Canada's startup scene is a mix of different industries, from AI to enterprise software. Travel app Hopper leads the pack with over $729 million in total funding.
Other major players include identity verification company Trulioo and software firm Valsoft, which have both raised over $400 million. The list also features newer companies like Moonvalley, an AI video startup that secured $154.1 million in its seed round.
Below is our list of 100 Canada startups worth keeping an eye on.
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Get the Sheet for $50Valsoft specializes in acquiring and growing software companies that operate within niche vertical markets. The firm follows a buy-and-hold strategy, providing a permanent home for these businesses while fostering their continued development.
| Headquarters | Montréal, Quebec, Canada |
| Year Founded | 2015 |
| Founders | Ouissam Youssef, Stephane Manos |
| Funding Amount | $420.1M |
| Startup Size | Major Organization (1,001-5,000) |
| Last Funding Status | Private Equity |
| Top Investors | Coatue, Portage Ventures, Viking Global Investors, PROPELR Growth |
Ada has created an AI-powered platform that automates customer service conversations from start to finish. Businesses use their conversational AI to instantly resolve support tickets, answer questions, and guide customers through their entire journey.
| Headquarters | Toronto, Ontario, Canada |
| Year Founded | 2016 |
| Founders | David Hariri, Mike Murchison |
| Funding Amount | $192.4M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Grant |
| Top Investors | Accel, Bessemer Venture Partners, Spark Capital, Giant Ventures, Tiger Global Management |
Hopper's travel app uses predictive analytics to forecast future prices on flights and hotels. The platform advises travelers on the best time to book, helping them save money on their trips.
| Headquarters | Montréal, Quebec, Canada |
| Year Founded | 2007 |
| Founders | Frederic Lalonde, Joost Ouwerkerk |
| Funding Amount | $729.7M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | Citi, Inovia Capital, Goldman Sachs, La Caisse, Brookfield Asset Management |
GHGSat operates a satellite constellation that provides high-resolution measurements of greenhouse gas emissions from industrial sites worldwide. Their emissions intelligence helps operators in sectors like oil and gas and mining to precisely track, report, and reduce their environmental footprint.
| Headquarters | Montréal, Quebec, Canada |
| Year Founded | 2011 |
| Founders | Stephane Germain |
| Funding Amount | $181.3M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Convertible Note |
| Top Investors | Export Development Canada, Business Development Bank of Canada, Fonds de solidarité FTQ, National Bank of Canada, BDC Venture Capital |
MDA Space develops geointelligence, satellite systems, and space operations technology for government and commercial missions. Their team is behind the iconic Canadarm robotic arms used on the Space Shuttle and the International Space Station.
| Headquarters | Brampton, Ontario, Canada |
| Year Founded | 1969 |
| Founders | John S. MacDonald |
| Funding Amount | $3.9M |
| Startup Size | Major Organization (1,001-5,000) |
| Last Funding Status | Grant |
| Top Investors | Canadian Space Agency |
League provides a healthcare experience platform that gives employees a single digital entry point to their health benefits. Their technology unifies a company's complex network of health services and insurance plans into one personalized application.
| Headquarters | Toronto, Ontario, Canada |
| Year Founded | 2014 |
| Founders | Dan Galperin, Daniel Leibu, Michael Serbinis |
| Funding Amount | $271.1M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | Workday Ventures, Foundation Capital, OMERS Ventures, BDC Venture Capital, Manulife Financial |
Trulioo operates a digital identity network that helps businesses verify customers around the world. The service is designed to help organizations meet strict compliance standards while ensuring security and privacy for their users.
| Headquarters | Vancouver, British Columbia, Canada |
| Year Founded | 2011 |
| Founders | Stephen Ufford, Tanis Jorge |
| Funding Amount | $474.8M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Series D |
| Top Investors | Plug and Play, TCV, Framework Venture Partners, Goldman Sachs, Business Development Bank of Canada |
Moonvalley develops generative AI models that turn text prompts into high-quality, cinematic video. Their platform is designed to give creative professionals powerful tools for storytelling and visual production.
| Headquarters | Toronto, Ontario, Canada |
| Year Founded | 2023 |
| Founders | John Thomas, Mateusz Malinowski, Naeem Ahmed |
| Funding Amount | $154.1M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Seed |
| Top Investors | CoreWeave, General Catalyst, Bessemer Venture Partners, Khosla Ventures, Y Combinator |
StackAdapt operates a multi-channel programmatic advertising platform that helps digital marketers run their campaigns. The platform uses machine learning and data-driven solutions to optimize ad performance and maximize results.
| Headquarters | Toronto, Ontario, Canada |
| Year Founded | 2014 |
| Founders | Ildar Shar, Vitaly Pecherskiy, Yang Han |
| Funding Amount | $536.6M |
| Startup Size | Major Organization (1,001-5,000) |
| Last Funding Status | Private Equity |
| Top Investors | Summit Partners, Teachers’ Venture Growth, Plaza Ventures, Intrepid Growth Partners, MaRS Investment Accelerator Fund |
Assent offers a supply chain sustainability management platform for complex manufacturers. Their cloud-based software provides deep visibility into product compliance, trade compliance, and ESG data.
| Headquarters | Ottawa, Ontario, Canada |
| Year Founded | 2010 |
| Founders | Matt Whitteker, Robert Imbeault |
| Funding Amount | $533.6M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Secondary Market |
| Top Investors | Vista Equity Partners, Business Development Bank of Canada, Warburg Pincus, Volition Capital, Blackstone Group |
90 Additional Canada Startups Worth Following
Those top ten companies are just a small sample of what’s happening across Canada. New founders are tackling problems in everything from AI and fintech to healthcare and climate tech.
Collectively, they have raised billions of dollars to build and expand their businesses. Here’s a look at the other startups that are strengthening the Canadian tech landscape.