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 194 start-ups with an aggregate funding of $4.7b. The average funding per company in this subset is $68.3m.

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

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7

Funding Rounds

$165.1m

Money raised

Figment is a blockchain infrastructure and software provider.

Location:

Key people:

8

Funding Rounds

$251.1m

Money raised

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

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.

Location:

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

$20.9m

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:

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.

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:

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:

2

Funding Rounds

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

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

$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:

3

Funding Rounds

$51.3m

Money raised

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

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

Location:

Key people:

5

Funding Rounds

$50.5m

Money raised

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

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.

Key people:

8

Funding Rounds

$246.8m

Money raised

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

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.

1

Funding Rounds

$11.0m

Money raised

Alongside is a company founded in 2014.

3

Funding Rounds

$164.8m

Money raised

Skybox Security is a cybersecurity company working to protect users data through analysis of security sources such as firewalls and network devices and providing users a security and vulnerability analysis.

9

Funding Rounds

$344.0m

Money raised

LeddarTech is focused on the development of environmental sensing solutions for the automotive industry.

Location:

Key people:

1

Funding Rounds

$1.0m

Money raised

Mover was a software development company providing cloud file migration, including admin-led and self-service offerings. The company was acquired by Microsoft in October 2019.

2

Funding Rounds

$160.0k

Money raised

Fortuna.ai is an AI company specialized in delivering financial services for organizations.

Key people:

3

Funding Rounds

$27.5m

Money raised

Cinchy is a Toronto, Ontario-based company providing a data collaboration platform allowing users to collaborate on data in real-time, without requiring separate application databases.

3

Funding Rounds

$16.5m

Money raised

Cerebri AI is an AI company that is developing an end-to-end AI and data science platform.

3

Funding Rounds

$10.2m

Money raised

Checkfront is a company founded in 2010 by Jason Morehouse.

3

Funding Rounds

$2.1m

Money raised

Upverter is a company providing cloud-based PCB design tools for engineers. It participated in the W11 cohort of Y Combinator.

4

Funding Rounds

$32.0m

Money raised

Uberflip is a company founded in 2008 by Yoav Schwartz.

Location:

Key people:

3

Funding Rounds

$12.2m

Money raised

Breathe Life is an end-to-end SaaS platform for insurance sales.

3

Funding Rounds

$3.1m

Money raised

Giftbit is a company founded in 2011 by Leif Baradoy.

Industries:

Location:

2

Funding Rounds

$3.5m

Money raised

A software company making human resource management software for small and medium sized businesses.

3

Funding Rounds

$920.0m

Money raised

Comprehensive password manager for macos, windows, ios and android

1

Funding Rounds

$22.0m

Money raised

Thinkific allows users to create online courses and membership sites.

Location:

Key people:

1

Funding Rounds

$1.4m

Money raised

An insurance technology company offering a platform for portfolio risk management and pricing for the reinsurance industry.

5

Funding Rounds

$213.5m

Money raised

Developer of a cloud-based analytics platform designed to assist people and businesses in decision making.

4

Funding Rounds

$200.0k

Money raised

Adventure Bucket List is a company founded in 2014 by Blake Pridham.

Key people:

2

Funding Rounds

$35.9m

Money raised

Elastic Path Software is a Canada-based company founded in 2000.

1

Funding Rounds

$500.0k

Money raised

A company offering a software platform for small and medium sized business marketers.

3

Funding Rounds

$5.6m

Money raised

A company making digital asset management and marketing operations software.

Key people:

4

Funding Rounds

$1.8m

Money raised

Securicy is a company founded in 2016.

5

Funding Rounds

$48.0m

Money raised

SkyHive is an Artificial Intelligence company.

3

Funding Rounds

$70.4m

Money raised

Tulip Retail is a Canadian enterprise software company that develops products for retailers, focusing on mobile applications for store workers. The company is headquartered in Toronto, Canada with offices in Kitchener, London and New York City. Retailers using Tulip include Mulberry and Kate Spade New York.

1

Funding Rounds

$7.0m

Money raised

Lighthouse Labs is a Canadian bootcamp that teaches web development and data science.

5

Funding Rounds

$81.0m

Money raised

FundThrough helps business owners eliminate the wait associated with payment terms by giving them the power and flexibility to get their invoices paid when they want, with one click, and in as little as 24 hours. Launched in 2014 FundThrough has quickly become Canada's leading invoice funding platform, funding millions of dollars in invoices every month. FundThrough is a VC-backed company. Find out more at https://www.fundthrough.com.

Location:

Key people:

6

Funding Rounds

$3.6m

Money raised

C2RO is a Robotics SaaS Platform.

1

Funding Rounds

$4.0m

Money raised

ProteinQure is a biotechnology company using quantum computing for molecular simulations and drug discovery.

Location:

Key people:

2

Funding Rounds

$3.0m

Money raised

A company offering a platform for the development of artificial intelligence.

6

Funding Rounds

$20.5m

Money raised

Payfirma is a company founded in 2011.

1

Funding Rounds

$20.0m

Money raised

Volta is a is an early-stage tech incubator. Volta was founded in 2013 and is based in Halifax, Canada.

1

Funding Rounds

$430.0k

Money raised

SwipedOn offers a workplace management platform for businesses.

4

Funding Rounds

$47.5m

Money raised

Poka is a company founded in 2014.

1

Funding Rounds

$1.5m

Money raised

Pitstop is a Toronto, Ontario based company offering a predictive analytics platform for vehicle maintenance.

4

Funding Rounds

$15.6m

Money raised

Nudge Rewards is a company founded in 2013.

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