The Canadian economy is projected to grow by 3.8% in 2022. Its economy is dominated by a strong service industry and abundance of natural resources. Canada ranks 4th in the Global Startup Ecosystem Index. With its market oriented economic system, high standards of living, proximity to the US, and native English language make the country an attractive place for foreign talent. The country has helped a number of local startups to expand nationally and launch their development across the world. Canada is home to more than 60 university-led incubator and accelerator programs that are pushing innovation forward and creating a new generation of entrepreneurs.
The Startup Visa Program introduced by the government grants Canadian permanent residence to qualified immigrant entrepreneurs. The program aims to recruit innovative entrepreneurs to Canada and link them with the Canadian private sector businesses, angel investor groups, venture capital funds or business incubators and facilitates the establishment of their startup business in the country. Angel investors are actively investing in Canadian startups. We have also compiled a list of active angel investors who are spreading Canada’s tech renaissance.
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List of Top 25 Startups in Canada
1. Ada
Ada is a computer software company that features a chat-bot based platform that helps enterprise businesses to automate customer experience. Its platform operates through both web and mobile machine learning engines that reduces support volume and empowers customers to find answers on their own.
Industry: Artificial Intelligence, Machine Learning.
Founders: Mike Murchison
Total Funding: $190.6M
Founded Date: 2016
2. ApplyBoard
ApplyBoard is an online platform that empowers students around the world to access the best education by connecting international students, recruitment partners, and academic institutions on its platform. To date, the company has assisted more than 200,000 students with their educational journey.
Industry: Ed-Tech, Education.
Founders: Martin Basiri, Massi Basiri, Meti Basiri.
Total Funding: $483.5M
Founded Date: 2015
3. Integrate.ai
Integrate.ai provides a SaaS solution to large scale data and software platforms to enable privacy-safe sharing across their customers. The company’s unique trusted signals technology uses advanced machine learning and privacy preserving methods to transfer learning between data sets to improve machine learning model performance safely and effectively.
Industry: Artificial Intelligence, Machine Learning.
Founders: Steve Irvine.
Total Funding: $49.6M
Founded Date: 2017
4. RVezy
RVezy is a top rated RV rental marketplace, providing outdoor enthusiasts with a safe and affordable way to rent unique and authentic RVs from private owners. As an owner first platform, RVezy has empowered thousands of RV entrepreneurs to share their passion and earn additional income when their RVs are not in use.
Industry: E-Commerce, Travel.
Founders: Michael McNaught, Tomas Kolafa.
Total Funding: $19M
Founded Date: 2016
5. Precision.ai
Precision AI was founded in 2017 with headquarters in Regina, Saskatchewan. Precision AI is on a mission to accelerate artificial intelligence based farming practices to create healthier, happier, and more profitable farms. By leveraging its advanced drones and custom-built AI technology, they can take crop production decisions from a whole field to an individual plant level.
Industry: Artificial Intelligence
Founders: Daniel McCann.
Total Funding: $20M
Founded Date: 2018
6. League
League is a technology-focused health company powering the digital transformation of healthcare. Employers, payers, pharmacy retailers and healthcare providers use its award-winning platform to deliver integrated and personalized health experiences that drive consumer engagement.
Industry: Healthcare.
Founders: Michael Serbinis
Total Funding: $76.1M
Founded Date: 2014
7. Wingocard
Wingocard is on a mission to empower teens and young adults to become financially savvy from early on in their lives. It aims to build a collaborative banking app for teens and their parents that’s linked to a Visa debit card. The Wingocard app allows parents to transfer money to their teens and keep an eye on how they spend it. Both teens and parents can work together to set saving goals, learn about personal finance, and understand how the money is spent.
Industry: Fin-Tech.
Founders: Mehdi Mehni, Salvatore D’Agostino, Sebastien Brault.
