Startups ranked by AI-estimated valuation
Canada’s 50 most valuable startups
A quarterly ranking of non-listed Canadian startups that have already raised funds, established by artificial intelligence from public information. The market sets the value; our AI estimates it.
The market at a glance
50companies ranked
40companies on the radar
USD 5.8bnraised in 2025
571rounds in 2025
Canadian startups raised CAD 8.0bn (about USD 5.8bn) across 571 venture rounds in 2025, down 6% in value and 12% in number on 2024, with money going to fewer, larger deals. 2026 is running ahead, driven by the largest round in Canadian history (Waabi, USD 750M) and large rounds in quantum (Photonic), software (Beacon Software), mortgages (Nesto) and defence (Dominion Dynamics). Sources: CVCA (2025), BetaKit (H1 2026). Intention counters will be shown above a threshold of amount and number of Backers.
Listed benchmarks
Shopify · E-commerce software · Nasdaq, TSX · SHOPConstellation Software · Vertical software · TSX · CSULightspeed Commerce · Point of sale · TSX, NYSE · LSPDKinaxis · Supply-chain software · TSX · KXSXanadu · Quantum computing · Nasdaq, TSX · XNDU
Not ranked: no intention is possible on a listed company.
National ranking · all sectors
First edition: no movements yet.| # | Company | Sub-sector | Known funding | Estimated valuation (AI) · range | Confidence | Back |
|---|---|---|---|---|---|---|
| 1 | CohereToronto · founded 2019 Valued at USD 7bn in Sep 2025. Merger with Germany’s Aleph Alpha agreed in Sep 2026; head offices in Toronto and Berlin. |
AI › enterprise language models | USD 2.2bn+ raised Series E · USD 600M · Apr 2026 (Schwarz Group) |
Last known equity round: Series E · USD 600M · Apr 2026 (Schwarz Group) Published valuation: USD 7bn (Sep 2025) Confidence index: HighMethod |
Solid sources | Back |
| 2 | WealthsimpleToronto · founded 2014 Valued at CAD 10bn (about USD 7.1bn). More than CAD 100bn of client assets; profitable since 2024. Power Corporation group is the largest shareholder (minority). |
Fintech › investing and banking app | USD 1.1bn+ raised Growth · CAD 750M (USD 536M) · Oct 2025 (Dragoneer, GIC; CPP Investments, Power Corporation, IGM, ICONIQ) |
Last known equity round: Growth · USD 536M · Oct 2025 (Dragoneer, GIC; CPP Investments, Power Corporation, IGM, ICONIQ) Published valuation: USD 7.1bn (Oct 2025) Confidence index: HighMethod |
Solid sources | Back |
| 3 | ClioBurnaby · founded 2008 Bought vLex for USD 1bn in Nov 2025. |
Legal tech › practice management and legal AI | USD 1.4bn+ raised Series G · USD 500M · Nov 2025 (NEA; Goldman Sachs Asset Management, TCV, Sixth Street, JMI) |
Last known equity round: Series G · USD 500M · Nov 2025 (NEA; Goldman Sachs Asset Management, TCV, Sixth Street, JMI) Published valuation: USD 5bn (Nov 2025) Confidence index: HighMethod |
Solid sources | Back |
| 4 | WaabiToronto · founded 2021 Largest venture round in Canadian history; Uber also committed up to USD 250M tied to milestones. |
AI › self-driving trucks and robotaxis | USD 1bn+ raised Series C · USD 750M · Jan 2026 (Khosla Ventures, G2 Venture Partners; Uber, NVentures, Volvo, Porsche SE, BlackRock) |
Last known equity round: Series C · USD 750M · Jan 2026 (Khosla Ventures, G2 Venture Partners; Uber, NVentures, Volvo, Porsche SE, BlackRock) Confidence index: HighMethod |
Solid sources | Back |
| 5 | 1PasswordToronto · founded 2005 More than USD 400M of annual recurring revenue and profitable (CEO, Nov 2025). IPO not before late 2026. |
Cybersecurity › password and identity management | USD 900M+ raised Series C · USD 620M · Jan 2022 (ICONIQ Growth; Tiger Global, Lightspeed, Accel) |
