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 they generally invest in.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
100 Accelerators & Incubators
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.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
100 Top Unicorns
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 Founder's Handbook

Top 100 Ontario Startups to Watch in 2026

Description

CTA

Ontario's startup scene is a major part of Canada's technology landscape. The region is home to a wide range of companies, from enterprise software to deep tech.

Companies like StackAdapt and Assent have secured over $500 million each in funding. Newer players like AI video generator Moonvalley raised $154.1 million in its seed round.

Below is our list of 100 Ontario startups worth keeping an eye on.

Failory's Top 10 Picks

Fundraising OS
Tool
Fundraising OS

Everything you need to raise funding for your startup, including 3,500+ investors, 7 tools, 18 templates and 3 learning resources.

Buy It For $97 $297
Accelerators & Incubators List
Sheet
2,189 Accelerators & Incubators

Information about the industries, countries, and cities they generally invest in.

Get the Sheet for $50
Complete Unicorns List
Sheet
1,600+ Unicorns

Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.

Get the Sheet for $50
BioTech & Health Investors
Sheet
250 BioTech & Health Investors

List of startup investors in the BioTech, Health, and Medicine industries, along with their Twitter, LinkedIn, and email addresses.

Get the Sheet for $50
AI Investors
Sheet
250 AI Investors

List of 250 startup investors in the AI and Machine Learning industries, along with their Twitter, LinkedIn, and email addresses.

Get the Sheet for $50
FinTech Investors
Sheet
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 $50

Ada develops an AI-powered platform for automating customer service conversations. Their chatbots are designed to resolve customer issues instantly, freeing up support teams to focus on more complex inquiries.

Year Founded2016
FoundersDavid Hariri, Mike Murchison
Funding Amount$192.4M
Startup SizeLarge Team (251-1,000)
Last Funding StatusGrant
Top InvestorsAccel, Bessemer Venture Partners, Spark Capital, Giant Ventures, Tiger Global Management

MDA Space develops a range of space technologies, from satellite systems and robotics to geointelligence solutions. They are particularly known for the iconic Canadarm robotic arms used on the Space Shuttle and the International Space Station.

Year Founded1969
FoundersJohn S. MacDonald
Funding Amount$3.9M
Startup SizeMajor Organization (1,001-5,000)
Last Funding StatusGrant
Top InvestorsCanadian Space Agency

League offers a consumer experience platform that helps companies manage their employee health and benefits programs. The technology unifies disparate health services, insurance plans, and wellness resources into a single front door for employees.

Year Founded2014
FoundersDan Galperin, Daniel Leibu, Michael Serbinis
Funding Amount$271.1M
Startup SizeLarge Team (251-1,000)
Last Funding StatusVenture Round
Top InvestorsWorkday Ventures, Foundation Capital, OMERS Ventures, BDC Venture Capital, Manulife Financial

Moonvalley develops generative AI models that create cinematic videos from simple text prompts. Their platform is designed to support filmmakers and creative teams, giving them powerful new tools for visual storytelling.

Year Founded2023
FoundersJohn Thomas, Mateusz Malinowski, Naeem Ahmed
Funding Amount$154.1M
Startup SizeMid-Size Team (51-250)
Last Funding StatusSeed
Top InvestorsCoreWeave, General Catalyst, Bessemer Venture Partners, Khosla Ventures, Y Combinator

StackAdapt offers a multi-channel programmatic advertising platform that helps agencies and brands run campaigns across various digital channels. Their platform uses machine learning to help advertisers improve performance and maximize their return on ad spend.

Year Founded2014
FoundersIldar Shar, Vitaly Pecherskiy, Yang Han
Funding Amount$536.6M
Startup SizeMajor Organization (1,001-5,000)
Last Funding StatusPrivate Equity
Top InvestorsSummit Partners, Teachers’ Venture Growth, Plaza Ventures, Intrepid Growth Partners, MaRS Investment Accelerator Fund

Assent offers a supply chain sustainability management platform that helps complex manufacturers collect and manage their compliance data. The SaaS solution provides deep visibility into product compliance, trade compliance, and ESG, enabling companies to bring responsible products to market.

Year Founded2010
FoundersMatt Whitteker, Robert Imbeault
Funding Amount$533.6M
Startup SizeLarge Team (251-1,000)
Last Funding StatusSecondary Market
Top InvestorsVista Equity Partners, Business Development Bank of Canada, Warburg Pincus, Volition Capital, Blackstone Group

LemFi offers a financial platform that gives users bank accounts in both their country of residence and their country of origin. This dual-account system simplifies how people manage their money across borders for personal and business needs.

