture Capital & Private Equity Association, Export Development Canada (EDC), the Business Development Bank of Canada (BDC) and NRC-IRAP.>>

Visit Communitech.ca for more information about how Communitech supports tech founders at all stages of their entrepreneurial journey.

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 About Communitech

Communitech was founded in 1997 by a group of entrepreneurs committed to making Waterloo Region a global innovation leader. At the time it was just a wild idea, but somehow this community managed to pull it off. Today, Communitech is a public-private innovation hub that supports a community of more than 1,600 companies — from startups to scale-ups to large global players.

For more information, please contact:

Suhani Saigal at suhani.saigal@communitech.ca