Last known equity round: Series C · USD 620M · Jan 2022 (ICONIQ Growth; Tiger Global, Lightspeed, Accel) Published valuation: USD 6.8bn (Jan 2022) Confidence index: MediumMethod |
Partial sources | Back |
| 6 | HopperMontreal · founded 2007 Valued at USD 5bn in a 2022 share sale; cut 30% of staff in 2023. |
Travel › booking app and travel fintech | USD 740M+ raised Series G · USD 175M · Aug 2021 (GPI Capital; Goldman Sachs, WestCap, Inovia) |
Last known equity round: Series G · USD 175M · Aug 2021 (GPI Capital; Goldman Sachs, WestCap, Inovia) Published valuation: USD 5bn (Feb 2022) Confidence index: MediumMethod |
Partial sources | Back |
| 7 | StackAdaptToronto · founded 2013 Valuation of USD 2.5bn reported by one trade outlet only. |
Marketing tech › programmatic advertising | USD 270M+ raised Growth · USD 235M · Feb 2025 (Teachers’ Venture Growth) |
Last known equity round: Growth · USD 235M · Feb 2025 (Teachers’ Venture Growth) Published valuation: USD 2.5bn (Feb 2025) Confidence index: LowMethod |
Weak sources | Back |
| 8 | TruliooVancouver · founded 2011 Valued at USD 1.75bn in 2021; staff cuts in 2022, new CEO in 2025. |
Cybersecurity › identity verification | USD 470M+ raised Series D · USD 394M · Jun 2021 (TCV; Goldman Sachs, Citi Ventures, Santander) |
Last known equity round: Series D · USD 394M · Jun 2021 (TCV; Goldman Sachs, Citi Ventures, Santander) Published valuation: USD 1.8bn (Jun 2021) Confidence index: MediumMethod |
Partial sources | Back |
| 9 | PhotonicCoquitlam · founded 2016 | Quantum › silicon quantum computers | USD 350M+ raised Series E · USD 200M · May 2026 (Planet First Partners; BDC, Mubadala Capital, RBC, TELUS, Microsoft) |
Last known equity round: Series E · USD 200M · May 2026 (Planet First Partners; BDC, Mubadala Capital, RBC, TELUS, Microsoft) Published valuation: USD 2bn (May 2026) Confidence index: HighMethod |
Solid sources | Back |
| 10 | LayerZero LabsVancouver · founded 2021 Round included token warrants; token sales are not counted. |
Crypto › cross-chain interoperability | USD 263M raised Series B · USD 120M · Apr 2023 (a16z crypto, Sequoia, Circle Ventures, Samsung Next) |
Last known equity round: Series B · USD 120M · Apr 2023 (a16z crypto, Sequoia, Circle Ventures, Samsung Next) Published valuation: USD 3bn (Apr 2023) Confidence index: LowMethod |
Weak sources | Back |
| 11 | JaneNorth Vancouver · founded 2012 About USD 100M of annual revenue; profitable. |
Health tech › clinic management software | under USD 10M primary raised Secondary · USD 500M+ · May 2025 (TCV; JMI Equity, Tidemark) |
No equity round with a disclosed amount. Published valuation: USD 1.8bn (May 2025) Confidence index: HighMethod |
Solid sources | Back |
| 12 | SvanteBurnaby · founded 2007 Canada Growth Fund convertible of up to USD 100M (2024). |
Climate › carbon-capture filters | USD 420M+ raised Series E · USD 318M · Dec 2022 (Chevron) |
Last known equity round: Series E · USD 318M · Dec 2022 (Chevron) Confidence index: MediumMethod |
Partial sources | Back |
| 13 | TailscaleToronto · founded 2019 More than 10,000 paying business customers. |
Developer tools › zero-trust networking | USD 275M raised Series C · USD 160M · Apr 2025 (Accel; CRV, Insight Partners, Heavybit) |
Last known equity round: Series C · USD 160M · Apr 2025 (Accel; CRV, Insight Partners, Heavybit) Published valuation: USD 1.4bn (Apr 2025) Confidence index: HighMethod |
Solid sources | Back |
| 14 | Nord QuantiqueSherbrooke · founded 2020 High valuation set on a small ticket. |
Quantum › error-corrected quantum computers | USD 40M+ raised Equity · USD 30M · Mar 2026 (Fidelity) |