Total Funding: $1.7M
Founded Date: 2019
8. Delphia
Delphia is the world’s first investment adviser to allow people to invest their data alongside their money in order to improve their investment returns. Delphia is able to forecast the growth and profitability for thousands of companies simultaneously through a series of machine learning models.
Industry: Artificial Intelligence, Fin-Tech.
Founders: Andrew Peek, Cameron Westland, Jonathan Briggs.
Total Funding: $19.5M
Founded Date: 2018
9. Maple
Maple is a virtual care platform that allows Canadians to see a doctor online within minutes — 24 hours a day, seven days a week. Patients can securely text, audio, or video chat with a Canadian-licensed doctor for diagnosis, treatment, and prescriptions. Maple also offers a wide variety of specialties such as dermatology, endocrinology, and mental health therapy, which can be booked in under 72 hours.
Industry: Health Care, Information Technology.
Founders: Brett Belchetz, Roxana Zaman, Stuart Starr.
Total Funding: $71.7M
Founded Date: 2015
10. LIVEKINDLY
LIVEKINDLY is a news and media platform focusing on food, health, sustainable living, and cruelty-free beauty. They build a home for informative and thought-provoking content, focusing on sustainable and compassionate living. The platform transforms the global food system by partnering with forward-looking poultry production companies.
Industry: Broadcasting, News.
Founders: Jodi Monelle
Total Funding: $1.1M
Founded Date: 2017
11. KOHO Financial
KOHO Financial provides an application based banking platform intended to simplify financial products available to everyone. Its platform helps users to complete their day to day banking operations while offering tools such as goals, cash flow projections, group spending, spending insights, and categorizations, enabling users to manage their expenses and banking operations on the go.
Industry: Fin-Tech.
Founders: Daniel Eberhard, Jonathan Bixby, Joshua Bixby, Mike Benna.
Total Funding: $113.4M
Founded Date: 2014
12. Dapper Labs
Dapper Labs was founded in 2018 by Dieter Shirley, Mack Flavelle and Roham Gharegozlou. It is a consumer-focused Flow blockchain product made for fun and games and supports digital collectibles. Dapper Labs builds products tailored to the user and ensures that items of value to you are decentralized.
Industry: Blockchain.
Founders: Dieter Shirley, Mack Flavelle, Roham Gharegozlou.
Total Funding: $607.5M
Founded Date: 2018
13. Deep Genomics
Deep Genomics is using artificial intelligence to build a new universe of life-saving genetic therapies. At Deep Genomics, its geneticists, molecular biologists and chemists develop new ways of detecting and treating disease using its biologically accurate artificial intelligence technology.
Industry: Artificial Intelligence, Biotechnology.
Founders: Andrew Delong, Brendan Frey, Hui Yuan Xiong.
Total Funding: $236.7M
Founded Date: 2014
14. Intelligent Haptronic Solutions
Intelligent Haptronic Solutions (IHS) is a medical robotics startup, focused on developing industry-leading simulation solutions with robust haptic feedback and lifelike virtual elements for surgical training applications. Founded by a team of researchers and engineers, and built on strong clinical and institutional partnerships, it leverages advanced haptics, virtual reality (VR), artificial intelligence (AI), and cloud technology to solve complex training environments.
Industry: Healthcare, Artificial Intelligence.
Founders: Zhouming
Total Funding: $5M
Founded Date: 2017
15. PreVu3D
PreVu3D is a Montreal based startup company that is reimagining the way we experience physical spaces. It is a solution that will enable users to save time and money on your worksites, cut operation costs, and is a truly revolutionary approach for the industrial world.
Industry: 3D Technology, Internet.
Founders: Nicholas Morency.
Total Funding: $2M
Founded Date: 2017
16. Blueprint Reality
Blueprint Reality was formed to capitalize on the rapidly expanding marketplace of Virtual Reality (VR) and Augmented Reality (AR). Their mission at Blueprint Reality is to create tangible, fantastical games and experiences that transport people beyond their world.
Industry: Computer, Software.
Founders: Ben Sheftel, Tarrnie Williams.
