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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
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The 6 Best Unicorn Startups in Toronto

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The number of successful companies run by founders from Toronto and worth more than $1 billion is becoming increasingly hard to ignore.

Particularly when a lot of these companies were only founded within the last 5 years or so.

That’s why we decided to put together this list of 6 companies from Toronto that have achieved the Unicorn status.

The 6 Unicorns in Toronto

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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

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

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

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

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
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