Learn how to validate your startup idea by pre-selling it, for only $80 (includes a free 1-hour consultancy call).
100 Top Unicorns
Download The List of the 100 Highest-Valued Unicorns

This free sheet contains all the information about the top 100 unicorns, including their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.

100 Top Unicorns
Download The List of the 100 Highest-Valued Private Startups

This free sheet contains all the information about the top 100 unicorns, including their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.

100 Accelerators & Incubators
Download Our List of The Top 100 Accelerators & Incubators

This free sheet contains 100 accelerators and incubators you can apply to today, along with information about the industries and stages they generally invest in.

The Founder's Handbook
Get Free Access to The Founder's Handbook

This free Notion document contains the best 100+ resources you need for building a successful startup, divided in 4 categories: Fundraising, People, Product, and Growth.

The 18 Unicorn Startups Founded in Canada

Ad

Mention's Logo

Mention helps you take charge of your social media workflow, thanks to their suite of powerful social monitoring and scheduling features. Check out their free guide, to help take your first steps into designing a workflow that works for you.

I'm sure you've heard the term unicorn before.

It refers to a privately held company that has achieved a $1 billion valuation.

These private companies are rare because reaching the billion-dollar mark is incredibly challenging.

Only 0.004% of all venture-backed companies achieve this distinction – but Canada is home to 18 unicorns including some of the biggest in the world.

The 18 Unicorns in Canada

Ad

Mention's Logo

Mention helps you take charge of your social media workflow, thanks to their suite of powerful social monitoring and scheduling features. Check out their free guide, to help take your first steps into designing a workflow that works for you.

Dapper Labs

Dapper Labs

Dapper Labs is a consumer-focused cryptocurrency company that builds blockchain games and supports digital collectables.

Details of the startup:

  • Valuation:

    $7.60

    B (

    March 2021

    )

  • Country:

    Canada

  • City:

    Vancouver

  • Started in:

    2018

  • Founders:

    Dieter Shirley, Mack Flavelle, Roham Gharegozlou

  • Industries:

    Blockchain, Gaming, Software

  • Number of employees:

    100-250

  • Funding Amount:

    $665.07M

  • Number of funding rounds:

    8

  • Number of investors:

    95

here

1Password

1Password

1Password is a password manager that is both secure and convenient for managing documents, credit card details, and addresses.

Details of the startup:

  • Valuation:

    $6.80

    B (

    July 2021

    )

  • Country:

    Canada

  • City:

    Toronto

  • Started in:

    2005

  • Founders:

    Dave Teare, Natalia Karimov, Roustem Karimov, Sara Teare

  • Industries:

    Cyber Security, Network Security, Privacy, Software

  • Number of employees:

    250-500

  • Funding Amount:

    $920.14M

  • Number of funding rounds:

    3

  • Number of investors:

    28

here

SSENSE

SSENSE

SSENSE is an online platform that offers a range of luxury designer clothing for men and women.

Details of the startup:

  • Valuation:

    $4.15

    B (

    June 2021

    )

  • Country:

    Canada

  • City:

    Montreal

  • Started in:

    2003

  • Founders:

    Bassel Atallah, Firas Atallah, Rami A

  • Industries:

    E-Commerce, Fashion, Retail

  • Number of employees:

    50-100

  • Funding Amount:

    No Data

  • Number of funding rounds:

    1

  • Number of investors:

    1

here

PointClickCare

PointClickCare

PointClickCare is the premier provider of web-based software and management services for long-term care facilities.

Details of the startup:

  • Valuation:

    $4.00

    B (

    January 2021

    )

  • Country:

    Canada

  • City:

    Mississauga

  • Started in:

    2000

  • Founders:

    Demetri Karagas, Steven Gutentag

  • Industries:

    Health Care, Personal Health, Pharmaceutical, Wellness

  • Number of employees:

    100-250

  • Funding Amount:

    $86.88M

  • Number of funding rounds:

    5

  • Number of investors:

    18

here

Blockstream

Blockstream

Blockstream is one of the global leaders in Bitcoin and blockchain technology. Their products form the foundations of the future economy.

