3 Vancouver tech startups are valued at over $1 billion

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Image: Hootsuite

Three Vancouver tech startups have the honour of joining the ranks of the “unicorn club” – that is, private companies valued at $1 billion or more.

Only five such startups exist in Canada.

Christy Clark Flickr / Province of British Columbia

SEE ALSO: B.C. investing $100 million into local tech startups

A new infographic from Vancouver-based Visual Capitalist, an investment trend monitoring website, shows the increasing number of North American companies joining the ranks of the unicorn club.

Inforgraphic: Visual Capitalist

Inforgraphic: Visual Capitalist

The three Vancouver tech companies worth over $1 billion are Slack, Avigilon, and Hootsuite. The other two Canadian billion dollars companies are Kik and Shopify.

Another term for Canadian companies specifically who join the ranks of the unicorn club is the “narwhal club” after the horned marine mammal that exists in the far north of Canada.

Here’s an infographic detailing each company in the unicorn/narwhal club, and the companies that are on their way to joining those ranks:

narwhal-canadian-startups-valued-1-bn

Image: Visual Capitalist

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Lauren Sundstrom Lauren is a Staff Writer and Projects Assistant at Vancity Buzz. She is a graduate of BCIT's Broadcast and Online Journalism program. She loves reporting on breaking news and lifestyle content. If you feel like you have a story that needs to be told, fire her a tweet.
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