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100 Accelerators & Incubators
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100 Top Unicorns
Download The List of the 100 Highest-Valued Unicorns

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100 Top Unicorns
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The Founder's Handbook

Top 11 Startups in Waterloo in 2024

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Countless startups in the Waterloo are being launched every day.

Many fail because they did not learn from the success of other companies who've managed to rise above.

We just published this list of 11 well-known and fast-growing Waterloo companies that impressed investors.


11 Startups in the Waterloo

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2,189 Accelerators & Incubators

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

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Complete Unicorns List
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1,016 Unicorns

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

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Complete Unicorns List
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1,190 Unicorns

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

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FinTech Investors
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250 FinTech Investors

List of startup investors in the FinTech industry, along with their Twitter, LinkedIn, and email addresses.

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BioTech & Health Investors
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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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AI Investors
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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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1) ApplyBoard

ApplyBoard

ApplyBoard is an online study abroad application portal.

Details of the startup:

  • Started in: 2015
  • Founders: Martin Basiri, Massi Basiri, Meti Basiri
  • Industries: Artificial Intelligence, EdTech, Education, Internet, Software
  • Number of employees: 1001-5000
  • Funding: $483,480,000
  • Funding rounds: 7
  • Number of investors: 20 (Index Ventures, Fidelity Management and Research Company, 500 Startups, Garage Capital, Accelerator Centre)

You can find their website here.

2) SkyWatch

SkyWatch

SkyWatch is a digital infrastructure that allows Earth observation data and intelligence to be distributed.

Details of the startup:

  • Started in: 2014
  • Founders: Dexter Jagula, James Slifierz, Roland Sing
  • Industries: Big Data, Cloud Computing, Information Technology
  • Number of employees: 11-50
  • Funding: $28,220,700
  • Funding rounds: 10
  • Number of investors: 19 (Creative Destruction Lab (CDL), Techstars, NEXT Canada, Drive Capital, Bullpen Capital)

You can find their website here.

3) Axonify

Axonify

Axonify is a company that specializes in e-learning software, interval reinforcement, and gamified learning.

Details of the startup:

  • Started in: 2011
  • Founders: John Short, Rebecca Short
  • Industries: E-Learning, Human Resources, Knowledge Management, Software
  • Number of employees: 51-100
  • Funding: $35,200,000
  • Funding rounds: 6
  • Number of investors: 7 (FedDev, JMI Equity, BDC Venture Capital, Harmony Partners, MaRS Investment Accelerator Fund)

You can find their website here.

4) Dejero Labs

Dejero Labs

Dejero Labs is a network aggregation technology developer that provides broadcast and media companies with stable connectivity.

Details of the startup:

  • Started in: 2008
  • Founders: Bogdan Frusina
  • Industries: Cloud Management, Internet, Mobile, Software, Video, Wireless
  • Number of employees: 101-250
  • Funding: $107,450,886
  • Funding rounds: 11
  • Number of investors: 12 (FedDev, Kayne Partners, Intelsat, MaRS Investment Accelerator Fund, Runway Growth Capital)

You can find their website here.

5) Auvik Networks

Auvik Networks

Auvik is a network management platform that is hosted in the cloud.

Details of the startup:

  • Started in: 2011
  • Founders: Alex Hoff, David Yach, Marc Morin
  • Industries: Cloud Computing, IT Management, SaaS, Software
  • Number of employees: 101-250
  • Funding: $33,312,569
  • Funding rounds: 4
  • Number of investors: 5 (OpenView, BDC Venture Capital, Celtic House Venture Partners, Rho Canada Ventures, Marc Morin)

You can find their website here.

6) DarwinAI

DarwinAI

Deep learning may be enhanced and explained thanks to DarwinAI's Generative Synthesis 'AI building AI' technology.

Details of the startup:

  • Started in: 2017
  • Founders: Alexander Wong, Arif Virani, Brendan Chwyl, Francis Li, Mohammad Javad Shafiee, Mohammad Shafiee, Sheldon Fernandez
  • Industries: Artificial Intelligence, Education, Machine Learning, Software
  • Number of employees: 11-50
  • Funding: CA$3,900,000
  • Funding rounds: 5
  • Number of investors: 13 (Creative Destruction Lab (CDL), Obvious Ventures, Inovia Capital, Honeywell Venture Capital, Good News Ventures)

You can find their website here.

7) TextNow

TextNow

We believe that communication is a right that everyone has. We work hard to ensure that people have access to free phone service.

Details of the startup:

  • Started in: 2009
  • Founders: Derek Ting, Gary Fung, Jon Lerner
  • Industries: Messaging, Mobile, Social Network
  • Number of employees: 101-250
  • Funding: $1,000,000
  • Funding rounds: 1
  • Number of investors: 4 (Menlo Ventures, Freestyle Capital, Troy Carter, AFSquare)

You can find their website here.

8) Plum.io

Plum.io

Plum provides corporate companies with the data and technology they need to hire, develop, and deploy their employees.

Details of the startup:

  • Started in: 2012
  • Founders: Caitlin MacGregor, Christine Bird, Neil MacGregor
  • Industries: Enterprise Software, Human Resources, Recruiting, SaaS, Software
  • Number of employees: 11-50
  • Funding: $5,950,000
  • Funding rounds: 3
  • Number of investors: 8 (Real Ventures, 43North, Thomvest Ventures, BDC Venture Capital, Impact Engine)

You can find their website here.

9) Nicoya Lifesciences

Nicoya Lifesciences

Nicoya is a nanotechnology startup that is producing world-changing sensor products.

Details of the startup:

  • Started in: 2012
  • Founders: John A. G. Dick, Ryan Denomme, Shawn Fitzpatrick
  • Industries: Biotechnology, Developer Platform, Nanotechnology, Sensor
  • Number of employees: 11-50
  • Funding: $12,571,540
  • Funding rounds: 7
  • Number of investors: 20 (Accelerator Centre, Garage Capital, BDC Capital, University of Waterloo, Communitech)

You can find their website here.

10) Intellijoint Surgical

Intellijoint Surgical

Intellijoint Surgical is a medical device firm based in Canada dedicated on helping orthopaedic surgeons achieve their surgical goals.

Details of the startup:

  • Started in: 2010
  • Founders: Andre Hladio, Armen Bakirtzian, Richard Fanson
  • Industries: Biotechnology, Health Care, Medical, Medical Device
  • Number of employees: 51-100
  • Funding: $20,393,000
  • Funding rounds: 7
  • Number of investors: 6 (FedDev, Ontario Centres of Excellence, MaRS Investment Accelerator Fund, Golden Triangle Angel Network, NorthSpring Capital Partners)

You can find their website here.

11) Convictional

Convictional

Convictional is a supplier enablement platform that assists enterprise B2C retailers and B2B distributors in the development and scaling of digital marketplaces.

Details of the startup:

  • Started in: 2017
  • Founders: Chris Grouchy, Roger Kirkness
  • Industries: B2B, E-Commerce, Software, Trading Platform
  • Number of employees: 1-10
  • Funding: $2,200,000
  • Funding rounds: 3
  • Number of investors: 7 (FundersClub, Garage Capital, Y Combinator, Tribe Capital, AME Cloud Ventures)

You can find their website here.

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