April 3, 2025
Activate has been recognized as the top Leisure and Entertainment company on the Financial Times list of The Americas' Fastest Growing Companies 2025, ranking 12th overall, according to a press release. The company achieved this recognition with a 209% compounded annual growth rate between 2020 and 2023, as determined by the Financial Times and Statista.
"Activate's rating as the #1 in Leisure and Entertainment solidifies our place as a leader in the modern entertainment industry," Adam Schmidt, CEO of Activate, said in the release. "This achievement reflects our team's dedication, our players' enthusiasm for the brand, our commitment to innovation, and our passion for delivering an unparalleled gaming experience to millions of players worldwide."
The ranking, which analyzed thousands of companies, highlights the 300 fastest-growing companies in North and South America. Activate, known for its immersive, high-tech gaming experiences, has expanded rapidly since its 2017 launch, now operating over 40 locations globally. The company plans to open 200 more locations in the next decade, with upcoming expansions in Europe and the Middle East. Activate also recently earned the top position as Canada's fastest-growing entertainment business in The Globe and Mail's Top Growing Companies 2024.