Details of the startup:

  • Valuation:

    $3.20

    B (

    August 2021

    )

  • Country:

    Canada

  • City:

    Vancouver

  • Started in:

    2014

  • Founders:

    Alex Fowler, Erik Svenson, Gregory Maxwell, Jonathan Wilkins, Jorge Timón, Mark Friedenbach, Matt Corallo, Pieter Wuille

  • Industries:

    Bitcoin, Computer, Cryptocurrency, Data Storage, FinTech

  • Number of employees:

    100-250

  • Funding Amount:

    $311.00M

  • Number of funding rounds:

    6

  • Number of investors:

    29

here

ApplyBoard

ApplyBoard

ApplyBoard is a study abroad platform that’s revolutionizing the way students find and apply for programs abroad.

Details of the startup:

  • Valuation:

    $3.00

    B (

    May 2020

    )

  • Country:

    Canada

  • City:

    Kitchener

  • Started in:

    2015

  • Founders:

    Martin Basiri, Massi Basiri, Meti Basiri

  • Industries:

    EdTech, Education, Internet, PaaS, Sales Automation

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $479.91M

  • Number of funding rounds:

    9

  • Number of investors:

    22

here

Hopper

Hopper

Hopper is a travel app that analyzes millions of flights to recommend the best time to book based on your priorities.

Details of the startup:

  • Valuation:

    $3.00

    B (

    March 2021

    )

  • Country:

    Canada

  • City:

    Montreal

  • Started in:

    2007

  • Founders:

    Frederic Lalonde, Joost Ouwerkerk

  • Industries:

    Apps, Big Data, Mobile Apps, Predictive Analytics, Travel

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $614.20M

  • Number of funding rounds:

    11

  • Number of investors:

    22

here

Clearco

Clearco

Clearco is a lending platform for startups, that provides unique performance financing products and services specifically tailored for founders of all stages.

Details of the startup:

  • Valuation:

    $2.00

    B (

    April 2021

    )

  • Country:

    Canada

  • City:

    Toronto

  • Started in:

    2015

  • Founders:

    Andrew D'Souza, Ben Sanders, Charlie Feng, Ivan Gritsiniak, Michele Romanow, Olivier Grinda, Pavel Melnichuk, Tanay Delima

  • Industries:

    E-Commerce, Financial Services, FinTech, Internet, Venture Capital

  • Number of employees:

    250-500

  • Funding Amount:

    $935.01M

  • Number of funding rounds:

    5

  • Number of investors:

    29

here

Trulioo

Trulioo

Trulioo is an online verification company that operates a digital identity network deploying security and privacy standards.

Details of the startup:

  • Valuation:

    $1.75

    B (

    June 2021

    )

  • Country:

    Canada

  • City:

    Vancouver

  • Started in:

    2011

  • Founders:

    Stephen Ufford, Tanis Jorge

  • Industries:

    Big Data, Compliance, Finance, Identity Management, Security

  • Number of employees:

    500-1,000

  • Funding Amount:

    $469.74M

  • Number of funding rounds:

    8

  • Number of investors:

    15

here

Clio

Clio

Clio is a collection of web-based applications that assist law firms in managing their practices and collaborating with clients.

Details of the startup:

  • Valuation:

    $1.60

    B (

    April 2021

    )

  • Country:

    Canada

  • City:

    Burnaby

  • Started in:

    2008

  • Founders:

    Jack Newton, Rian Gauvreau

  • Industries:

    CRM, Legal, Legal Tech, Software

  • Number of employees:

    500-1,000

  • Funding Amount:

    $415.79M

  • Number of funding rounds:

    5

  • Number of investors:

    10

here

Figment

Figment

Figment supports the adoption, growth and long term success of the Web 3 ecosystem.

Details of the startup:

  • Valuation:

    $1.40

    B (

    December 2021

    )

  • Country:

    Canada

  • City:

    Toronto

  • Started in:

    2018

  • Founders:

    Andrew Cronk, Lorien Gabel, Matt Harrop

  • Industries:

    Blockchain, Computer, Cryptocurrency, Network Security, Software

  • Number of employees:

    1-10

  • Funding Amount:

    $163.84M

  • Number of funding rounds:

    6

  • Number of investors:

    31

here

Nexii

Nexii

Nexii provides platform for whole building solutions, that enables the rapid assembly of high‑quality buildings.

