69 Best Startups in Canada to Watch in 2024

EnviCore is an R&D company that specializes in developing technologies that are essential for improving natural resource development.

Total Raised: $304.75M

Last Funding: $304.75M (Seed)

Trulioo is a Vancouver-based company offering an electronic identity verification platform.

Total Raised: $465.96M

Last Funding: $2.00M (Seed)

Axelar is a universal interoperability platform that connects blockchains through a decentralized network and an SDK of protocols and APIs.

Total Raised: $60.00M

Last Funding: $35.00M (Series B)

Neo Financial is a Calgary-based financial technology company founded in 2019.

Total Raised: $228.70M

Last Funding: $145.00M (Series C)

Cohere is a Canadian company providing large language models (LLMs) for developers and enterprise.

Total Raised: $435.00M

Last Funding: $125.00M (Series B)

Heliene Inc has developed technology to make solar power more reliable and affordable.

Total Raised: $54.00M

Last Funding: $54.00M (Unknown)

Entosystem uses innovative insect farming technologies to position themselves as a dominant player in the circular agriculture economy.

Total Raised: $58.00M

Last Funding: $58.00M (Unknown)

The highest resolution hyperspectral imagery of Earth from space.

Total Raised: $10.50M

Last Funding: $6.00M (Unknown)

FreshBooks is a Toronto-based developer of cloud-based accounting software for businesses and individuals.

Total Raised: $153.75M

Last Funding: $80.75M (Series E)

Ecomtent is a Techstars-backed company that enables brands to create optimised product listings with Generative AI. Using Ecomtent's self-service tool, customers can: Generate beautiful product lifestyle

Total Raised: $0.85M

Last Funding: $0.85M (Pre Seed)

Planetary is on a mission to fight climate change by helping the ocean remove carbon dioxide from the atmosphere.

Total Raised: $11.35M

Last Funding: $11.35M (Series A)

Tenstorrent is a Canadian artificial intelligence and machine learning technology company specializing in AI architectures focused on scalable deep learning and adaptability.

Total Raised: $234.05M

Last Funding: $200.00M (Series C)

Docker provides an open-source project for deploying applications inside software containers.

Total Raised: $219.90M

Last Funding: $105.00M (Series C)

runQL is a smart query tool designed to assist data professionals in writing queries quickly.

Total Raised: $1.17M

Last Funding: $1.17M (Pre Seed)

Flora is the first to provide individually owned insurance for fertility and women's health.

Total Raised: $1.11M

Last Funding: $1.11M (Pre Seed)

Morgan Solar is a Toronto-based provider of low-cost solar power applications.

Total Raised: $24.70M

Last Funding: $16.50M (Series B)

Wealthsimple is a Toronto-based robo-advisor founded by Mike Katchen.

Total Raised: $62.60M

Last Funding: $37.00M (Series B)

Rivercity Innovations are experts in LoRa and cellular IoT solutions, specializing in Cold Chain Monitoring and GPS tracking.

Total Raised: $2.00M

Last Funding: $2.00M (Unknown)

Designer of battery-powered electric bikes. the company designs movable lithium battery based bikes.

Total Raised: $15.00M

Last Funding: $15.00M (Series B)

D2C ad-subsidised payments network (ASPN).

Total Raised: $128.00M

Last Funding: $128.00M (Debt Financing)

Quandl is a Toronto-based company founded in 2009.

Total Raised: $12.00M

Last Funding: $12.00M (Series B)

Waabi is a Toronto-based developer of self-driving technology, including an artificial intelligence-based driverless system and a simulation system to train the AI driver.

Total Raised: $83.50M

Last Funding: $83.50M (Series A)

Quickplay Media is a Toronto-based cloud computing company founded in 2019.

Total Raised: $37.70M

Last Funding: $12.00M (Series D)

CRM platform for consultants in the direct sales industry.

Total Raised: $5.16M

Last Funding: $4.76M (Seed)

Mysa is a smart thermostat for baseboard heaters for home.

Total Raised: $22.60M

Last Funding: $20.30M (Series B)

ArenaX Labs is a company that specializes in game development.

Total Raised: $5.00M

Last Funding: $5.00M (Seed)

A visual search and 3D real-world product recognition platform.

