Canada is home to 30 unicorn startups, with a strong presence in AI and blockchain technology. Companies like Dapper Labs, a blockchain product firm, have reached an $8B valuation, while AI company Cohere has secured $1.7B in funding.
The ecosystem also includes long-standing companies such as PointClickCare, a healthcare software provider founded in 1995. Other major players include the password manager 1Password and fintech service Wealthsimple, both valued at $7B.
Below is the full list of 30 Canada unicorn startups at this time.
Top 10 Most Valuable Canada Unicorns
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2,189 Accelerators & Incubators
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1,600+ Unicorns
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250 BioTech & Health Investors
List of startup investors in the BioTech, Health, and Medicine industries, along with their Twitter, LinkedIn, and email addresses.
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250 AI Investors
List of 250 startup investors in the AI and Machine Learning industries, along with their Twitter, LinkedIn, and email addresses.
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250 Fintech Investors
List of 250 startup investors in the FinTech and Finance industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50Dapper Labs develops blockchain-based entertainment and digital collectibles designed for a consumer audience. Their team created the Flow blockchain to power popular experiences like NBA Top Shot and CryptoKitties.
| Valuation | $8B (Joined March 2021) |
| Headquarters | Vancouver, British Columbia, Canada |
| Year Founded | 2018 |
| Founders | Dieter Shirley, Mack Flavelle, Roham Gharegozlou |
| Funding Amount | $612.5M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | Coinbase Ventures, Samsung NEXT, CMT Digital, Andreessen Horowitz, Bond |
Cohere develops large language models and a platform tailored for enterprise use, allowing companies to deploy AI within their own products. Their technology focuses on security and privacy, offering powerful generative AI tools through a flexible API.
| Valuation | $7B (Joined May 2023) |
| Headquarters | Toronto, Ontario, Canada |
| Year Founded | 2019 |
| Founders | Aidan Gomez, Ivan Zhang, Nick Frosst |
| Funding Amount | $1.7B |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series D |
| Top Investors | Business Development Bank of Canada, NVIDIA, Alumni Ventures, Inovia Capital, Index Ventures |
They built a widely-used password manager that helps people and businesses secure logins, credit cards, and other sensitive information. They are known for blending robust security with a simple, user-friendly design that works across all devices.
| Valuation | $7B (Joined July 2021) |
| Headquarters | Toronto, Ontario, Canada |
| Year Founded | 2005 |
| Founders | Dave Teare, Natalia Karimov, Roustem Karimov, Sara Teare |
| Funding Amount | $1B |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series C |
| Top Investors | Lightspeed Venture Partners, Accel, ICONIQ Growth, Tiger Global Management, Salesforce Ventures |
Wealthsimple created a financial platform that makes it easier for people to invest and manage their money. Their services cover everything from automated investing and stock trading to cryptocurrency, all consolidated into one user-friendly app.
| Valuation | $7B |
| Headquarters | Toronto, Ontario, Canada |
| Year Founded | 2014 |
| Founders | Brett Huneycutt, Michael Katchen, Rudy Adler, Som Seif |
| Funding Amount | CA$1.9B |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series E |
| Top Investors | Base10 Partners, TCV, Redpoint, Inovia Capital, ICONIQ Growth |
Hopper developed a popular travel app that uses predictive analytics to forecast prices for flights and hotels. Their core technology advises travelers on the best time to book, helping them save money on their trips.
| Valuation | $5B (Joined March 2021) |
| Headquarters | Montréal, Quebec, Canada |
| Year Founded | 2007 |
| Founders | Frederic Lalonde, Joost Ouwerkerk |
| Funding Amount | $729.7M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | La Caisse, Brookfield Asset Management, Citi, Goldman Sachs, Inovia Capital |
PointClickCare builds a cloud-based platform for the long-term and post-acute care industry, helping providers manage the entire resident journey. Their software connects clinical, financial, and operational data to give care teams a single, unified view of their residents.
| Valuation | $5B (Joined January 2021) |
| Headquarters | Mississauga, Ontario, Canada |
| Year Founded | 1995 |
| Founders | Dave Wessinger, Mike Wessinger |
| Funding Amount | CA$297M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Private Equity |
| Top Investors | Dragoneer Investment Group, Hellman & Friedman, JMI Equity |
SSENSE operates a global online platform offering a curated mix of luxury, streetwear, and avant-garde fashion. They are recognized for blending established designer houses with emerging talent, all presented with a strong editorial point of view.
| Valuation | $4.15B (Joined June 2021) |
| Headquarters | Montréal, Quebec, Canada |
| Year Founded | 2003 |
| Founders | Bassel Atallah, Firas Atallah, Rami Atallah |
| Funding Amount | $40M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series A |
| Top Investors | Bank of Montreal, HSG, National Bank of Canada, Scotiabank, Royal Bank of Canada |
Blockstream builds foundational technology and infrastructure for the Bitcoin economy. They are a leading force in sidechain development, creating products like the Liquid Network to enable faster and more confidential transactions.
| Valuation | $3.2B (Joined August 2021) |
| Headquarters | Montréal, Quebec, Canada |
| Year Founded | 2014 |
| Founders | Adam Back, Alex Fowler, Austin Hill, Erik Svenson, Gregory Maxwell, Jonathan Wilkins, Jorge Timón, Mark Friedenbach, Matt Corallo, Pieter Wuille |
| Funding Amount | $634M |
| Company Size | Mid-Size Team (51-250) |
| Last Funding Status | Series B |
| Top Investors | Gaingels, AngelList, AVP, Khosla Ventures, Mosaic Ventures |
ApplyBoard built an online platform to simplify the application process for students who want to study abroad. Their service connects students, recruitment partners, and educational institutions, streamlining the entire journey from search to enrollment.
| Valuation | $3.2B (Joined May 2020) |
| Headquarters | Waterloo, Ontario, Canada |
| Year Founded | 2015 |
| Founders | Martin Basiri, Massi Basiri, Meti Basiri |
| Funding Amount | $554M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series D |
| Top Investors | Business Development Bank of Canada, Index Ventures, Plug and Play, 500 Global, Fidelity |
StackAdapt runs a self-serve programmatic advertising platform that helps brands and agencies execute campaigns across multiple channels. Their platform uses machine learning to help marketers reach their target audiences with native, display, video, and audio ads.
| Valuation | $3B |
| Headquarters | Toronto, Ontario, Canada |
| Year Founded | 2014 |
| Founders | Ildar Shar, Vitaly Pecherskiy, Yang Han |
| Funding Amount | $536.6M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Private Equity |
| Top Investors | Plaza Ventures, Summit Partners, MaRS Investment Accelerator Fund, Teachers’ Venture Growth, Intrepid Growth Partners |
The Remaining 20 Unicorns Founded in Canada
The 10 most valuable companies are just the beginning of Canada's startup story. Beyond the top of the list, another 20 companies have raised over $7.5 billion combined, working in fields from enterprise software to cryptocurrency.
These companies show the depth of talent and ideas growing across the country. Here’s a closer look at the other unicorns shaping Canada's future.
