69 Best Startups in Toronto to Watch in 2024

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)

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

Total Raised: $435.00M

Last Funding: $125.00M (Series B)

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)

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)

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)

Quandl is a Toronto-based company founded in 2009.

Total Raised: $12.00M

Last Funding: $12.00M (Series B)

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

Total Raised: $37.70M

Last Funding: $12.00M (Series D)

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)

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)

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)

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: $0.63M (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)

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

Last Funding: $0.00M (Unknown)

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

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

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

Looka is a company founded in 2016.

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

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

Sylidra is a company founded in 2016.

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

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.

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

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

Last Funding: $0.00M (Unknown)

Net Solutions is a company founded in 2000.

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.

Cryptocurrency company

Create amazing company culture, wherever your people are.

Last Funding: $0.00M (Unknown)

Financeit is a company founded in 2011.

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

VersaPay is a Toronto-based company founded in 2006.

Bitbuy is a company founded in 2016 by Jordan Anderson.

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