The Globe and Mail list features country’s thriving businesses
Sept. 24, 2021 (Saskatoon, CANADA) – Vendasta is proud to announce it secured a spot on The Globe and Mail’s 2021 Report on Business ranking of Canada’s Top Growing Companies.
With verified three-year revenue growth of 101%, the end-to-end ecommerce platform ranked #316 among the nation’s fastest-growing businesses. In total, 448 companies earned a spot on this year’s list.
Since 2019, Vendasta has rapidly enhanced its technology and grown its solution offerings for its partners and their local business clients. Among notable achievements, the platform company:
- raised nearly $160 million in venture capital funding over two rounds, breaking records for venture capital investment in Canadian prairie technology ($40 million in 2019; $119.5 million in 2021);
- grew its partner community to 60,000+ local experts serving 5.5 million local businesses, doubling its paid user base;
- welcomed 300+ new Vendasta employees;
- moved to its new Vendasta Square headquarters in downtown Saskatoon, Saskatchewan;
- introduced dozens of curated and critical third-party apps and services for partners and their local business clients in Vendasta’s award-winning Marketplace, including Quickbooks, JazzHR, and ActiveCampaign;
- provided a cost-free suite of Vendasta owned and operated products to drive software adoption and client retention for its partners;
- launched remote collaboration tools, such as Meeting Scheduler;
- introduced ecommerce capabilities, including integrated billing and payments;
- created Inbox, a centralized hub for SMBs to communicate with customers;
- developed Proposal Builder for partners to create, share, and present their plans to SMB clients;
- released multi-location reporting, allowing partners to enjoy a top-level view of their brands and franchises;
- and minted its Conquer Local Academy and Community, providing partners with a learning module system to upskill, and a forum and dynamic meeting space for them to collaborate worldwide.
“Looking back at the past few years, it’s incredible to reflect on what we’ve been able to achieve with the support and trust of our partners, and the hard work and vision of people here at Vendasta,” said CEO Brendan King. “Our primary focus is on the local businesses that line main streets around the world, and we will work tirelessly to ensure their successes in an increasingly digitally-reliant world.”
Launched in 2019, Canada’s Top Growing Companies editorial ranking aims to celebrate entrepreneurial achievement in Canada by identifying and amplifying the success of growth-minded, independent businesses in Canada. It is a voluntary program; companies had to complete an in-depth application process to qualify.
“As we look toward the future, Canada’s Top Growing Companies offer both inspiration and practical insights for other firms facing similar challenges,” said James Cowan, Editor of Report on Business magazine. “The entrepreneurs behind these companies are smart, tenacious, and unwavering in their commitment to their goals.”
The complete list of 2021 winners and accompanying editorial coverage is published in the October issue of Report on Business magazine—out now—and online.
At Vendasta, our core purpose is to drive local economies by democratizing technology for small- and medium-sized businesses (SMBs). We accomplish this by providing a robust platform to local experts around the world—our channel partners. Partners use Vendasta’s technology to market, sell, bill, fulfill, and deliver digital solutions to their SMB clients. Our end-to-end platform and Marketplace are tightly integrated into an operating system delivered to SMBs, providing a single sign-on to their digital products and analytics. Vendasta serves 60,000+ channel partners, who in turn work with more than 5.5 million SMBs worldwide. Sign up for free and explore Vendasta at www.vendasta.com.
About The Globe and Mail
The Globe and Mail is Canada’s foremost news media company, leading the national discussion and causing policy change through brave and independent journalism since 1844. With award-winning coverage of business, politics and national affairs, The Globe and Mail newspaper reaches 6.4 million readers every week in print or digital formats, and Report on Business magazine reaches 2 million readers in print and digital every issue. The Globe and Mail’s investment in innovative data science means that as the world continues to change, so does The Globe. The Globe and Mail is owned by Woodbridge, the investment arm of the Thomson family.
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