StartupBlink

2655 Top startups in Toronto for August 2026

We rank Wattpad, Rumble and Tailscale in Toronto along with 2652 other startups based on an algorithm that scores startups based on total investment, employee count, and quarterly website traffic. Toronto startup ecosystem ranks #18 globally and #1 in Canada.

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Top Unicorn Startups in Toronto for 2026

Nine startups have achieved unicorn status by exceeding USD 1 billion in valuation. Collectively, the top three unicorns in Toronto have raised more than USD 13.4B.
1st
1Password logo
1PasswordSB Score: 739

1Password is a secure password manager that provides businesses and families with a safe way to share passwords, credit cards, and documents. It keeps important information secure with AES 256-bit encryption. They allow users to keep the information easily organized with convenient categories and tags and find what they need with a customizable search. Founded in 2005, 1Password remembers and fills web forms with passwords, credit card information, and addresses—with a single click. It is focused on making security convenient and keeping customers happy. It is headquartered in Toronto, Ontario in Canada.

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Website
1password.com
Employee range
1,001 – 5,000
Web Traffic (Monthly)
Funding amount
$920.1M
National Rank(Canada)
Regional Rank(North America)
Global Rank(Worldwide)
2nd
Wealthsimple logo
WealthsimpleSB Score: 716

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.

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Website
www.wealthsimple.com
Employee range
501 – 1,000
Web Traffic (Monthly)
Funding amount
$1.3B
National Rank(Canada)
Regional Rank(North America)
Global Rank(Worldwide)
3rd
Freshbooks logo
FreshbooksSB Score: 639

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.

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Website
www.freshbooks.com
Employee range
251 – 500
Web Traffic (Monthly)
Funding amount
$156.9M
National Rank(Canada)
Regional Rank(North America)
Global Rank(Worldwide)

Total amount:9

Best Startups in Toronto for 2026

1st
Wattpad logo
WattpadSB Score: 763

Wattpad is a digital entertainment company providing an online social storytelling platform for original stories. The company utilizes the power of community and technology to enable the creation and distribution of content across a variety of formats. Its flagship app, Wattpad, is home to a community of more than 65 million people who spend over 20 billion minutes a month engaged in original stories. Tap by Wattpad, the company’s second storytelling product, offers short, chat-based stories in over a dozen languages. Wattpad Studios co-produces stories for film, television, digital, and print, together with industry partners. Wattpad Brand Solutions offers a full suite of advertising products to help brands build deep engagement with Millennial and Gen Z consumers. It was established by Allen Lau and Ivan Yuen in Toronto, Ontario, Canada in 2006.

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Website
www.wattpad.com
Employee range
251 – 500
Web Traffic (Monthly)
Funding amount
$117.8M
National Rank(Canada)
Regional Rank(North America)
Global Rank(Worldwide)
2nd
Rumble logo
RumbleSB Score: 691

Rumble with a mission to create the most engaging and fulfilling online game experiences on the planet. All of our games are free-to-play and available across a variety of browsers, mobile devices and social networks. We are unique in our focus on the gamer audience and our exacting standards around quality gameplay. By combining the best of AAA game design with free-to-play accessibility, we believe we will change the way gamers play together.

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Website
rumble.com
Employee range
101 – 250
Web Traffic (Monthly)
Funding amount
$45.5M
National Rank(Canada)
Regional Rank(North America)
Global Rank(Worldwide)
3rd
Tailscale logo
TailscaleSB Score: 665

Tailscale develops a software-defined networking platform that simplifies the creation of secure private networks using the WireGuard protocol. Its solution enables devices to connect directly through peer-to-peer mesh networking, reducing latency and eliminating the need for traditional VPN configurations. The platform integrates with existing identity providers, allowing for streamlined user authentication and access control. Tailscale supports various operating systems, including Windows, macOS, Linux, Android, and iOS, and offers compatibility with cloud services and Kubernetes environments. The company emphasizes ease of use and scalability, catering to teams and organizations seeking straightforward network security solutions. Tailscale builds on top of WireGuard’s Noise protocol encryption, a peer-reviewed and trusted standard. Their vision is to remove overhead and complexity from this long tail of software and operational problems that people face every day.

