Top Unicorn Startups in Canada for 2025

In Canada, we rank 22 unicorn startups based on an algorithm that considers factors such as total investment, quarterly employee count, and website traffic. Unicorns in Canada are falling behind the performance of their global counterparts.

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Top Unicorn Startups in Canada for 2025

SB Score:726

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.

Industry:
Software & Data
Subindustry:
Apps

City Rank (Toronto)

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Regional Rank (North America)

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Global Rank (WorldWide)

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2nd

Clio
SB Score:723

Clio streamlines law firm operations with online tools for practice management and client collaboration. Boost efficiency and communication with this web-based suite designed to simplify legal workflows.

Industry:
Software & Data
Subindustry:
Enterprise Technology

City Rank (Vancouver)

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Regional Rank (North America)

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Global Rank (WorldWide)

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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

City Rank (Toronto)

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Regional Rank (North America)

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Global Rank (WorldWide)

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Total amount:22

Best Software & Data Startups in Canada for 2025

Canada startups in the Software & Data industry are overperforming their global industry peers. The top three Software & Data unicorns in Canada have raised more than USD 1.64B, an amount that is higher than the global industry average.
SB Score:726

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.

Industry:
Software & Data
Subindustry:
Apps

City Rank (Toronto)

0

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Regional Rank (North America)

0

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Global Rank (WorldWide)

0

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2nd

Clio
SB Score:723

Clio streamlines law firm operations with online tools for practice management and client collaboration. Boost efficiency and communication with this web-based suite designed to simplify legal workflows.

Industry:
Software & Data
Subindustry:
Enterprise Technology

City Rank (Vancouver)

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Regional Rank (North America)

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Global Rank (WorldWide)

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SB Score:644

Hopper is the smart way to book travel on your phone. Combining massive amounts of data and advanced machine learning algorithms, Hopper predicts and analyzes airfare and accommodation to save users money and enable them to travel more often.

Industry:
Software & Data
Subindustry:
Apps

City Rank (Montreal)

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Regional Rank (North America)

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Global Rank (WorldWide)

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Total amount:12

Most Valuable Unicorns in Canada for 2025

The top three most valuable unicorns in Canada have raised total funding of more than USD 23.5B. Among the top three funded unicorns, the most popular industry, based on total funding, is Software & Data.
SB Score:504

Dapper Labs, the company behind NBA Top Shot, uses blockchain technology to bring NFTs and new forms of digital engagement to fans around the world. Since it was founded in 2018, Dapper Labs has given consumer enthusiasts a real stake in the game by bringing them closer to the brands they love, building engaged and exciting communities for them to contribute to, and producing new pathways for them to become creators themselves.

Industry:
Fintech
Subindustry:
Blockchain

City Rank (Vancouver)

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Regional Rank (North America)

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Global Rank (WorldWide)

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SB Score:726

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.

Industry:
Software & Data
Subindustry:
Apps

City Rank (Toronto)

0

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Regional Rank (North America)

0

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Global Rank (WorldWide)

0

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SB Score:644

Hopper is the smart way to book travel on your phone. Combining massive amounts of data and advanced machine learning algorithms, Hopper predicts and analyzes airfare and accommodation to save users money and enable them to travel more often.

Industry:
Software & Data
Subindustry:
Apps

City Rank (Montreal)

0

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Regional Rank (North America)

0

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Global Rank (WorldWide)

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Total amount:22

Top Hiring Unicorns in Canada by Employee Number

The top three hiring unicorns in Canada have an average employee size that is smaller than to the global average. Among these, the Ecommerce & Retail industry features the unicorn with the largest workforce.
SB Score:726

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.

Industry:
Software & Data
Subindustry:
Apps

City Rank (Toronto)

0

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Regional Rank (North America)

0

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Global Rank (WorldWide)

0

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2nd

Clio
SB Score:723

Clio streamlines law firm operations with online tools for practice management and client collaboration. Boost efficiency and communication with this web-based suite designed to simplify legal workflows.

Industry:
Software & Data
Subindustry:
Enterprise Technology

City Rank (Vancouver)

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Regional Rank (North America)

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Global Rank (WorldWide)

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SB Score:647

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

City Rank (Waterloo)

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Regional Rank (North America)

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Global Rank (WorldWide)

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SB Score:421

SSENSE is a global platform blending culture, community, and commerce. It offers a unique intersection of fashion and technology for a global audience.

Industry:
Ecommerce & Retail
Subindustry:
Retail

City Rank (Montreal)

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Regional Rank (North America)

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Global Rank (WorldWide)

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Total amount:22

Explore the Startup Ecosystem of Canada

Population

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38.9 Million

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Regional Rank

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2nd

0

Global Rank

(WorldWide)

4th

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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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2024 National Rank CityGlobal Rank
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Total Score

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Quantity Score
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Quality Score
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Business Score
1st
0
22nd
+
1
36.732
00.00
00.00
00.00
2nd
0
40th
+
1
20.495
00.00
00.00
00.00
3rd
0
43rd
+
1
17.743
00.00
00.00
00.00
4th
0
67th
+
1
10.193
00.00
00.00
00.00
5th
0
90th
-
14
8.588
00.00
00.00
00.00
6th
0
107th
+
4
7.280
00.00
00.00
00.00
7th
0
144th
-
15
4.542
00.00
00.00
00.00
8th
0
148th
-
4
4.366
00.00
00.00
00.00
9th
0
179th
+
1
3.232
00.00
00.00
00.00
10th
+
1
219th
+
6
2.118
00.00
00.00
00.00
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