Total Funding: $2M
Founded Date: 2016
17. MILLIONS.co
MILLIONS is a powerful end-to-end social e-commerce and interactive video platform for professional athletes to sell custom branded merchandise and connect with millions of sports fans around the world. MILLIONS.co combines the power of social media, personalized video interactions, and e-commerce on a single platform.
Industry: E-Commerce.
Founders: Adrian Salammunovic, Brandon Austin, Matt Whittekar.
Total Funding: $10M
Founded Date: 2021
18. Angel Host
Angel Host is a technology-driven, human-first, marketing and guest communication company that serves the needs of property owners and property managers in the short-term and vacation rental industry. It creates and integrates advanced tech solutions and proprietary revenue algorithms coupled with a genuine human connection to deliver outstanding results.
Industry: Property Management, Real Estate.
Founders: Eduardo Mandri, Veronique Lalonde.
Total Funding: $5.2M
Founded Date: 2018
19. LearnExperts
LearnExperts was founded in 2019 by Sarah Sedgman. It is developers of a creator platform that achieves rapid course creation through artificial intelligence. The LearnExperts Artificial Intelligence (LEAi) platform helps users rapidly develop courses to kick start their training program, onboard people sooner, and grow revenue.
Industry: Artificial Intelligence.
Founders: Sarah Sedgman.
Total Funding: $1.3M
Founded Date: 2019
20. Paperstack
Paperstack is a platform that helps freelancers, solopreneurs, contractors, and gig workers with incorporation, bookkeeping, and tax filing. Users can register their business, automate monthly bookkeeping, and file taxes with one click – from the convenience of their browser.
Industry: Fin-Tech, Information Technology.
Founders: Assel Beglinova, Vadim Lidich.
Total Funding: $250K
Founded Date: 2020
21. Locketgo
Locketgo provides an innovative solution to facilitate both parcel and food deliveries through its new smart locker network. Its mission is to improve logistics for deliveries and temporary personal storage. It offers secure, contactless, and automated holding spaces for parcels, sold goods, and personal goods.
Industry: Logistics.
Founders: Catherine D’avril, Catherine Sarrazin, Gabrielle La Rue.
Total Funding: $1.3M
Founded Date: 2016
22. Virogin Biotech
Virogin Biotech is a biotechnology company, founded in 2015. It aims to be a global, best-in-class oncolytic virus company that creates impactful drugs for patients of the highest medical need. Virogin Biotech has more than 25 years of experience in fundamental research, translational and clinical development of immunotherapy & oncolytic virotherapy.
Industry: Biotechnology, Healthcare.
Founders: Chris Huang, William Jia.
Total Funding: $204M
Founded Date: 2015
23. Ample Organics
Ample Organics is an information technology company that offers enterprise seed-to-sale inventory software for the cannabis industry. The company was founded in 2014 and based in Toronto, Ontario. Its seed-to-sale platform operates in four countries and has been adopted by the majority of Canada’s licensed producers.
Industry: Enterprise Software.
Founders: John Prentice.
Total Funding: $1.8M
Founded Date: 2014
24. Swift Medical
Swift Medical is the world leader in digital wound care management, delivering advanced wound care visualization and touchless 3D measurement through its smartphone-ready Swift Skin and Wound software. Swift’s enterprise-grade solution streamlines clinical and administrative wound care management workflows, from image capture and automatic risk scoring to assessment scheduling and claims submission.
Industry: Healthcare.
Founders: Carlo Perez, Edwin Liang
Total Funding: $48.1M
Founded Date: 2015
25. Borrowell
Borrowell is a Canadian company dedicated to making financial stability possible for everyone. The first to offer free credit scores, Borrowell provides education, monitoring, innovative digital tools and personalized product recommendations to help people feel in control and optimistic about their financial future.
Industry: Artificial Intelligence, Fin-Tech.
Founders: Andrew Graham, Eva Wong.
Total Funding: $92M
Founded Date: 2014