69 Best Startups in Canada to Watch in 2024

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)

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)

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)

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)

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)

Mysa is a smart thermostat for baseboard heaters for home.

Total Raised: $22.60M

Last Funding: $20.30M (Series B)

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)

ArenaX Labs is a company that specializes in game development.

Total Raised: $5.00M

Last Funding: $5.00M (Seed)

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

Total Raised: $4.12M

Last Funding: $4.12M (Unknown)

Calendar assistant that helps increase productivity sustainably and reduces burnout.

Total Raised: $2.99M

Last Funding: $2.99M (Seed)

Platform simplifying business registration in Canada.

Total Raised: $4.49M

Last Funding: $4.49M (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)

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)

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

Total Raised: $2.10M

Last Funding: $2.10M (Unknown)

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

Total Raised: $0.53M

Last Funding: $0.53M (Pre Seed)

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)

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)

Platform that turns regular media into engaging, interactive stories.

Total Raised: $1.20M

Last Funding: $1.20M (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)

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

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

Last Funding: $0.00M (Unknown)

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

Last Funding: $0.00M (Unknown)

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

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

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

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

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

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

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.

HIVE is a Vancouver-based blockchain infrastructure company.

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

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.

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

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

Achievers is a company founded in 1995.

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

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

Kabam is a company founded in 2006 by Kevin Chou.

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

Last Funding: $0.00M (Unknown)

Tangerine Bank is a neobank based in Canada offering Personal accounts including a debit card, with all transactions being managed from an iPhone or Android application. Tangerine Bank currently accepts to open mobile bank accounts for residents of Canada.

Dapper Labs is a software developer that creates blockchain-based video games and platforms.

Cryptocurrency company

Net Solutions is a company founded in 2000.

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

Create amazing company culture, wherever your people are.

Last Funding: $0.00M (Unknown)

Svante is a Burnaby-based manufacturer of carbon capture technology to collect CO2 at its sources.

PDFTron Systems is a Vancouver-based company founded in 2023.

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

Tasktop provides companies with visibility into software portfolios and develops actionable insights for business value.

VersaPay is a Toronto-based company founded in 2006.