Year Founded2020
FoundersOlalere Ridwan, Rian Cochran
Funding Amount$86.9M
Startup SizeMid-Size Team (51-250)
Last Funding StatusSeries B
Top InvestorsY Combinator, Endeavor Catalyst, Goodwater Capital, Highland Europe, Palm Drive Capital

Rocket Doctor built a telemedicine marketplace that enables physicians to offer patients care through virtual appointments and in-home visits. Their platform provides the tools for a comprehensive digital practice, effectively bringing the doctor's office directly to the patient.

Year Founded2020
FoundersAdam Teitelman, Harry Cherniak, Justin Losier, William Cherniak
Funding Amount$3.8M
Startup SizeLean Team (11-50)
Last Funding StatusSeed
Top InvestorsPlug and Play, f7 Ventures, Archangel Network of Funds, Emergent Medical Associates

LUCID develops digital therapeutics that use AI-powered music to help people manage their mental health. Their first product, VIBE, delivers personalized audio experiences designed to reduce symptoms of acute anxiety in real-time.

Year Founded2017
FoundersAaron Labbé, Zachary McMahon, Zoe Thomson
Funding AmountCA$3.6M
Startup SizeLean Team (11-50)
Last Funding StatusPre-Seed
Top InvestorsAmplify Capital, Next AI, Ontario Centre of Innovation, MEDTEQ+, NEXT Canada

Xanadu builds photonic quantum computers, offering access to its hardware through a dedicated cloud platform. The team also created PennyLane, a popular open-source software library for quantum machine learning and programming.

Year Founded2016
FoundersChristian Weedbrook
Funding Amount$268.3M
Startup SizeMid-Size Team (51-250)
Last Funding StatusDebt Financing
Top InvestorsAlumni Ventures, Bessemer Venture Partners, Radical Ventures, Business Development Bank of Canada, OMERS Ventures

90 Additional Ontario Startups Worth Following

Our top 10 picks are just a small slice of what’s happening across the province. Founders are tackling big problems in areas like AI and energy, and have raised over $10 billion combined.

Many more companies are building, hiring, and growing right now. Here’s a look at the other startups that make Ontario’s tech scene one to watch.

