157 Top startups in Waterloo for January 2025

We rank Top Hat, TextNow and Auvik Networks in Waterloo along with 154 other startups based on an algorithm that scores startups based on total investment, employee count, and quarterly website traffic. Waterloo is part of Kitchener Waterloo which ranks #90 globally and #35 in North America.

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Accelerators

Top Unicorn Startups in Waterloo for 2025

Two startups have achieved unicorn status by exceeding USD 1 billion in valuation. Collectively, the top two unicorns in Waterloo have raised more than USD 4.3B.
SB Score:674

ApplyBoard is the leading online platform for students looking to study abroad. With the largest selection of programs worldwide, students can easily find, apply, and secure placements at top universities.

Industry:
Edtech
Subindustry:
Edtech

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SB Score:477

eSentire offers advanced cybersecurity solutions to protect businesses from cyber threats. Their services safeguard enterprises from sophisticated attacks, ensuring their digital assets remain secure.

Industry:
Software & Data
Subindustry:
Cybersecurity

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Total amount:2

Best Startups in Waterloo for 2025

SB Score:681

This startup enhances classroom engagement by allowing students to use their mobile devices for quizzes, live discussions, and interactive simulations. Professors receive instant feedback on student comprehension to adapt lectures in real-time.

Industry:
Edtech
Subindustry:
Edtech

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SB Score:575

TextNow provides a free cell phone service alternative, offering users their own phone number to text and call over WiFi on various devices. With millions of active users in the US and Canada, the profitable company has a team of 22 employees. Visit TextNow.com for more information.

Industry:
Software & Data
Subindustry:
Apps

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SB Score:561

Auvik simplifies network management with its cloud-based platform. Users can easily monitor and manage their networks from anywhere, ensuring seamless connectivity and optimal performance.

Industry:
Software & Data
Subindustry:
Cloud

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SB Score:489

Dejero Labs provides innovative network aggregation technology for broadcast and media companies, ensuring seamless and reliable connectivity. Their solutions empower organizations with dependable communication capabilities, driving efficiency and productivity in the industry.

Industry:
Software & Data
Subindustry:
Cloud

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SB Score:482

Plum provides enterprise organizations with the necessary tools to effectively recruit, train, and utilize their workforce. By leveraging advanced data and technology, Plum helps businesses optimize their talent management processes for maximum efficiency and success.

Industry:
Software & Data
Subindustry:
Enterprise Technology

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SB Score:478

Robotiq's goal is to automate mundane tasks, allowing businesses and employees to concentrate on activities that drive value.

Industry:
Hardware & IoT
Subindustry:
Robotics

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SB Score:455

Axelar is a cutting-edge cross-chain communication platform that enables seamless interoperability between blockchain ecosystems, applications, and users. Its comprehensive suite of protocols, tools, and APIs dismantles barriers to cross-chain communication, empowering developers to create innovative solutions across multiple blockchain networks effortlessly.

Industry:
Software & Data
Subindustry:
Enterprise Technology

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SB Score:451

Mappedin is the top platform for managing indoor spatial data, creating digital maps for venues, and developing exceptional indoor mapping experiences.

Industry:
Software & Data
Subindustry:
Software and Data-Other

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SB Score:426

Uvaro is a career success platform empowering professionals to achieve fulfilling careers through personalized guidance and resources.

Industry:
Edtech
Subindustry:
Edtech

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SB Score:417

Hive is a dynamic customer data and email platform that empowers brands to personalize and automate their marketing campaigns. By harnessing Hive's innovative technology, brands can increase sales, improve customer satisfaction, and drive greater engagement and spending.

Industry:
Software & Data
Subindustry:
Data Analytics

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11th

Sera4
SB Score:409

Sera4, a cybersecurity firm, protects computer systems and networks. Specializing in security solutions, they safeguard against cyber threats.

Industry:
Hardware & IoT
Subindustry:
Hardware

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Total amount:157

Top 56 Software & Data Startups in Waterloo for 2025

The top three Software & Data startups in Waterloo have raised more than USD 149M. Waterloo is part of Kitchener Waterloo which ranks #75 globally for the Software & Data industry.
SB Score:575

TextNow provides a free cell phone service alternative, offering users their own phone number to text and call over WiFi on various devices. With millions of active users in the US and Canada, the profitable company has a team of 22 employees. Visit TextNow.com for more information.

Industry:
Software & Data
Subindustry:
Apps

National Rank (Canada)

0

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Regional Rank (North America)

0

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SB Score:561

Auvik simplifies network management with its cloud-based platform. Users can easily monitor and manage their networks from anywhere, ensuring seamless connectivity and optimal performance.

Industry:
Software & Data
Subindustry:
Cloud

National Rank (Canada)

0

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Regional Rank (North America)

0

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SB Score:489

Dejero Labs provides innovative network aggregation technology for broadcast and media companies, ensuring seamless and reliable connectivity. Their solutions empower organizations with dependable communication capabilities, driving efficiency and productivity in the industry.

