69 Best Software Startups in Canada to Watch in 2025

The Definitive Seedtable Ranking of Software Startups in Canada

We track 71,000+ companies and rank them dynamically using our Seedtable Score – a score that uses quantitative and qualitative data points to signal the momentum behind a company. We then monitor the list manually leveraging our expertise as founders and investors.

There are 405 start-ups with an aggregate funding of $6.0b. The average funding per company in this subset is $87.3m.

Last update to the database: Feb 18, 2025. See changelog.

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9

Funding Rounds

$570.0m

Money raised

Dialpad is a San Francisco-headquartered business communications platform company.

1

Funding Rounds

$9.0m

Money raised

Tendermint is now Ignite. Tendermint was the core contributor to the Cosmos blockchain network.

Key people:

1

Funding Rounds

$60.0m

Money raised

7

Funding Rounds

$165.1m

Money raised

Figment is a blockchain infrastructure and software provider.

Location:

Key people:

6

Funding Rounds

$21.8m

Money raised

A software company offering a low-code development platform for creating mobile business forms.

1

Funding Rounds

$1.0m

Money raised

Applied Voice & Speech Technologies, Inc. (AVST) is a privately held software company headquartered in Orange County, California. It specializes in developing business communications solutions focusing on medium to large enterprise, government, higher education, healthcare, and hospitality markets.

4

Funding Rounds

$165.0m

Money raised

Elastic is a software company that creates products for searching for information on the Internet. It was founded in 2012 and is headquartered in San Francisco and Amsterdam.

8

Funding Rounds

$251.1m

Money raised

H2O.ai is the creator of H2O, an open-source machine learning and artificial intelligence platform.

2

Funding Rounds

$2.5m

Money raised

Tanaza is a Milan-based software company developing a cloud platform for IT professionals to manage Wi-Fi networks.

8

Funding Rounds

$474.5m

Money raised

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

1

Funding Rounds

Doxim is a Markham, Ontario-based customer communications and engagement technology software development company focused on providing omnichannel communications and payment solutions for the financial services industry.

3

Funding Rounds

$168.5m

Money raised

D2L is a provider of elearning solutions founded by John Baker that uses the Brightspace learning management platform.

8

Funding Rounds

$362.8m

Money raised

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

4

Funding Rounds

$163.9m

Money raised

Celestial AI is a machine learning (ML) accelerator company developing the Photonic Fabric platform, an optical interconnect technology for memory and compute.

2

Funding Rounds

$16.3m

Money raised

Mimik is a developer of hybrid edge cloud computing applications.

6

Funding Rounds

$39.6m

Money raised

Multiverse Computing is a Spanish startup developing quantum and AI business solutions.

Location:

Key people:

5

Funding Rounds

$77.8m

Money raised

Wave Financial is a Toronto-based financial services and accounting software company.

5

Funding Rounds

$2.5m

Money raised

A company offering a platform for privacy and security for quantum cloud computing.

Key people:

8

Funding Rounds

$204.9m

Money raised

A company that has designed software with scheduling and communication tools for restaurants. It was founded in 2014 and is located in Saskatoon, Ontario.

4

Funding Rounds

$32.5m

Money raised

Kaloom is a Canadian company making cloud-native network software for edge data centers.

Key people:

6

Funding Rounds

$137.1m

Money raised

Xanadu is a company developing quantum computing and artificial intelligence technologies.

Location:

Key people:

3

Funding Rounds

$31.3m

Money raised

A software company with a platform for insights into aquaculture and how it affects the seafood industry. It was founded in 2012 and is located in Quebec, Canada.

2

Funding Rounds

$9.3m

Money raised

Novisto provides an ERP platform for companies to aid them with ESG strategy, data, and reporting.

5

Funding Rounds

$34.2m

Money raised

A quantum computing software company that partners with industry and academia to build computer applications that can improve with advances in both quantum and classical computing. The company’s mission is to apply computation breakthroughs to machine intelligence and optimization science using their hardware-agnostic software platform.

Location:

Key people:

10

Funding Rounds

$138.6m

Money raised

Mojio is the leading open platform for connecting cars and providing an expanding marketplace of apps and services that provide accurate, near real-time information about what's happening under the hood.

1

Funding Rounds

$17.0m

Money raised

A software company that makes a cloud-based design review and issue tracking platform, specifically for manufacturing teams. The company was founded in 2017 and is located in St. John's, Newfoundland and Labrador, Canada.

Key people:

3

Funding Rounds

$3.5m

Money raised

Kiite is a company making a knowledge management platform founded by Derek Hall, Joseph Fung and Donna Litt.

Key people:

5

Funding Rounds

$32.2m

Money raised

Procurify was developed to streamline purchases, give spending reports and visibility throughout the purchasing process.

Key people:

1

Funding Rounds

Wisdom is a software as a service company.

3

Funding Rounds

$28.2m

Money raised

A company that has created a platform where voice speakers, like Alexa or Siri, can be designed and launched without the user needing knowledge of coding. It was founded in 2018 and is located in San Francisco, California.

Key people:

5

Funding Rounds

$81.0m

Money raised

Bench is a company founded in 2012 by Jordan Menashy, Pavel Rodionov, Adam Saint and Ian Crosby.

4

Funding Rounds

$83.0m

Money raised

Klue is a Vancouver-based artificial intelligence company offering a competitive enablement platform that automates the collection of competitor and market intelligence.

Location:

Key people:

1

Funding Rounds

42 Technologies Inc. is a cloud-based business-to-business predictive analytics platform for retailers. It consolidates point of sale data to allow retailers to leverage data across various platforms and more easily identify key trends among customers and sales.

