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Ontario Unicorns

4 Most established Unicorn Startups in Ontario

4 companies from Ontario have become unicorns. We have compiled all of them in this blog article.

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

Major factors behind Ontario'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 Clearco.

The 4 Unicorn Startups in Ontario

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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

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
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