69 Best Startups in Toronto to Watch in 2025

The Definitive Seedtable Ranking of Startups in Toronto

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 479 start-ups with an aggregate funding of $7.5b. The average funding per company in this subset is $108.3m.

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

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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

$500.0k

Money raised

BrainStation offers full-time and part-time courses in data science, design, development, marketing, cyber security and product in New York City, Miami, London, Toronto, Vancouver, and through an Online Live platform.

Key people:

5

Funding Rounds

$236.7m

Money raised

A genetic medicine company that build data platforms using synthetic biology, artificial intelligence and genetic medicine for the development of medical therapies.

Key people:

6

Funding Rounds

$722.0m

Money raised

Cerebras is an AI company building computer systems designed to accelerate AI workflows.

Key people:

7

Funding Rounds

$165.1m

Money raised

Figment is a blockchain infrastructure and software provider.

Location:

Key people:

9

Funding Rounds

$1.5b

Money raised

Faire is a curated boutique wholesale marketplace connecting local retailers with thousands of emerging and established brands.

Location:

Key people:

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.

7

Funding Rounds

$81.3m

Money raised

Kepler Communications is a company that has a focus on satellite production and communication networks.

1

Funding Rounds

A Canadian food biotech company focused on the development of hypoallergenic peanuts

6

Funding Rounds

$83.3m

Money raised

BenchSci is a biotechnology company with a machine learning platform for researching biological compounds. It was founded in 2015 and is located in Toronto, Canada.

Location:

Key people:

5

Funding Rounds

$413.9m

Money raised

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

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.

7

Funding Rounds

$428.8m

Money raised

Aiven is a company that offers a managed open-source and multi-cloud data platform.

Location:

Key people:

1

Funding Rounds

Cryptocurrency company

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.

6

Funding Rounds

$190.7m

Money raised

Ada is a brand interaction platform that enables the automation of conversations with customers and employees via an AI-based chatbot.

5

Funding Rounds

$2.5m

Money raised

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

Key people:

4

Funding Rounds

$167.0m

Money raised

League is a digital health benefits provider.

2

Funding Rounds

$83.5m

Money raised

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.

Location:

Key people:

4

Funding Rounds

$217.0m

Money raised

Top Hat is a company founded by Mike Silagadze. Top Hat produces software aimed at increasing engagement in students. The software allows users to integrate videos and graphics and customize interactive textbooks.

2

Funding Rounds

$10.5m

Money raised

Canadian Securities Exchange is an alternative stock exchange located in Toronto, Canada founded in 2002.

6

Funding Rounds

$137.1m

Money raised

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

Location:

Key people:

4

Funding Rounds

Because Animals is a pet food and cellular agriculture technology company founded in 2016 by Shannon Falconer and Joshua Erret, and is located in Philadelphia, Pennsylvania. Because Animals makes 100% animal-free pet foods, treats, and supplements.

1

Funding Rounds

$7.0m

Money raised

A company making a device capable of disinfecting mobile devices and tools for healthcare and food processing facilities.

1

Funding Rounds

$5.0m

Money raised

ArenaX Labs is a company that specializes in game development.

Location:

Key people:

4

Funding Rounds

$53.3m

Money raised

Horizon's Sequence platform will provide a scalable Ethereum architecture for third-parties to build and launch decentralized games that are provably fair, enable true digital ownership, and that reward activity by players on the network.

1

Funding Rounds

$7.0m

Money raised

BlueDot is a Toronto-based AI company that tracks, contextualizes and anticipates infectious disease risks. Their products aim to help governments, hospitals and businesses protect employees and customers.

Key people:

1

Funding Rounds

Insight Data Science is a Palo Alto-based education startup providing post-doctoral training programs in the big data industry.

3

Funding Rounds

$65.0m

Money raised

Validere is an artificial Intelligence company founded by Nouman Ahmad.

