Top startups in Toronto for 2024

In Toronto, we rank 1571 startups based on an algorithm that considers factors such as total investment, quarterly employee count, and website traffic. Startups in Toronto are falling behind the performance of their global counterparts.

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Top Unicorns in Toronto for 2024

SB Score:754

1Password is a secure and convenient password manager for documents, credit card information, and addresses.

Industry:
Software & Data
Subindustry:
Cybersecurity

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SB Score:687

Wealthsimple Inc. offers investment services through its affiliates, providing Invest and Smart Savings products to users across Canada. As a registered portfolio manager in every province and territory, Wealthsimple Inc. enables individuals to easily manage and grow their finances.

Industry:
Fintech
Subindustry:
Fintech-Other

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SB Score:657

FreshBooks is the go-to accounting software for service-based small businesses, offering professional invoice creation with your own branding. Easily accept credit card payments, track invoice views, create estimates, and send recurring invoices to clients. Simplify your accounting with FreshBooks.

Industry:
Software & Data
Subindustry:
SaaS

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Total amount:8

Best Startups in Toronto for 2024

SB Score:614

LifeLabs, a Canadian-owned company with over 50 years of experience, is dedicated to meeting the healthcare needs of Canadians.

Industry:
Healthtech
Subindustry:
Biotechnology

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SB Score:613

KOHO Financial provides an application-based banking platform to simplify financial products available to everyone.

Industry:
Fintech
Subindustry:
Fintech-Other

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3rd

Kik
SB Score:610

Kik allows users to connect with friends, groups, and the world through chat. Simply ask for someone's Kik to start chatting! Brands and content providers can also engage with their audience and attract new followers. Join the conversation and discover new ways to interact with others on Kik.

Industry:
Social & Leisure
Subindustry:
Social Media

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SB Score:608

Borrowell empowers Canadians with free credit score monitoring, personal loans, and product recommendations to make informed financial decisions. Helping users improve their credit and financial well-being, Borrowell is the go-to platform for taking control of your finances and becoming a credit hero.

Industry:
Fintech
Subindustry:
Financial Services

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SB Score:599

StackAdapt is a programmatic advertising platform that specializes in multi-channel solutions including native, display, video, connected TV, audio, in-game, and digital out-of-home ads.

Industry:
Software & Data
Subindustry:
Artificial Intelligence

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SB Score:590

Tailscale is a developer of a corporate VPN alternative, aiming to make private networks easier to build and maintain.

Industry:
Software & Data
Subindustry:
Cybersecurity

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SB Score:589

Mejuri offers handcrafted, everyday fine jewelry without the retail markup. Their direct-to-consumer model ensures high-quality pieces at accessible prices.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce

National Rank (Canada)

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Regional Rank (North America)

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8th

Q4
SB Score:582

Q4 is a SaaS platform that provides communication and intelligence solutions to investor relations professionals.

Industry:
Marketing & Sales
Subindustry:
CRM

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SB Score:567

Ritual is a platform that lets users order food and drinks from their favorite local restaurants and coffee shops.

Industry:
Foodtech
Subindustry:
Online Food Ordering

National Rank (Canada)

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Regional Rank (North America)

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10th

500px
SB Score:567

500px is a top-tier photo sharing platform for both amateur and professional photographers. With a global community of creative individuals, users can explore, share, and even buy and sell stunning photos. Founded in 2009 by photographers Oleg Gutsol and Evgeny Tchebotarev, 500px has become the go-to platform for high-quality photography worldwide.

Industry:
Social & Leisure
Subindustry:
Digital Media

National Rank (Canada)

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Regional Rank (North America)

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11th

Relay
SB Score:565

Relay is a digital bank tailor-made for small businesses on the rise. It offers streamlined financial services to help businesses grow and thrive.

Industry:
Fintech
Subindustry:
Online Banking

National Rank (Canada)

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Regional Rank (North America)

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Total amount:1571

Most Funded Startups in Toronto for 2024

The top three most funded startups in Toronto have raised total funding of more than USD 821M. Among the top three funded startups, the most popular industry, based on total funding, is Energy & Environment.

SB Score:456

Hydrostor develops Advanced Compressed Air Energy Storage (A-CAES), a clean, affordable, and long-lasting energy storage solution.

Industry:
Energy & Environment
Subindustry:
Energy

National Rank (Canada)

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Regional Rank (North America)

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SB Score:613

KOHO Financial provides an application-based banking platform to simplify financial products available to everyone.

Industry:
Fintech
Subindustry:
Fintech-Other

National Rank (Canada)

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SB Score:561

Vena Solutions offers a user-friendly Spreadsheet Process Management solution with Vena 5, streamlining financial processes for organizations. Their aim is to enhance productivity, minimize risk, and lower costs by improving the efficiency, quality, and control of spreadsheet-based business operations.

Industry:
Software & Data
Subindustry:
SaaS

National Rank (Canada)

0

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Regional Rank (North America)

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Global Rank (WorldWide)

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Total amount:1571

Top Hiring Startups in Toronto by Employee Number

The top three hiring startups in Toronto have an average employee size that is smaller than to the global average. Among these, the Software & Data industry features the startup with the largest workforce.