Total Raised: $3.75M

Last Funding: $3.75M (Seed)

Calendar assistant that helps increase productivity sustainably and reduces burnout.

Total Raised: $2.99M

Last Funding: $2.99M (Seed)

Intelligent Process Automation for Asset-Based Lenders, Commercial Factors, and Accelerated Payment Programs.

Total Raised: $4.12M

Last Funding: $4.12M (Unknown)

Flow is a blockchain built to support games, apps, and digital assets.

Total Raised: $21.50M

Last Funding: $21.50M (Unknown)

Leading online platform on a mission to revolutionize the way intermodal shipping containers are traded, transported, and used.

Total Raised: $2.70M

Last Funding: $2.70M (Unknown)

Platform simplifying business registration in Canada.

Total Raised: $4.49M

Last Funding: $4.49M (Unknown)

Automotive technology scanning cars for automatic parking enforcement and damage documentation using autonomous robots.

Total Raised: $2.00M

Last Funding: $2.00M (Unknown)

Platform connecting homeowners with home service providers based on real-time proximity and availability.

Total Raised: $3.61M

Last Funding: $3.61M (Unknown)

gentle process of dehydration involves blowing warm air across ingredients to remove the moisture content and preserve the food.

Total Raised: $2.60M

Last Funding: $2.60M (Unknown)

Online platform for ordering food from local restaurants for delivery or pickup.

Total Raised: $0.53M

Last Funding: $0.53M (Pre Seed)

Software design firm that creates user-friendly and efficient applications.

Total Raised: $2.10M

Last Funding: $2.10M (Unknown)

Wellness company manufacturing and marketing vaginal comfort and health-focused condoms.

Total Raised: $0.75M

Last Funding: $0.75M (Pre Seed)

Platform for workplace wellbeing that supports corporate health engagement.

Total Raised: $0.63M

Last Funding: $0.00M (Unknown)

Indoor location platform designed to improve real estate utilization, drive operations, and improve public safety.

Total Raised: $1.09M

Last Funding: $1.09M (Unknown)

Platform that turns regular media into engaging, interactive stories.

Total Raised: $1.20M

Last Funding: $1.20M (Unknown)

Manifold is a Vancouver-based company focusing on tools and products for NFT creators and communities.

Platform providing global payment solutions, including Virtual Mastercards and foreign employee payments.

Last Funding: $0.00M (Unknown)

Tool for creating easy and eye-catching medical infographics online.

Last Funding: $0.00M (Unknown)

Klipfolio is a data analytics and visualization platform provider offering business intelligence dashboards based on specific data profiles.

Lugg is a mobile app for on-demand, small moves.

Ontario Teachers' Pension Plan is a Toronto-based pension fund company founded in 1989.

Delphia is a Toronto-based artificial intelligence company that was founded in 2017.

Sierra Wireless is a Richmond, British Columbia-based company founded in 1993 by John Daly.

Looka is a company founded in 2016.

Alteryx is an end-to-end analytics platform for data scientists and analysts.

Yulio VR is a Toronto-based developer of virtual reality for design teams.

Sylidra is a company founded in 2016.

Biconomy is a cryptocurrency exchange registered in Canada and it has been up and running since 1 October 2019.

Kinaxis is a company providing supply chain solutions using a combination of human and artificial intelligence.

HIVE is a Vancouver-based blockchain infrastructure company.

LayerZero is an omnichain interoperability protocol that unites decentralized applications (dapps) across disparate blockchains

BWX Technologies is a company that is a supplier of nuclear components and fuel to the United States government

Rumble is a web and video hosting service founded in 2013. The site mainly hosts conservative political content.

Achievers is a company founded in 1995.

A visual search and 3D real-world product recognition platform.

Shopify is an Ottawa-based cloud-based, multi-channel commerce platform designed for small and medium-sized businesses, founded in 2004 by Tobias Lütke.

NBA Top Shot is an NFT marketplace platform for owning plays made in basketball games.

Kabam is a company founded in 2006 by Kevin Chou.

Durable is a Canada-based company developing a platform that utilizes AI to build websites.

Gadget is an Ottawa-based company founded in 2020 by harry brundage.

Platform that precisely tracks people's movements in and around physical spaces.

Last Funding: $0.00M (Unknown)