Job Creation Data in the Atlantic Canadian Tech Ecosystem for 2021

Atlantic Canada's tech ecosystem had a huge year.  From my tally, companies in the region raised over $350m in venture capital financing and hired a net new 2,483 employees in 2021.

Last quarter was a slow one for job growth, seeing only 255 net new jobs.  However, this shouldn't be viewed as an indication of a slowdown, because this same group of companies were injected with $116.1m in capital in Q4 2021.

Of the companies that I’m tracking 22% hired employees, 57% had no change and 21% had less staff last quarter.  Throughout 2021, 33% hired employees, 28% were stagnant, and 28% had less staff than the year before.  

Those companies hiring in 2021, made lots of new hires.  The top 15 companies (see below) hired a total of 668 new individuals, representing 27% of the total net new jobs created in 2021.

There was some big news out of the region in Q4 2021:

• Funding (Total = $116.1m)

  • Sonrai raises $50m

  • Colab raises $21m

  • Mysa raises $20m

  • xOcean raises $11.7m

  • Swarmio goes public, raises $6.3m

  • Goodleaf lands $2.7m

  • Sentry raises $1.9m from SDTC

  • Milk Moovement raises $1.5m from SDTC

  • SwiftSure raises $1m

  • Announcing our Trophi.ai Investment

  • VentureGrade invests into 3D Planeta & KorrAI
    

• Acquisitions

  • Leadsift acquired by IDG

  • Alongside acquires Career Beacon

  • Trip Ninja was acquired by Webjet

  • Affinio acquired by NowVertical
    

We release jobs data each quarter for Atlantic Canada. If you’d like to receive future job data from the industry, please subscribe to our newsletter, by clicking here.

Top Tech Atlantic Canadian Employers in 2021

Sorted by net new jobs created

• Verafin, Newfoundland

• CarbonCure Technologies, Nova Scotia

• Dash Hudson, Nova Scotia

• Mysa, Newfoundland

• Biovectra, PEI

• Protocase, Nova Scotia

• Novonix, Nova Scotia

• Colab, Newfoundland

• Sonrai, New Brunswick

• Mariner Partners, New Brunswick

• Vid Cruiter, New Brunswick

• Meta, Nova Scotia

• Milk Moovement, Nova Scotia / Newfoundland

• Swarmio, Nova Scotia

• Liferaft, Nova Scotia