SalesCloser Technologies begins trading with over C$2M in annual recurring revenue and 6x growth
A Vancouver-based artificial intelligence company has completed its public listing on the TSX Venture Exchange, bringing to market one of the few AI companies with measurable revenue and customer traction. SalesCloser Technologies Ltd. (TSXV: SCAI)* commenced trading on the TSX Venture Exchange on April 9, 2026, following the completion of a qualifying transaction with G2M Cap Corp.
AI That Runs the Sales Conversation
In a market crowded with AI chatbots and lead generation tools, SalesCloser has staked out distinct territory: the Company’s platform deploys AI-powered virtual sales agents that conduct actual sales conversations across voice, video, and digital channels. These aren’t simple FAQ bots – they’re AI agents capable of running discovery calls, product demonstrations, follow-ups, and meeting scheduling in 32 languages, operating around the clock and integrating directly with existing CRM systems.
The value proposition centers on a problem familiar to any sales organization. According to the Company’s materials, the average sales team responds to fewer than half of its inbound leads in time, with revenue leaking in the gap between buyer intent and human response. SalesCloser’s AI agents fill that gap, augmenting or replacing expensive sales headcount with software that scales infinitely.
Growth Metrics and Market Position
According to the Company’s announcements, SalesCloser achieved Annual Recurring Revenue exceeding C$2.1 million as of the March 2026 transaction closing, up from approximately C$0.3 million at the beginning of 2025. That represents over six-fold growth and the business now serves nearly 300 customers with over 5,800 AI agents deployed in the field.
The Company operates as a subscription SaaS business with high target gross margins. At approximately C$27 million in market capitalization, SalesCloser is currently trading at roughly 13 times its previously reported annual recurring revenue. The Company raised C$5.45 million in an oversubscribed concurrent financing at C$0.75 per share in connection with its qualifying transaction.
For context, some publicly traded SaaS companies with AI components in U.S. markets have historically commanded revenue multiples in some cases reaching an estimated 50x or higher, with high-growth AI companies often trading between approximately 20x and 40x annual recurring revenue, as noted in a report by eqvista. High-growth AI and enterprise SaaS companies in public markets often trade in elevated valuation ranges, with established leaders commanding multiples of 20x to 56x revenue depending on growth rates and market position, though individual multiples vary significantly based on growth rates, market position, and profitability metrics.
Eyeing A $98 Billion Market
SalesCloser is positioning itself within the rapidly expanding AI agents market, which industry research projects will grow from approximately $7 billion in 2025 to $93 billion by 2032 – representing a 44.6% compound annual growth rate. The Company’s differentiation lies in its focus on the execution layer – the actual sales conversation – rather than the increasingly commoditized lead generation space where competitors like Apollo.io and 11x.ai operate. With a growing portfolio of patent applications focused on AI-driven conversational workflows, the Company is also building infrastructure that is aimed at enterprise adoption.
Wishpond Technologies Ltd. (TSXV: WISH), which spun out SalesCloser to create the standalone public entity, retained approximately 63.3% ownership following the transaction, with the remaining approximately 36.7% representing the public float. SalesCloser Founder and CEO Ali Tajskandar, commented on the listing: “As a public company, we look forward to accelerating our expansion, advancing our technology, and continuing to deliver value to our customers and shareholders.”
The Company now trades on the TSX Venture Exchange under ticker SCAI.
Latest News from SalesCloser:
SalesCloser Technologies Announces Listing on the Frankfurt Stock Exchange
SalesCloser Expands Leadership Team as Company Enters Next Phase of Growth
SalesCloser Announces Commencement of Trading on the TSX Venture Exchange
The SalesCloser business is subject to risks and uncertainties, including those described in SalesCloser’s public filings available under its profile on SEDAR+ at www.sedarplus.ca.
* IMPORTANT NOTICE AND DISCLAIMER: This article is sponsored by SalesCloser Technologies Ltd. (“SalesCloser”) and has been prepared and disseminated on its behalf by Wall Street Wire. Wall Street Wire is a media and publishing house that produces sponsored content featuring issuers primarily in North America. Accordingly, this article should be considered promotional in nature and not independent research or analysis. This article is for informational and educational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. The information contained herein is based on publicly available sources, including prior press releases and filings of SalesCloser, and has not been independently verified. Certain statements in this article may constitute forward-looking information within the meaning of applicable securities laws. Such statements involve risks and uncertainties, and actual results may differ materially. Readers should not place undue reliance on such statements. This article references certain non-GAAP financial measures, including Annual Recurring Revenue (ARR), based on the announcements of the Company, however these do not have standardized meanings under IFRS and may not be comparable to similar measures used by other issuers. Readers are encouraged to review SalesCloser’s public filings available on SEDAR+ and official news releases for full details, including definitions and related disclosures. Investing in securities involves risk, and readers should conduct their own due diligence and consult with a qualified financial advisor before making any investment decisions. For additional disclosure information, please visit: https://wallstwire.ai/disclosures