Learn how to validate your startup idea by pre-selling it, for only $80 (includes a free 1-hour consultancy call).
Canada Unicorns

8 Best Unicorn Startups in Canada

Canada is home to 8 unicorn companies and you can find the complete list of these successful Canadian businesses here.

Ad

Startup Foundations

You don’t need developers to launch your startup. In this free video series, learn tactical strategies proven to deliver results. Get free access to Startup Foundations →

There's no doubt that Canada has become a leading hub for technology-based startups.

Some of the world's most successful unicorn companies reside in Toronto, Vancouver, and Montreal.

Major factors behind Canada's success with these startups include an abundance of highly skilled talent, government support that includes tax incentives, and progressive attitudes towards startups.

Here's the full list including Wealthsimple and Dapper Labs.

8 Best Unicorn Startups in Canada

Ad

Startup Foundations

You don’t need developers to launch your startup. In this free video series, learn tactical strategies proven to deliver results. Get free access to Startup Foundations →

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:

    $1.50

    B (

    May 2020

    )

  • Country:

    Canada

  • City:

    Waterloo

  • Started in:

    2015

  • Founders:

    Martin Basiri, Massi Basiri, Meti Basiri

  • Industries:

    E-Commerce Platforms, EdTech, Enterprise Software, Internet, PaaS, Software

  • Number of employees:

    500-1,000

  • Funding Amount:

    $178,342,957

  • Number of funding rounds:

    9

  • Number of investors:

    21

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:

    $466,535,949

  • Number of funding rounds:

    4

  • Number of investors:

    24

here

Coveo

Coveo

From mission-critical deployments to simple knowledge management systems, Coveo's contextual, intelligent search platform delivers powerful, impactful search and predictive insights.

Details of the startup:

  • Valuation:

    $1.10

    B (

    November 2019

    )

  • Country:

    Canada

  • City:

    Quebec

  • Started in:

    2005

  • Founders:

    Laurent Simoneau, Marc Sanfacon, Richard Tessier

  • Industries:

    Artificial Intelligence, Developer Platform, Enterprise Software, Information Technology, Search Engine

  • Number of employees:

    250-500

  • Funding Amount:

    $339,350,323

  • Number of funding rounds:

    6

  • Number of investors:

    10

here

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:

    $2.60

    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:

    $357,450,000

  • Number of funding rounds:

    6

  • Number of investors:

    88

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:

    $1.00

    B (

    March 2021

    )

  • Country:

    Canada

  • City:

    Montréal

  • Started in:

    2007

  • Founders:

    Frederic Lalonde, Joost Ouwerkerk

  • Industries:

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

  • Number of employees:

    250-500

  • Funding Amount:

    $423,679,549

  • Number of funding rounds:

    9

  • Number of investors:

    14

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:

    1995

  • Founders:

    Dave Wessinger, Mike Wessinger

  • Industries:

    Elder Care, Enterprise Software, Health Care, SaaS, Software, Web Browsers

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    CA$297,000,000

  • Number of funding rounds:

    4

  • Number of investors:

    3

here

Wealthsimple

Wealthsimple

Wealthsimple is an online investment manager offering powerful and easy-to-use financial tools to help Canadians become more financially secure for life.

Details of the startup:

  • Valuation:

    $3.70

    B (

    May 2021

    )

  • Country:

    Canada

  • City:

    Toronto

  • Started in:

    2014

  • Founders:

    Brett Huneycutt, Michael Katchen, Rudy Adler

  • Industries:

    Finance, Financial Services, FinTech, Impact Investing, Personal Finance

  • Number of employees:

    250-500

  • Funding Amount:

    CA$1,130,900,000

  • Number of funding rounds:

    9

  • Number of investors:

    17

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:

    $3.2

    B (

    August 2021

    )

  • Country:

    Canada

  • City:

    Victoria

  • 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:

    50-100

  • Funding Amount:

    $286,000,000

  • Number of funding rounds:

    5

  • Number of investors:

    26

here
The All-In-One Newsletter for Startup Founders

Every week, I’ll send you Failory’s latest interviews and articles, curated resources for founders, and updates on how I’m growing the site to $10k/mo. Join +9,000 other startup founders!