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Website
www.tailscale.com
Employee range
101 – 250
Web Traffic (Monthly)
Funding amount
$276.4M
National Rank(Canada)
Regional Rank(North America)
Global Rank(Worldwide)
4th
KOHO Financial logo
KOHO FinancialSB Score: 633

KOHO Financial provides an application-based banking platform to simplify financial products available to everyone. Its platform helps users to complete their day-to-day banking operations while offering tools such as goals, cash flow projections, group spending, spending insights, and categorizations to let users manage their expenses and banking operations on the go. The company was founded in 2014 and is headquartered in Toronto, Ontario.

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Website
www.koho.ca
Employee range
251 – 500
Web Traffic (Monthly)
Funding amount
$308.5M
National Rank(Canada)
Regional Rank(North America)
Global Rank(Worldwide)
5th
LifeLabs logo
LifeLabsSB Score: 613

LifeLabs is a Canadian-owned company that has been serving the healthcare needs of Canadians for more than 50 years. Today, LifeLabs performs more than 100 million laboratory tests every year, helping healthcare providers diagnose, treat, monitor and prevent disease in patients. LifeLabs is strongly committed to continual innovation in testing services. For our patients and healthcare providers, this means we always strive to provide access to the latest specialized clinical tests—to detect cancer for example, to monitor heart disease, identify neurological disorders and pinpoint allergies. LifeLabs is well-positioned to deliver care at home, in the community and across Ontario and British Columbia. We have over 5,400 professionally trained staff members, over 360 conveniently located patient service centres and an extensive network of couriers and mobile phlebotomists on the job.

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Website
lifelabs.com
Employee range
5,001 – 10,000
Web Traffic (Monthly)
Funding amount
$2.3M
National Rank(Canada)
Regional Rank(North America)
Global Rank(Worldwide)
6th
SHOPLAZZA logo
SHOPLAZZASB Score: 598

Shoplazza is an award-winning shopping cart commerce technology company that provides differentiated value by offering technology that is easy to start, market and manage online stores of any size. The single integrated back-end platform powered by advanced data analytical capability is engineered for reliability, security and adaptivity, ensuring our merchants never miss a turn. Shoplazza champions merchants to not only build an online store but own their brand. The North America-based Direct-to-customer (“DTC”) branding incubation team provides service covering the entire journey of buyers that helps merchants develop a direct relationship with the buyers and make their brand memorable and distinctive. The company was founded in 2017 and with our global strategy department headquartered in Toronto.

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Website
shoplazza.com
Employee range
101 – 250
Web Traffic (Monthly)
Funding amount
$209M
National Rank(Canada)
Regional Rank(North America)
Global Rank(Worldwide)
7th
StackAdapt logo
StackAdaptSB Score: 593

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. StackAdapt's state-of-the-art platform is where some of the most progressive work in machine learning meets cutting-edge user experience. StackAdapt is designed around the three core pillars of programmatic—planning, executing, and analyzing. StackAdapt is ranked as the number 1 DSP on G2. For six consecutive years, StackAdapt has been recognized as a high performer and the highest-ranking DSP in customer satisfaction by G2, and also placed on the Top 100 Software Products list and the Highest Satisfaction list for 2020 and 2021. StackAdapt has been named one of the 2022 Ad Age Best Places to Work and was ranked top 5 out of thousands of applicants.

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Website
www.stackadapt.com
Employee range
1,001 – 5,000
Web Traffic (Monthly)
Funding amount
$1.6M
National Rank(Canada)
Regional Rank(North America)
Global Rank(Worldwide)
8th
Borrowell logo
BorrowellSB Score: 589

Borrowell is a credit education company that offers free credit scores, education, and weekly credit monitoring. It also offers innovative digital tools like personalized credit coaching and AI-powered financial product recommendations. The company was founded in 2014 and is headquartered in Toronto, Ontario.