Last known equity round: Equity round · USD 30M · Mar 2026 (Fidelity) Published valuation: USD 1.4bn (Mar 2026) Confidence index: HighMethod |
Solid sources | Back |
| 15 | KardiumBurnaby · founded 2007 US approval in Sep 2025, Canadian approval in Aug 2026. |
Medtech › pulsed-field ablation | USD 250M+ raised Series D · USD 250M · Jul 2025 (Qatar Investment Authority) |
Last known equity round: Series D · USD 250M · Jul 2025 (Qatar Investment Authority) Confidence index: HighMethod |
Solid sources | Back |
| 16 | Vena SolutionsToronto · founded 2011 CAD 300M round, mostly a sale of existing shares. |
Software › financial planning (FP&A) | USD 360M raised Series C · USD 240M · Apr 2021 (Vista Equity Partners, minority) |
Last known equity round: Series C · USD 240M · Apr 2021 (Vista Equity Partners, minority) Confidence index: MediumMethod |
Partial sources | Back |
| 17 | FullscriptOttawa · founded 2011 Targeted about USD 1bn of revenue in 2025 after buying Rupa Health. |
Health tech › supplement dispensing platform | USD 265M raised Growth · USD 240M · Nov 2021 (HGGC, Snapdragon) |
Last known equity round: Growth · USD 240M · Nov 2021 (HGGC, Snapdragon) Confidence index: LowMethod |
Weak sources | Back |
| 18 | HydrostorToronto · founded 2010 Part of the round converted notes issued in 2025. Conditional US loan guarantee of USD 1.76bn. |
Energy › long-duration storage (compressed air) | USD 400M+ raised Growth · USD 230M · Aug 2026 (Canada Growth Fund, Goldman Sachs Alternatives, CPP Investments, Baker Hughes) |
Last known equity round: Growth · USD 230M · Aug 2026 (Canada Growth Fund, Goldman Sachs Alternatives, CPP Investments, Baker Hughes) Confidence index: HighMethod |
Solid sources | Back |
| 19 | Beacon SoftwareToronto · founded 2024 More than 30 software businesses acquired. |
Software › buys and modernises vertical software firms | USD 300M+ raised Series C · USD 225M · Jun 2026 (General Catalyst, HarbourVest; Intrepid Growth) |
Last known equity round: Series C · USD 225M · Jun 2026 (General Catalyst, HarbourVest; Intrepid Growth) Confidence index: HighMethod |
Solid sources | Back |
| 20 | BlockstreamVictoria · founded 2014 Valued at USD 3.2bn in 2021; USD 210M convertible note in Oct 2024. |
Crypto › Bitcoin infrastructure | USD 500M+ raised Series B · USD 210M · Aug 2021 (Baillie Gifford, iFinex) |
Last known equity round: Series B · USD 210M · Aug 2021 (Baillie Gifford, iFinex) Published valuation: USD 3.2bn (Aug 2021) Confidence index: MediumMethod |
Partial sources | Back |
| 21 | NestoMontreal · founded 2018 About two-thirds of the round was a sale of existing shares. Bought CMLS Group; profitable. |
Proptech › digital mortgage lender | USD 230M+ raised Series E · USD 219M · Jun 2026 (La Caisse, Fidelity, Picton; Portage, Fonds FTQ) |
Last known equity round: Series E · USD 218.6M · Jun 2026 (La Caisse, Fidelity, Picton; Portage, Fonds FTQ) Published valuation: USD 1.1bn (Jun 2026) Confidence index: HighMethod |
Solid sources | Back |
| 22 | VentionMontreal · founded 2016 Revenue just under USD 100M a year. |
Robotics › industrial automation platform | USD 250M+ raised Series D · USD 110M · Jan 2026 (Investissement Québec, Desjardins; NVentures, Fonds FTQ) |
Last known equity round: Series D · USD 110M · Jan 2026 (Investissement Québec, Desjardins; NVentures, Fonds FTQ) Published valuation: USD 1bn (Jan 2026) Confidence index: HighMethod |
Solid sources | Back |
| 23 | KOHOToronto · founded 2014 Valued at CAD 1.33bn (about USD 0.97bn). About CAD 250M of annual revenue; applying for a bank licence. |
Fintech › neobank | USD 370M raised Series E · USD 95M · Jun 2026 (Mubadala, Savano Capital; Portage, BDC, HOOPP, Drive Capital) |