SB Score:330

Thoughtworks Canada is creating extraordinary impact on the world through our culture and technology excellence.

Industry:
Software & Data
Subindustry:
Software

National Rank (Canada)

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SB Score:184

OnTab simplifies mobile payments for merchants by seamlessly integrating with existing payment terminals. It is an open platform that connects various payment processors, banks, loyalty programs, and more. No new hardware or POS integration is required, making it easy for businesses to start accepting mobile payments.

Industry:
Fintech
Subindustry:
Payments

National Rank (Canada)

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Regional Rank (North America)

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SB Score:614

LifeLabs, a Canadian-owned company with over 50 years of experience, is dedicated to meeting the healthcare needs of Canadians.

Industry:
Healthtech
Subindustry:
Biotechnology

National Rank (Canada)

0

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Regional Rank (North America)

0

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Global Rank (WorldWide)

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4th

PIVX
SB Score:215

PIVX is like Bitcoin only faster, more private, and rewards even the smallest investor.

Industry:
Fintech
Subindustry:
Financial Services

National Rank (Canada)

0

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Regional Rank (North America)

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Global Rank (WorldWide)

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Total amount:1571

Explore the Startup Ecosystem of Toronto

National Rank

(Canada)

1st

0

Regional Rank

(North America)

9th

1

Global Rank

(WorldWide)

22nd

1

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Best Software & Data Startups in Toronto for 2024

Toronto startups in the Software & Data industry are overperforming their global industry peers. The top three Software & Data startups in Toronto have raised more than USD 672M, an amount that is higher than the global industry average.

SB Score:599

StackAdapt is a programmatic advertising platform that specializes in multi-channel solutions including native, display, video, connected TV, audio, in-game, and digital out-of-home ads.

Industry:
Software & Data
Subindustry:
Artificial Intelligence

National Rank (Canada)

0

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Regional Rank (North America)

0

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Global Rank (WorldWide)

0

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SB Score:590

Tailscale is a developer of a corporate VPN alternative, aiming to make private networks easier to build and maintain.

Industry:
Software & Data
Subindustry:
Cybersecurity

National Rank (Canada)

0

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Regional Rank (North America)

0

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Global Rank (WorldWide)

0

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3rd

Ada
SB Score:565

Ada revolutionizes customer support with automated chat bots for a seamless experience. Engage with customers effortlessly and efficiently.

Industry:
Software & Data
Subindustry:
Artificial Intelligence

National Rank (Canada)

0

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Regional Rank (North America)

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Global Rank (WorldWide)

0

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Total amount:584

Best Fintech Startups in Toronto for 2024

Toronto startups in the Fintech industry are overperforming their global industry peers. The top three Fintech startups in Toronto have raised more than USD 560M, an amount that is higher than the global industry average.

SB Score:613

KOHO Financial provides an application-based banking platform to simplify financial products available to everyone.

Industry:
Fintech
Subindustry:
Fintech-Other

National Rank (Canada)

0

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Regional Rank (North America)

0

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Global Rank (WorldWide)

0

Browse
SB Score:608

Borrowell empowers Canadians with free credit score monitoring, personal loans, and product recommendations to make informed financial decisions. Helping users improve their credit and financial well-being, Borrowell is the go-to platform for taking control of your finances and becoming a credit hero.

Industry:
Fintech
Subindustry:
Financial Services

National Rank (Canada)

0

View

Regional Rank (North America)

0

View

Global Rank (WorldWide)

0

Browse
SB Score:565

Relay is a digital bank tailor-made for small businesses on the rise. It offers streamlined financial services to help businesses grow and thrive.

Industry:
Fintech
Subindustry:
Online Banking

National Rank (Canada)

0

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Regional Rank (North America)

0

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Global Rank (WorldWide)

0

Browse

Total amount:185

Best Ecommerce & Retail Startups in Toronto for 2024

Toronto startups in the Ecommerce & Retail industry are overperforming their global industry peers. The top three Ecommerce & Retail startups in Toronto have raised more than USD 195M, an amount that is higher than the global industry average.

SB Score:589

Mejuri offers handcrafted, everyday fine jewelry without the retail markup. Their direct-to-consumer model ensures high-quality pieces at accessible prices.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce

National Rank (Canada)

0

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Regional Rank (North America)

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Global Rank (WorldWide)

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SB Score:561

Knix creates women's underwear with a focus on comfort and functionality. Designed to meet the needs of women, their products are innovative and high-quality.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce & Retail-Other

National Rank (Canada)

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Regional Rank (North America)

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SB Score:532

Vetster is the leading platform connecting pet owners with veterinary professionals for virtual appointments. Get fast access to telemedicine and telehealth services for your furry friends.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce

National Rank (Canada)

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Regional Rank (North America)

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Global Rank (WorldWide)

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Total amount:171

Top Cities for Startups in Canada - Ranked by StartupBlink
StartupBlink ranks the startup ecosystems of more than 100 countries and 1,000 cities. Download our latest Global Startup Ecosystem Report.
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