StartupIndustryYear FoundedAmount RaisedLast Funding Round
Terrestrial Energy logo Terrestrial EnergyEnergy2013$106.6MVenture Round
Waabi logo WaabiAI2021CA$375MSeries B
Lake logo LakeMarketplace2023$2.6MPre-Seed
MindBridge logo MindBridgeAnalytics2015$102.3MPrivate Equity
Mycroft logo MycroftAI2024$3.7MSeed
Tailscale logo TailscaleSecurity2019$276.4MSeries C
Stablecorp logo StablecorpCrypto2019$7.3MVenture Round
Vena Solutions logo Vena SolutionsEnterprise2011$272.8MDebt Financing
Cority logo CorityHealthcare1985$100MVenture Round
Hyperlume logo HyperlumeOther2022$12.5MSeed
Wealthsimple logo WealthsimpleFintech2014CA$1.1BPrivate Equity
Loopio logo LoopioSaaS2014CA$263MPrivate Equity
Figment logo FigmentCrypto2018$164MVenture Round
Avison Young logo Avison YoungReal Estate1978$359.2MDebt Financing
1Password logo 1PasswordSecurity2005$920.1MSeries C
Relay logo RelayFintech2018$51.6MSeries B
Ledn logo LednFintech2018$203.9MDebt Financing
Hydrostor logo HydrostorEnergy2010$2.3BDebt Financing
Bench IQ logo Bench IQAI2023$7.4MSeed
Motion logo MotionAnalytics2021$42MSeries B
Modern Campus logo Modern CampusEducation1999$59MDebt Financing
NinePoints Partners logo NinePoints PartnersFintech2017$33.5MSeries B
Smile Digital Health logo Smile Digital HealthInfrastructure2016$65MDebt Financing
Viral Nation logo Viral NationMarketing2014CA$250MPrivate Equity
BinSentry logo BinSentryAgTech2017$79.7MSeries C
Axonify logo AxonifyEducation2011$35.2MDebt Financing
Azelis logo AzelisManufacturing2001CA$600MDebt Financing
Boosted.ai logo Boosted.aiAI2017$69.5MVenture Round
BioRender logo BioRenderDesign2017$17MSeries A
Ollama logo OllamaInfrastructure2021$125kPre-Seed
Kepler Communications logo Kepler CommunicationsInfrastructure2015$177.1MSeries C
BluWave-ai logo BluWave-aiEnergy2017CA$14.7MSeries A
Astrus logo AstrusAI2023$11.1MSeed
Prophix Software logo Prophix SoftwareAnalytics1987CA$10MDebt Financing
Augmenta Inc. logo Augmenta Inc.Design2018$25.6MSeed
Keep logo KeepFintech2021$88.1MDebt Financing
FutureVault logo FutureVaultAI2015$5.3MVenture Round
Ataccama logo AtaccamaAnalytics2008$150.5MVenture Round
407 ETR logo 407 ETRMedia1999CA$3.3BDebt Financing
Geotab logo GeotabAnalytics2000
Porter Airlines logo Porter AirlinesTravel2006CA$135MGrant
Ontario International Airport Authority logo ONTMobility2012$32.7MGrant
HostPapa logo HostPapaEnterprise2007$130MDebt Financing
Helius logo HeliusCrypto2022$31.3MSeries B
Cengn logo CengnSaaS2014$45MGrant
Chickapea logo ChickapeaFood2015$10.5MVenture Round
Promise Robotics logo Promise RoboticsAI2020CA$23.3MDebt Financing
Cordelio Power logo Cordelio PowerEnergy2018$771MDebt Financing
Tenstorrent logo TenstorrentHardware2016$1BSeries D
RLDatix logo RLDatixHealthcare1997$2BDebt Financing
MolecuLight logo MolecuLightHealthcare2013$65.2MVenture Round
Ribbon logo RibbonOther2022$8.2MSeed
Fusion Fuel Cycles logo Fusion Fuel CyclesEnergy2024$34.5MDebt Financing
Kap Paper logo Kap PaperOther1992$59.9MDebt Financing
BoomerangFX logo BoomerangFXHealthcare2021$20MSeries B
Zafin logo ZafinFintech2002$47.2MSeries B
BenchSci logo BenchSciAI2015$164.1MSeries D
Wisedocs logo WisedocsAI2018CA$24.6MDebt Financing
GoBolt logo GoBoltRetail2017$178.3MSeries C
Rose Rocket logo Rose RocketHardware2015$63MSeries B
BlueRock Therapeutics logo BlueRock TherapeuticsBiotech2016$225MSeries A
BlackBerry QNX logo BlackBerry QNXHardware1980$40MGrant
Fable logo FableSaaS2018$37MSeries B
RideCo logo RideCoLogistics2012CA$20MSeries A
Solink logo SolinkAnalytics2009$94.1MSeries C
Field Effect logo Field EffectHardware2016$89.8MVenture Round
Gold Candle logo Gold CandleManufacturing2015$94MVenture Round
Rewind logo RewindInfrastructure2015$80.1MSeries B
PointClickCare logo PointClickCareHealthcare1995CA$297MSecondary Market
Vosyn Inc. logo Vosyn Inc.AI2023$6.5MSeries A
ChargeLab logo ChargeLabMobility2016$65.4MSeries A
Bridgit logo BridgitData2014$41.9MVenture Round
Ideogram logo IdeogramAI2022$96.5MSeries A
Common Wealth logo Common WealthFintech2015CA$33.9MGrant
Flybits logo FlybitsAnalytics2013$44.1MSeries C
Arteria AI logo Arteria AIAI2020$40.9MSeries B
Together logo TogetherEnterprise2018$1.5MVenture Round
telMAX logo telMAXInfrastructure2017CA$110MDebt Financing
Axelar Network logo Axelar NetworkCrypto2020$93.8MInitial Coin Offering
SWTCH logo SWTCHEnvironment2016$48.9MGrant
Financeit logo FinanceitFintech2007$570.6MDebt Financing
On Time Bride logo On Time BrideSaaS2024CA$100kPre-Seed
Voices logo VoicesMarketing2005$21.3MPrivate Equity
Optimity logo OptimityHealthcare2014$5MSeries A
Power Dime logo Power DimeAI2024CA$220kPre-Seed
FlipGive logo FlipGiveMarketing2012$11.7MSeries B
Aypa Power logo Aypa PowerEnergy2016$2.7BDebt Financing
Flipp logo FlippMarketing2006$62MPrivate Equity
eSentire logo eSentireSecurity2001$411.2MSecondary Market
Peakhill Capital logo Peakhill CapitalReal Estate2019$225MDebt Financing

Description

CTA
The All-In-One Newsletter for Startup Founders

90% of startups fail. Learn how not to with our weekly guides and stories. Join +40,000 other startup founders!

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.