Last known equity round: Series E · USD 95M · Jun 2026 (Mubadala, Savano Capital; Portage, BDC, HOOPP, Drive Capital) Published valuation: USD 970M (Jun 2026) Confidence index: HighMethod |
Solid sources | Back |
| 24 | Eavor TechnologiesCalgary · founded 2017 Canada Growth Fund added CAD 138M in 2025; first commercial plant in Germany. |
Energy › closed-loop geothermal | USD 300M+ raised Series B · USD 182M · Oct 2023 |
Last known equity round: Series B · USD 182M · Oct 2023 Confidence index: LowMethod |
Weak sources | Back |
| 25 | BioRenderToronto · founded 2017 | Software › scientific illustration | USD 45M+ raised Equity · amount undisclosed · Jan 2026 (Dimension) |
No equity round with a disclosed amount. Published valuation: USD 900M (Jan 2026) Confidence index: LowMethod |
Weak sources | Back |
| 26 | Borealis BiosciencesVancouver · founded 2024 | Biotech › RNA therapies for kidney disease | USD 150M raised Series A · USD 150M · Aug 2024 (Novartis, Versant) |
Last known equity round: Series A · USD 150M · Aug 2024 (Novartis, Versant) Confidence index: MediumMethod |
Partial sources | Back |
| 27 | FreshBooksToronto · founded 2003 Valued at USD 1bn in 2021; part of the 2021 round was debt. |
Software › small-business accounting | USD 330M+ raised Series E · USD 130.75M · Aug 2021 (Accomplice, J.P. Morgan) |
Last known equity round: Series E · USD 130.8M · Aug 2021 (Accomplice, J.P. Morgan) Published valuation: USD 1bn (Aug 2021) Confidence index: LowMethod |
Weak sources | Back |
| 28 | AdaToronto · founded 2016 Valued at USD 1.2bn in 2021; staff cuts in 2023 and 2024. |
AI › customer service automation | USD 190M+ raised Series C · USD 130M · May 2021 (Tiger Global, Spark Capital) |
Last known equity round: Series C · USD 130M · May 2021 (Tiger Global, Spark Capital) Published valuation: USD 1.2bn (May 2021) Confidence index: MediumMethod |
Partial sources | Back |
| 29 | Top HatToronto · founded 2009 | Edtech › courseware for higher education | USD 230M+ raised Growth · USD 130M · Feb 2021 (Georgian) |
Last known equity round: Growth · USD 130M · Feb 2021 (Georgian) Confidence index: LowMethod |
Weak sources | Back |
| 30 | VisierVancouver · founded 2010 Valued at USD 1bn in 2021. |
HR tech › people analytics | USD 340M+ raised Series E · USD 125M · Jun 2021 (Goldman Sachs Asset Management) |
Last known equity round: Series E · USD 125M · Jun 2021 (Goldman Sachs Asset Management) Published valuation: USD 1bn (Jun 2021) Confidence index: MediumMethod |
Partial sources | Back |
| 31 | Prodigy EducationOakville · founded 2011 More than 100 million users (2021). |
Edtech › game-based learning for schools | USD 125M+ raised Series B · USD 125M · Jan 2021 (TPG Growth) |
Last known equity round: Series B · USD 125M · Jan 2021 (TPG Growth) Confidence index: MediumMethod |
Partial sources | Back |
| 32 | Blue JToronto · founded 2015 More than 2,500 organisations as customers. |
Legal tech › AI tax research | USD 150M+ raised Series D · USD 122M · Aug 2025 (Oak HC/FT, Sapphire Ventures) |
Last known equity round: Series D · USD 122M · Aug 2025 (Oak HC/FT, Sapphire Ventures) Confidence index: HighMethod |
Solid sources | Back |
| 33 | Aspect BiosystemsVancouver · founded 2013 Partnership with Novo Nordisk worth up to USD 2.6bn. |
Biotech › bioprinted tissue therapies | USD 135M+ raised Series B · USD 115M · Jan 2025 (Dimension; Novo Nordisk) |
Last known equity round: Series B · USD 115M · Jan 2025 (Dimension; Novo Nordisk) Confidence index: HighMethod |
Solid sources | Back |
| 34 | FigmentToronto · founded 2018 Valued at USD 1.4bn in 2021. |
Crypto › institutional staking | USD 160M+ raised Series C · USD 110M · Dec 2021 (Thoma Bravo; Counterpoint Global, Two Sigma, Franklin Templeton) |