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Website
borrowell.com
Employee range
101 – 250
Web Traffic (Monthly)
Funding amount
$49.7M
National Rank(Canada)
Regional Rank(North America)
Global Rank(Worldwide)
9th
Mejuri logo
MejuriSB Score: 587

Mejuri introduces exclusive precious jewelry that take women from day to night at fashionable prices. The company works with top jewelers, committed to exceptional craftsmanship and ethical practices, to create quality essentials. It also delivers fine jewelry at a fraction of the price. The company is backed by a fast supply chain that enables it to present new editions on a weekly basis. It sells directly to consumers cutting out middlemen costs and passing on the savings to the customers. It is the company's mission to have women embrace a daily dose of luxury. Mejuri was founded on 2015 and is based in Toronto, Ontario, Canada.

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Website
mejuri.com
Employee range
251 – 500
Web Traffic (Monthly)
Funding amount
$28M
National Rank(Canada)
Regional Rank(North America)
Global Rank(Worldwide)
10th
Kik logo
KikSB Score: 585

Kik was founded in 2009, when a small group of University of Waterloo students decided to build a company that would shift the center of computing from the PC to the phone. Based in Waterloo, Ontario, the company now has more than 100 employees working on Kik, a chat app that lets users connect with people, services, and businesses. Kik is backed by major venture capitalists and has raised $120.5M to date. Its VCs are the same firms that first helped Twitter, Foursquare, Zynga and others become household names. China's Tencent, maker of WeChat, is a strategic investor. Kik has more than 300 million registered users. According to a study by Frank N. Magid Associates, Kik users spend 35 minutes per session in the app. More than 40% of young Americans are actively using Kik as their primary messenger app.

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Website
www.kik.com
Employee range
101 – 250
Web Traffic (Monthly)
Funding amount
$215.8M
National Rank(Canada)
Regional Rank(North America)
Global Rank(Worldwide)
11th
Relay logo
RelaySB Score: 577

Relay is an-all-in-one, collaborative business banking and money management platform that helps small businesses and their teams take control of their cash flow and get crystal clear on what they’re earning, spending and saving. With Relay, business owners can: -Bank with no monthly account fees, no overdraft fees, and no minimum balance required -Organize income, expenses and cash reserves using up to 20 individual accounts -2 savings accounts offering between 1-3% APY -Issue up to 50 virtual or physical Visa® debit cards to meticulously organize spending by team or project -Send payments and deposits via ACH, wires or checks -Cashflow automations, like maximum balance transfer rules and recurring payments -Give team members and financial advisors secure, role-based banking access -Integrate banking with accounting softwares like QuickBooks Online and Xero -Get personalized customer support by email and phone Relay is also the official banking partner of Profit First, the cash flow management methodology and book created by serial entrepreneur Mike Michalowicz.

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Website
relayfi.com
Employee range
101 – 250
Web Traffic (Monthly)
Funding amount
$51.6M
National Rank(Canada)
Regional Rank(North America)
Global Rank(Worldwide)

Total amount:1563

Most Funded Startups in Toronto for 2026

The top three most funded startups in Toronto have raised total funding of more than USD 2.46B. Cohere has 2.81% more funding than Hydrostor.
1st
Cohere logo
CohereSB Score: 466

Cohere is the leading security-first enterprise AI company. Cohere builds cutting-edge foundation AI models and end-to-end products designed to solve real-world business problems. The company offers enterprises the highest levels of privacy, security and optionality to deploy across all major cloud providers, private cloud environments, or on-premises for total control of their data. Cohere partners closely with companies to deliver seamless integration, deep customization, and easy-to-use AI solutions for their workforce. Cohere is headquartered in Toronto and San Francisco and also has offices in Montreal, New York City, London, Paris, and Seoul.