Industry:
Software & Data
Subindustry:
Cloud

National Rank (Canada)

0

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Regional Rank (North America)

0

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0

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Total amount:56

Top 12 Edtech Startups in Waterloo for 2025

The top three Edtech startups in Waterloo have raised more than USD 261M. Waterloo is part of Kitchener Waterloo which ranks #24 globally for the Edtech industry.
SB Score:681

This startup enhances classroom engagement by allowing students to use their mobile devices for quizzes, live discussions, and interactive simulations. Professors receive instant feedback on student comprehension to adapt lectures in real-time.

Industry:
Edtech
Subindustry:
Edtech

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:426

Uvaro is a career success platform empowering professionals to achieve fulfilling careers through personalized guidance and resources.

Industry:
Edtech
Subindustry:
Edtech

National Rank (Canada)

0

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Regional Rank (North America)

0

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0

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SB Score:379

DigitalEd offers cloud-based software for online science, engineering, and math courses. Providing innovative education solutions, the platform caters to a variety of subjects and simplifies the learning process.

Industry:
Edtech
Subindustry:
Edtech

National Rank (Canada)

0

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Regional Rank (North America)

0

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0

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Total amount:12

Top 18 Hardware & IoT Startups in Waterloo for 2025

The top three Hardware & IoT startups in Waterloo have raised more than USD 99.8M. Waterloo is part of Kitchener Waterloo which ranks #74 globally for the Hardware & IoT industry.
SB Score:478

Robotiq's goal is to automate mundane tasks, allowing businesses and employees to concentrate on activities that drive value.

Industry:
Hardware & IoT
Subindustry:
Robotics

National Rank (Canada)

0

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Regional Rank (North America)

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SB Score:409

Sera4, a cybersecurity firm, protects computer systems and networks. Specializing in security solutions, they safeguard against cyber threats.

Industry:
Hardware & IoT
Subindustry:
Hardware

National Rank (Canada)

0

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0

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SB Score:394

Nicoya is a revolutionary nanotechnology company creating sensor products with the power to transform industries. Their innovative technology is set to disrupt the market and drive global change.

Industry:
Hardware & IoT
Subindustry:
Nanotechnology

National Rank (Canada)

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Regional Rank (North America)

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Total amount:18

Most Funded Startups in Waterloo for 2025

The top three most funded startups in Waterloo have raised total funding of more than USD 350M. Top Hat has 2.66% more funding than Axelar Network.
SB Score:681

This startup enhances classroom engagement by allowing students to use their mobile devices for quizzes, live discussions, and interactive simulations. Professors receive instant feedback on student comprehension to adapt lectures in real-time.

Industry:
Edtech
Subindustry:
Edtech

National Rank (Canada)

0

View

Regional Rank (North America)

0

View

Global Rank (WorldWide)

0

Browse
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SB Score:455

Axelar is a cutting-edge cross-chain communication platform that enables seamless interoperability between blockchain ecosystems, applications, and users. Its comprehensive suite of protocols, tools, and APIs dismantles barriers to cross-chain communication, empowering developers to create innovative solutions across multiple blockchain networks effortlessly.

Industry:
Software & Data
Subindustry:
Enterprise Technology

National Rank (Canada)

0

View

Regional Rank (North America)

0

View

Global Rank (WorldWide)

0

Browse
View full page
SB Score:489

Dejero Labs provides innovative network aggregation technology for broadcast and media companies, ensuring seamless and reliable connectivity. Their solutions empower organizations with dependable communication capabilities, driving efficiency and productivity in the industry.

Industry:
Software & Data
Subindustry:
Cloud

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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Total amount:157

Top Hiring Startups in Waterloo by Employee Number

The top three hiring startups in Waterloo have an median employee size that is between [10001+]
SB Score:405

A pioneering in Enterprise Information Management, OpenText empowers organizations to efficiently manage and leverage their data. From data storage to analysis, OpenText provides cutting-edge solutions for businesses to optimize their information management processes.

Industry:
Marketing & Sales
Subindustry:
Content Marketing

National Rank (Canada)

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SB Score:178

Elucid Labs is a MedTech company that develops an advanced augmented intelligence imaging solution for the early detection and diagnosis of skin cancer. Their proprietary technology analyzes the molecular composition of skin at various depths, creating a unique fingerprint for each mole or lesion.

Industry:
Healthtech
Subindustry:
Health Care

National Rank (Canada)

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Descartes leads the market in delivering on-demand software solutions to enhance productivity. Their focus is on providing engaging and error-free services to help businesses thrive.

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

National Rank (Canada)

0

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Regional Rank (North America)

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SB Score:681

This startup enhances classroom engagement by allowing students to use their mobile devices for quizzes, live discussions, and interactive simulations. Professors receive instant feedback on student comprehension to adapt lectures in real-time.

Industry:
Edtech
Subindustry:
Edtech

National Rank (Canada)

0

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Regional Rank (North America)

0

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Global Rank (WorldWide)

0

Browse
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Total amount:157

Explore the Startup Ecosystem of Waterloo

National Rank

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5th

0

Regional Rank

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35th

6

Global Rank

(WorldWide)

90th

14

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