Last known equity round: Series C · USD 110M · Dec 2021 (Thoma Bravo; Counterpoint Global, Two Sigma, Franklin Templeton) Published valuation: USD 1.4bn (Dec 2021) Confidence index: LowMethod |
Weak sources | Back |
| 35 | Abdera TherapeuticsVancouver · founded 2021 | Biotech › antibody radiopharmaceuticals | USD 142M raised Series B · USD 110M · Apr 2023 (venBio; RTW, Viking) |
Last known equity round: Series B · USD 110M · Apr 2023 (venBio; RTW, Viking) Confidence index: MediumMethod |
Partial sources | Back |
| 36 | Dominion DynamicsOttawa · founded 2025 Largest Series A for a Canadian defence company. |
Defence › Arctic sensors and drones | USD 123M raised Series A · USD 101M · Jun 2026 (Georgian; OMERS, BDC, RBC, Bessemer) |
Last known equity round: Series A · USD 101M · Jun 2026 (Georgian; OMERS, BDC, RBC, Bessemer) Confidence index: HighMethod |
Solid sources | Back |
| 37 | JobberEdmonton · founded 2011 | Software › field-service management for small firms | USD 250M+ raised Series D · USD 100M · Feb 2023 (General Atlantic; Summit Partners, Version One) |
Last known equity round: Series D · USD 100M · Feb 2023 (General Atlantic; Summit Partners, Version One) Confidence index: MediumMethod |
Partial sources | Back |
| 38 | ApplyBoardKitchener · founded 2015 Valued at USD 3.2bn in 2021; hit by Canada’s cap on study permits. |
Edtech › international student recruitment | USD 450M+ raised Series D · USD 300M · Jun 2021 |
Last known equity round: Series D · USD 300M · Jun 2021 Published valuation: USD 3.2bn (Jun 2021) Confidence index: MediumMethod |
Partial sources | Back |
| 39 | LeagueToronto · founded 2014 | Health tech › health engagement platform | USD 200M raised Series C · USD 95M · Feb 2022 (TDM Growth Partners) |
Last known equity round: Series C · USD 95M · Feb 2022 (TDM Growth Partners) Confidence index: LowMethod |
Weak sources | Back |
| 40 | Kepler CommunicationsToronto · founded 2015 | Space › optical data-relay satellites | USD 230M raised Series C · USD 92M · Apr 2023 (IA Ventures; Costanoa, Canaan, BDC) |
Last known equity round: Series C · USD 92M · Apr 2023 (IA Ventures; Costanoa, Canaan, BDC) Confidence index: MediumMethod |
Partial sources | Back |
| 41 | Mangrove LithiumDelta · founded 2017 | Climate › lithium refining | USD 130M+ raised Growth · USD 85M · Jan 2026 (Canada Growth Fund; BMW i Ventures, Breakthrough Energy Ventures) |
Last known equity round: Growth · USD 85M · Jan 2026 (Canada Growth Fund; BMW i Ventures, Breakthrough Energy Ventures) Confidence index: LowMethod |
Weak sources | Back |
| 42 | Dapper LabsVancouver · founded 2018 Valued at USD 7.6bn in 2021. |
Crypto › digital collectibles and the Flow blockchain | USD 600M+ raised Growth · USD 250M · Sep 2021 (Coatue) |
Last known equity round: Growth · USD 250M · Sep 2021 (Coatue) Published valuation: USD 7.6bn (Sep 2021) Confidence index: MediumMethod |
Partial sources | Back |
| 43 | IdeogramToronto · founded 2022 | AI › image generation | USD 96M+ raised Series A · USD 80M · Feb 2024 (Andreessen Horowitz; Index, Redpoint) |
Last known equity round: Series A · USD 80M · Feb 2024 (Andreessen Horowitz; Index, Redpoint) Confidence index: MediumMethod |
Partial sources | Back |
| 44 | Conquest PlanningToronto · founded 2018 Used by more than 60% of Canadian financial advisers. |
Fintech › AI financial planning software | USD 100M+ raised Series B · USD 80M · Jun 2025 (Goldman Sachs Alternatives; Canapi, BDC, Citi Ventures) |
Last known equity round: Series B · USD 80M · Jun 2025 (Goldman Sachs Alternatives; Canapi, BDC, Citi Ventures) Confidence index: HighMethod |