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Website
cohere.ai
Employee range
251 – 500
Web Traffic (Monthly)
Funding amount
$1.7B
National Rank(Canada)
Regional Rank(North America)
Global Rank(Worldwide)
2nd
Hydrostor logo
HydrostorSB Score: 436

Hydrostor develops and operates long-duration energy storage systems to replace the use of fossil fuels. It addresses bulk electricity system needs for dispatchable capacity, renewable integration and optimization, transmission deferral, and ancillary services, and is ideal for use in behind-the-meter or remote applications for mines and large industrial operations. Hydrostor’s solution delivers low-cost, long-duration bulk energy storage (hundreds of MWs, 4-24+ hours) that is synchronous and emission-free and can be located where required by the grid, including the ability to replace retired fossil fuel plants and the need for a new transmission.

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Website
www.hydrostor.ca
Employee range
51 – 100
Web Traffic (Monthly)
Funding amount
$447M
National Rank(Canada)
Regional Rank(North America)
Global Rank(Worldwide)
3rd
Haletale logo
HaletaleSB Score: 429

Haletale is a platform connecting students seeking off-campus housing with homeowners. The user-friendly interface simplifies the process by collecting student information, vetting them, and presenting them to homeowners.

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Website
haletale.com
Employee range
101 – 250
Web Traffic (Monthly)
Funding amount
$311M
National Rank(Canada)
Regional Rank(North America)
Global Rank(Worldwide)

Total amount:1563

Top Hiring Startups in Toronto by Employee Number

The top three hiring startups in Toronto have an median employee size that is between [10001+]
1st
Softcom logo
SoftcomSB Score: 391

SoftCom Group is a provider of cloud hosting, email and business communications services worldwide, serving tens of thousands of businesses through its family of Internet brands. The Group leverages Internet Data Centers around the world and is delivers a complete set of solutions to the small to medium size business market from domain names, shared hosting, business email & collaboration, virtual private server, dedicated servers to SEO, website design, online marketing and complex managed hosting solutions.

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Website
softcom.com
Employee range
10,001+
Web Traffic (Monthly)
Funding amount
$22M
National Rank(Canada)
Regional Rank(North America)
Global Rank(Worldwide)
2nd
Thoughtworks Canada logo
Thoughtworks CanadaSB Score: 355

Thoughtworks Canada is revolutionizing the world through their innovative culture and technology expertise. They create significant impact by combining cutting-edge technology with their unique approach to problem-solving.

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Website
www.thoughtworks.com
Employee range
10,001+
Web Traffic (Monthly)
Funding amount
National Rank(Canada)
Regional Rank(North America)
Global Rank(Worldwide)
3rd
Telo Genomics logo
Telo GenomicsSB Score: 181

Telo Genomics, based in Toronto, Canada, provides a telomere platform for cancer and neurological disease biopsies. Founded in 2014 by Dr. Sabine Mai, the biotech company offers innovative technologies for improved diagnostics and treatment in these fields.

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Website
telodx.com
Employee range
10,001+
Web Traffic (Monthly)
Funding amount
National Rank(Canada)
Regional Rank(North America)
Global Rank(Worldwide)
4th
OnTab logo
OnTabSB Score: 176

OnTab is an online service that enables merchants to start accepting mobile payments. The company’s patented, dual-authentication technology allows users to pay anonymously, which can significantly decrease the risk of credit card fraud and identity theft. OnTab was launched in 2012 and is based in Toronto, Ontario.

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Website
www.ontab.com
Employee range
10,001+
Web Traffic (Monthly)
Funding amount
National Rank(Canada)
Regional Rank(North America)
Global Rank(Worldwide)

Total amount:2655

Explore More Top Startups

Explore the Startup Ecosystem of Toronto

National Rank

(Canada)

1st

0

Regional Rank

(North America)

8th

1

Global Rank

(WorldWide)

18th

4

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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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