Location:

Key people:

4

Funding Rounds

$28.8m

Money raised

InteraXon develops and produces brain-sensing technology such as the Muse headband, an EEG device that interprets mental activity and aims to help with meditation and promote calmness.

Location:

Key people:

2

Funding Rounds

$9.0m

Money raised

Artificial intelligence company specializing in big data analysis of scientific and technical literature.

2

Funding Rounds

$18.8m

Money raised

ChainSafe Systems is a blockchain company founded in 2017.

1

Funding Rounds

$115.0k

Money raised

NuraLogix is a Toronto-based company developing an affective artificial intelligence for facial blood flow information from the human face. The company was founded in 2015 by Marzio Pozzuoli and Kang Lee.

Location:

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:

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

Hojicha Co. is a Japanese roasted green tea company with offices in the US and Canada.

1

Funding Rounds

$1.1m

Money raised

Invision AI is an image recognition and video monitoring company using machine learning to analyze existing data points and improve motion detection systems. The company is headquartered in Toronto, Canada and was founded in 2015.

Location:

Key people:

4

Funding Rounds

$43.5m

Money raised

SnapTravel is an online hotel and flight booking company founded in 2016 by Henry Shi.

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

8

Funding Rounds

$99.3m

Money raised

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

Key people:

1

Funding Rounds

$200.0k

Money raised

Alkemi is a blockchain company founded in 2018 by Ryan Breen.

2

Funding Rounds

$3.3m

Money raised

Acorn Biolabs is a biotechnology company offering long-term human cell cryopreservation.

3

Funding Rounds

$23.9m

Money raised

Augmenta is a platform that automates building design for the construction industry.

3

Funding Rounds

$70.5m

Money raised

Drop is a company founded in 2015.

3

Funding Rounds

$54.5m

Money raised

Borrowell is a company founded in 2014.

4

Funding Rounds

$41.5m

Money raised

Flybits Inc. is a company that has the mission to bring meaning and wisdom to the data that surrounds every customer, inspiring them to live their lives.

Industries:

Key people:

3

Funding Rounds

$4.2m

Money raised

OpenBazaar is an open source decentralize marketplace that is run by the company OB1.

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

SpaceRyde is a company developing a launch system to carry small satellites into orbit.

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:

4

Funding Rounds

$124.1m

Money raised

Healx is a biotechnology therapeutics company for rare diseases founded in 2014 by Tim Guilliams.

Key people:

3

Funding Rounds

$45.0m

Money raised

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

2

Funding Rounds

$920.0k

Money raised

Steadiwear is a Canada-based medical device company that has designed a glove called Steadiwear to stabilize the wrist for people with essential tremor and Parkinson’s disease, to help them perform daily activities and improve independence.

Location:

Key people:

3

Funding Rounds

$8.1m

Money raised

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

Location:

Key people:

1

Funding Rounds

$12.0m

Money raised

Ratehub.ca Inc. is a free online platform for Canadians to find and compare financial products ( mortgages, credit cards, and insurance) offered by various institutions.

6

Funding Rounds

$112.6m

Money raised

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

2

Funding Rounds

$16.0m

Money raised

Skrumble Network is a communication-centric blockchain and decentralized social media application.

3

Funding Rounds

$3.6m

Money raised

Enersion has developed a revolutionary new green technology that uses heat instead of electricity to produce cooling thereby saving on electricity consumption by over 70% compared to the conventional cooling technology.

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.

2

Funding Rounds

$125.0k

Money raised

Stratum AI is a company in the mining industry

3

Funding Rounds

$170.0m

Money raised

A company that participated in the F1 cohort of Y Combinator. It provides financial services to self-employed, freelancers, independent contractors and entrepreneurs

1

Funding Rounds

A financial platform that aids users in understanding personal finances of advanced currencies, such as cryptocurrencies. It is located in Toronto, Canada and was founded in 2017.

4

Funding Rounds

$10.5m

Money raised

nanoPay is a company founded in 2012 by Laurence Cooke.

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.

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