Solid sources | Back |
| 45 | CarbonCureHalifax · founded 2012 | Climate › CO2 storage in concrete | USD 90M+ raised Growth · USD 80M · Jul 2023 (Blue Earth Capital; Breakthrough Energy Ventures, Amazon, Microsoft) |
Last known equity round: Growth · USD 80M · Jul 2023 (Blue Earth Capital; Breakthrough Energy Ventures, Amazon, Microsoft) Confidence index: MediumMethod |
Partial sources | Back |
| 46 | FloatToronto · founded 2019 Valued at CAD 550M; more than 7,500 business customers. |
Fintech › business cards and spend management | USD 140M+ raised Series C · USD 61M · Jun 2026 (Inovia; BDC, Northleaf, Goldman Sachs Alternatives) |
Last known equity round: Series C · USD 61M · Jun 2026 (Inovia; BDC, Northleaf, Goldman Sachs Alternatives) Published valuation: USD 396M (Jun 2026) Confidence index: HighMethod |
Solid sources | Back |
| 47 | Cyclic MaterialsToronto · founded 2021 | Climate › rare-earth recycling | USD 162M raised Series C · USD 75M · Jan 2026 (T. Rowe Price; Canada Growth Fund) |
Last known equity round: Series C · USD 75M · Jan 2026 (T. Rowe Price; Canada Growth Fund) Confidence index: LowMethod |
Weak sources | Back |
| 48 | ClearcoToronto · founded 2015 Valued at nearly USD 2bn in 2021. |
Fintech › revenue-based financing for online sellers | USD 500M+ raised Series C · USD 215M · Apr 2021 (SoftBank Vision Fund 2) |
Last known equity round: Series C · USD 215M · Apr 2021 (SoftBank Vision Fund 2) Published valuation: USD 2bn (Jul 2021) Confidence index: MediumMethod |
Partial sources | Back |
| 49 | 35PharmaMontreal · founded 2017 | Biotech › activin inhibitors | not disclosed raised Series C · amount undisclosed · Jul 2025 |
No equity round with a disclosed amount. Published valuation: USD 360M (Jul 2025) Confidence index: LowMethod |
Weak sources | Back |
| 50 | KlueVancouver · founded 2015 | Software › competitive intelligence | USD 80M+ raised Series B · USD 62M · Nov 2021 (Tiger Global) |
Last known equity round: Series B · USD 62M · Nov 2021 (Tiger Global) Confidence index: LowMethod |
Weak sources | Back |
Back · Declaring an intention does not mean this company is raising funds. · Terms
Ranking in descending order of AI-estimated valuation, based on public information, with no human intervention on the order. The valuations, ranges and brackets shown are editorial estimates produced by AI, purely indicative and imperfect by nature: neither a financial valuation, nor an offer, nor investment advice. Only the market sets a company’s value, through a funding round or a sale. Ranking established by Claude (Anthropic) from public information, following the published rules. A consensus of several AIs will apply from 1 December 2026. Eligibility: at least $1M raised in equity, non-listed company, main operations in Canada. Request a correction
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How to read this ranking
Rank
Companies are ranked by AI-estimated valuation, highest first. The market sets the value; our AI estimates it.
Estimate
An AI-estimated valuation, its uncertainty range and its order of magnitude. Indicative, and imperfect by nature.
- Hundreds of k$
- Millions $
- Tens of M$
- Hundreds of M$
- Unicorn
- Decacorn
- Hectocorn
Confidence
- High: recent, solid public information.
- Medium: older or partial information.
- Low: sparse or single-sourced information.
Rankings by sector
Four verticals at launch, more when the feasibility test allows.Coming soon · Top 10
AI & software
Language models, legal tech, cybersecurity, advertising and vertical software.
Coming soon · Top 10
Fintech & crypto
Investing apps, neobanks, digital mortgages, business cards and Bitcoin infrastructure.