Details of the startup:

  • Valuation:

    $1.23

    B (

    September 2021

    )

  • Country:

    Canada

  • City:

    Vancouver

  • Started in:

    2020

  • Founders:

    Ben Dombowsky

  • Industries:

    Building Maintenance, Building Material, Construction

  • Number of employees:

    250-500

  • Funding Amount:

    $101.97M

  • Number of funding rounds:

    3

  • Number of investors:

    4

here

Ada Support

Ada Support

ADA is a vertically integrated digital advertising company.

Details of the startup:

  • Valuation:

    $1.20

    B (

    May 2021

    )

  • Country:

    Canada

  • City:

    Toronto

  • Started in:

    2016

  • Founders:

    David Hariri, Mike Murchison

  • Industries:

    Artificial Intelligence, Intelligent Systems, Machine Learning, SaaS, Software

  • Number of employees:

    100-250

  • Funding Amount:

    $190.73M

  • Number of funding rounds:

    7

  • Number of investors:

    17

here

Assent Compliance

Assent Compliance

Assent Compliance provides cloud-based software as a service (SaaS) solutions for product compliance, CSR, and vendor management.

Details of the startup:

  • Valuation:

    $1.00

    B (

    January 2022

    )

  • Country:

    Canada

  • City:

    Ottawa

  • Started in:

    2005

  • Founders:

    Matt Whitteker, Robert Imbeault

  • Industries:

    Customer Service, Information Technology, SaaS, Supply Chain Management

  • Number of employees:

    500-1,000

  • Funding Amount:

    $501.64M

  • Number of funding rounds:

    5

  • Number of investors:

    9

here

Axelar

Axelar

Axelar is a decentralized communication platform that bridges the divide between blockchain ecosystems, applications, and assets.

Details of the startup:

  • Valuation:

    $1.00

    B (

    February 2022

    )

  • Country:

    Canada

  • City:

    Waterloo

  • Started in:

    2020

  • Founders:

    Georgios Vlachos, Sergey Gorbunov

  • Industries:

    Blockchain, Developer APIs, Network Security, Software

  • Number of employees:

    10-50

  • Funding Amount:

    $63.75M

  • Number of funding rounds:

    5

  • Number of investors:

    28

here

Freshbooks

Freshbooks

FreshBooks is a software company that provides cloud-based accounting software for small and medium-sized businesses.

Details of the startup:

  • Valuation:

    $1.00

    B (

    August 2021

    )

  • Country:

    Canada

  • City:

    Toronto

  • Started in:

    2004

  • Founders:

    Levi Cooperman, Michael McDerment

  • Industries:

    Accounting, FinTech, Payments, Small and Medium Businesses, Software

  • Number of employees:

    250-500

  • Funding Amount:

    $203.75M

  • Number of funding rounds:

    7

  • Number of investors:

    11

here

TensTorrent

TensTorrent

Tenstorrent is a computing company that develops processors designed to help in faster training and adaptability to future algorithms.

Details of the startup:

  • Valuation:

    $1.00

    B (

    May 2021

    )

  • Country:

    Canada

  • City:

    Toronto

  • Started in:

    2016

  • Founders:

    Ivan Hamer, Ljubisa Bajic, Milos Trajkovic

  • Industries:

    Application Specific Integrated Circuit (ASIC), Artificial Intelligence, Electronics, Hardware, Machine Learning

  • Number of employees:

    100-250

  • Funding Amount:

    $221.03M

  • Number of funding rounds:

    6

  • Number of investors:

    7

here

Visier

Visier

Visier is an HR analytics platform that offers cloud-based solutions for workforce analytics and workforce planning.

Details of the startup:

  • Valuation:

    $1.00

    B (

    June 2021

    )

  • Country:

    Canada

  • City:

    Vancouver

  • Started in:

    2010

  • Founders:

    John Schwarz, Ryan Wong

  • Industries:

    Analytics, Business Intelligence, Human Resources, SaaS, Software

  • Number of employees:

    250-500

  • Funding Amount:

    $216.50M

  • Number of funding rounds:

    5

  • Number of investors:

    6

here
The All-In-One Newsletter for Startup Founders

Every week, I’ll send you Failory’s latest interviews and articles and 3 curated resources for founders. Join +20,000 other startup founders!