Canada boasts 71 private tech companies with $100M+ annual revenue, including PointClickCare and GeoComply. These firms represent a new class of profitable scaleups resisting early sell-offs and exploring IPOs amid strong private backing.
While some firms, like Wealthsimple and 1Password, prepare for public markets, others prefer private equity to sustain growth. Critics highlight market volatility and stricter IPO readiness standards, with $300M+ revenue seen as a benchmark for success. Canada’s tech evolution offers a robust future, with leaders aiming to create enduring, generational companies that may reshape public market tech investments.
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