Coming soon · Top 10
Deeptech & climate
Self-driving trucks, quantum computers, energy storage, carbon capture and defence.
Coming soon · Top 10
Health & travel
Clinic software, heart devices, biotech and travel booking.
ProptechEdtechGamingInsurtechAgtech
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Radar · known eligible companies, not ranked
Sorted by date of last round, with no judgement and no AI call. Undisclosed amount: the round is confirmed by the press, not its amount.
- Helcim · Fintech › payments for small businessesSeries C · USD 38M · Aug 2026 (BDC; Curql, Gold House Ventures)Back
- Chexy · Fintech › rent payments and rewardsSeries A · CAD 14M · Mar 2026 (Khosla Ventures)Back
- Elevate Farms · Agtech › vertical farmingPre-Series B · CAD 6.7M · Mar 2026Back
- Neo Financial · Fintech › neobank, cards and lendingEquity · USD 48M · Feb 2026 (AIMCo, Northleaf, Plaza Ventures)Back
- Haiqu · Quantum › softwareSeed · USD 11M · Jan 2026Back
- GoodLeaf Farms · Agtech › vertical farmingEquity · USD 37M · Nov 2025 (Farm Credit Canada, Power Sustainable Lios, McCain Foods)Back
- Felix Health · Health tech › online prescriptionsSeries B extension · CAD 53M (equity and debt) · Oct 2025 (CBGF; BDC, BMO)Back
- Moonvalley · AI › licensed video generationSeries B · USD 84M · Jul 2025 (General Catalyst); head office split between Toronto and Los AngelesBack
- Venn · Fintech › business banking and FXSeries A · CAD 21.5M · Feb 2025 (Left Lane Capital)Back
- Notch Therapeutics · Biotech › stem-cell-derived cell therapySeries A · USD 85M · 2021 (Allogene, Lumira); large staff cuts in Jan 2025Back
- Alpha-9 Theranostics · Biotech › radiopharmaceuticalsSeries C · USD 128-175M (reported range) · Oct 2024 (Andreessen Horowitz; Frazier, BVF)Back
- Spare · Mobility › on-demand transit softwareSeries B · USD 42M · Sep 2024 (Inovia; Kensington, Nicola Wealth)Back
- Polystyvert · Climate › polystyrene recyclingSeries B (first tranche) · USD 16M · Jul 2024 (Infinity Recycling)Back
- e-Zinc · Energy › zinc-air storageSeries A2 · USD 31M · Jun 2024 (Evok Innovations; Toyota Ventures, Eni Next, BDC)Back
- Brim Financial · Fintech › credit-card issuing platformSeries C · 85M · Apr 2024 (EDC Investments; Vistara, White Owl, Zions Bank)Back
- PocketHealth · Health tech › patient access to medical imagingSeries B · USD 33M · Mar 2024 (Round13; Deloitte Ventures, Samsung Next)Back
- Swift Medical · Medtech › AI wound imagingExtension · USD 8M · Jan 2024 (Virgo, BDC)Back
- Deep Sky · Climate › carbon-removal projectsSeries A · USD 55M · Nov 2023 (Brightspark, Whitecap)Back
- Arteria AI · Fintech › AI documentation for banksSeries B · USD 30M · Nov 2023 (GGV Capital U.S.; Illuminate, BDC, Citi)Back
- Procurify · Software › spend managementSeries C · USD 50M · Oct 2023 (Ten Coves; EDC, HarbourVest)Back
- Voiceflow · AI › conversational agent builderSeries A · USD 15M · Aug 2023Back
- BenchSci · AI › preclinical research intelligenceSeries D · USD 70M · May 2023 (TCV, Inovia, Felicis, F-Prime)Back
- DarkVision Technologies · Industrial tech › ultrasound well imagingSeries A · USD 8M; undisclosed round in Jan 2023 (BDC, Evok)Back
- GoBolt · Logistics › electric last-mile deliverySeries C · USD 55M · Dec 2022 (Yaletown; EDC, BDC, Northleaf, Ingka)Back
- Plooto · Fintech › payables and receivables for small firmsSeries B · CAD 27M · Dec 2022 (Centana Growth Partners)Back
- PolicyMe · Insurtech › online life insuranceSeries A · 18M · Sep 2022Back
- Certn · HR tech › background screeningSeries B · USD 50M · May 2022 (B Capital)Back