2

Funding Rounds

$13.7m

Money raised

Shabodi offers an application enablement platform (AEP) for enterprises, system integrators, and telecommunication providers, allowing them to build custom applications on advanced LTE and 5G networks.

Location:

Key people:

9

Funding Rounds

$1.0b

Money raised

Vena Solutions is intuitive budgeting, planning and revenue forecasting software for medium to large sized organizations. Vena embraces Microsoft Excel and turns it into an enterprise cloud solution with a centralized database, sophisticated workflow, powerful reporting and advanced analytics. Unlike traditional software that replaces Excel with rigid, hard-to-use applications with a steep learning curve, Vena is the easiest way for finance and sales professionals to get trusted numbers and insights - fast. Visit us on Twitter: www.twitter.com/venasolutions and Facebook: https://www.facebook.com/venasolutions

2

Funding Rounds

Quantum Benchmark is a company that is developing quantum software solutions for overcoming quantum computing errors.

3

Funding Rounds

$2.7m

Money raised

CounterPath Corporation is a Vancouver-based company founded in 2002.

8

Funding Rounds

$99.3m

Money raised

Hootsuite is a social network management platform created to interact, listen and analyze results.

Key people:

6

Funding Rounds

$6.8m

Money raised

Venzee is a software development company based in Vancouver, Canada. The company offers a cloud-based AI platform for online retailers and vendors.

6

Funding Rounds

$18.0m

Money raised

Plotly is an online analytics and data visualization tool founded in 2013 by Christopher Parmer, Matthew Sundquist and Jack Parmer.

4

Funding Rounds

$12.2m

Money raised

BluWave-ai is an Ottawa-based developer of software-as-a-service applications for optimization of sustainable and affordable energy systems and decisions.

Location:

Key people:

6

Funding Rounds

$29.0m

Money raised

Foodee is a company founded in 2010 by Jon Cartwright, Dario Meli, David Tedman and Ryan Spong.

Location:

Key people:

4

Funding Rounds

$386.0m

Money raised

Industries:

1

Funding Rounds

$100.0k

Money raised

Terrene is an artifical intelligence company founded by Kash (Khashayar) Pourdeilami, Francois le Roux and Cameron Mills.

3

Funding Rounds

$39.3m

Money raised

Unbounce provides a landing page building platform for businesses.

2

Funding Rounds

$20.4m

Money raised

A company providing the digital infrastructure for distributing earth observation data and derived intelligence.

1

Funding Rounds

NetraMark is a Toronto-based machine learning software company founded by Joseph Geraci in 2015.

6

Funding Rounds

$64.5m

Money raised

Tealbook empowers procurement teams with a platform that leverages advanced AI to deliver better visibility, increased accuracy and effortless analytics across the supplier base.

1

Funding Rounds

$20.0m

Money raised

Resolver's Integrated Risk Management platform helps plan and prepare your organization to limit the likeliness or impact of security risk and compliance events from occurring.

5

Funding Rounds

$31.0m

Money raised

Humi is a Toronto, Ontario-based company offering an HR, payroll, benefits, and insurance platform.

Location:

Key people:

1

Funding Rounds

$437.5k

Money raised

Farmers Edge is a Winnipeg-based company founded in 2005 by Wade Barnes.

3

Funding Rounds

$45.0m

Money raised

Rubikloud is an AI-based retail analytics company. The company was acquired by Kinaxis in July 2020.

3

Funding Rounds

$51.3m

Money raised

Issuu is a company founded in 2006 by Martin Ferro-Thomsen, Ruben Bjerg Hansen and Michael Hansen.

3

Funding Rounds

$8.1m

Money raised

A company using quantum computing and machine learning to design proteins.

Location:

Key people:

4

Funding Rounds

$1.4m

Money raised

A software company offering a platform for improving the psychological skills of employees.

6

Funding Rounds

$112.6m

Money raised

ecobee is a Toronto-based developer of WiFi enabled thermostats for residential and commercial applications.

8

Funding Rounds

$115.8m

Money raised

Certn is a British Colombia-based company developing a data platform that helps businesses perform comprehensive background checks and ongoing risk monitoring on employees and contractors around the world.

Key people:

1

Funding Rounds

$250.0k

Money raised

Mission Control Space Services is a company that develops spacecraft operations, onboard autonomy, artificial intelligence, space exploration, and robotics

1

Funding Rounds

$35.0m

Money raised

Peak Power is the developer of an AI-based energy optimization software designed to serve building owners, project developers, and utilities.

3

Funding Rounds

$9.5m

Money raised

Talkwalker is a social media analytics and monitoring tool.

5

Funding Rounds

$50.5m

Money raised

A company offering a platform for delivering fast and dependable internet connections.

1

Funding Rounds

$7.3m

Money raised

An insurance technology company offering artificially intelligent drone software managements systems for insurance companies.

4

Funding Rounds

$36.4m

Money raised

PartnerStack (formerly GrowSumo) enables companies to leverage partnerships in order to grow revenue, increase distribution, and go to market quicker and more efficiently. The fastest growing software companies in the world like Asana, Drift, Freshworks, and Intuit use PartnerStack to power their reseller, marketing, and referral partner programs.

3

Funding Rounds

$31.4m

Money raised

Scytl develops secure electronic voting and electoral modernization solutions for the public and private sectors.

8

Funding Rounds

$246.8m

Money raised

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

1

Funding Rounds

$3.8m

Money raised

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

3

Funding Rounds

$56.0m

Money raised

Igloo Software is a collaboration and knowledge management software platform founded in 2008 by Dan Latendre.

6

Funding Rounds

$38.3m

Money raised

Algolux is a company founded by Allan Benchetrit and Felix Heide.

2

Funding Rounds

$4.2m

Money raised

A software company using artificial intelligence and organizational psychology to create a human resources platform for talent acquisition.

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