- Vetster · Pet health › online vet consultationsSeries B · USD 30M · Apr 2022 (incl. PetMeds)Back
- Sanctuary AI · Robotics › humanoid robotsSeries A · USD 58.5M · Mar 2022 (Bell; Magna, Verizon Ventures)Back
- Kinova · Robotics › lightweight robotic armsGrowth · USD 40M · Feb 2022 (Graham Partners)Back
- Newton · Crypto › retail crypto brokerageSeries B · USD 20M · Feb 2022Back
- Shakepay · Crypto › Bitcoin buying appSeries A · USD 35M · Jan 2022 (QED Investors)Back
- Fantuan · Marketplace › Asian food deliverySeries C · USD 40M · 2022 (GrubMarket)Back
- Flashfood · Marketplace › surplus grocery foodSeries A · USD 12.3M · 2022Back
- Deep Genomics · AI › RNA drug discoverySeries C · USD 180M · Jul 2021 (SoftBank Vision Fund 2)Back
- AlayaCare · Health tech › home-care softwareSeries D · 241M (currency not confirmed) · Jun 2021 (Generation Investment Management; Inovia, CDPQ)Back
- Loopio · Software › RFP response automationGrowth · CAD 252M · Mar 2021 (Sumeru Equity Partners)Back
- Maple · Health tech › virtual careSeries B · USD 57M · Sep 2020 (Loblaw)Back
- Mejuri · Consumer › fine jewellery brandSeries B · USD 23M · 2020Back
- Planetary Technologies · Climate › ocean carbon removalSeries A · USD 11.4MBack
Born in Canada, based elsewhere
Companies of Canadian origin whose main operations are now abroad: not ranked, shown with the law governing their shares.
- Tenstorrent · Semiconductors › AI chips
Founded in Toronto in 2016; HQ in Santa ClaraSeries D · USD 693M · Dec 2024 (AFW Partners, Samsung Securities; Bezos Expeditions, Fidelity), at about USD 2.6bnBack - Ledn · Crypto › Bitcoin-backed loans
Founded in Toronto in 2018; HQ in the Cayman IslandsStrategic investment · amount undisclosed · Nov 2025 (Tether)Back
Not ranked
- Xanadu · Listed on Nasdaq and the TSX through a SPAC in Mar 2026
- General Fusion · Listed on Nasdaq through a SPAC in Jul 2026
- NorthStar Earth & Space · Listed on NYSE American through a SPAC in Sep 2026
- Taalas · Acquired by AMD in Aug 2026
- Untether AI · Team acquired by AMD in Jun 2025
- Rail · Acquired by Ripple for USD 200M in Aug 2025
- WonderFi (Bitbuy, Coinsquare) · Acquired by Robinhood in Jun 2026
- Payfare · Acquired by Fiserv in Mar 2025
- Plusgrade · Majority stake bought by General Atlantic in Mar 2024
- Benevity · Controlled by Hg since Nov 2020
- eSentire · Majority-owned by Warburg Pincus since Feb 2022
- Flinks · Majority stake taken by National Bank of Canada in Dec 2021
- SSENSE · Under creditor protection (CCAA) since Sep 2025
- Li-Cycle · Assets bought by Glencore out of creditor protection in Aug 2025
- Lion Electric · Sold under creditor protection (CCAA) in May 2025
- Enerkem · Filed for creditor protection (CCAA) in May 2025
- Bench Accounting · Shut down, then bought by Employer.com in Dec 2024
- Dialogue · Acquired by Sun Life in 2023
- Coveo · Listed on the TSX since 2021
- Repare Therapeutics · Listed on Nasdaq; sale to XenoTherapeutics agreed in Nov 2025
The method in Canada
Calendar. Quarterly ranking, published on the 9th of January, April, July and October. Next edition: October 9, 2026.
Eligibility: at least $1M raised in equity, non-listed company, main operations in Canada.
Partner sought. M&A boutique or capital raising adviser registered with the provincial securities regulators (exempt market dealer or investment dealer).
Sources. Canadian and international business and technology press (The Logic, BetaKit, The Globe and Mail, Financial Post, BNN Bloomberg, TechCrunch, Bloomberg), CVCA data, company and investor announcements.