2023 Top startups in Toronto for December 2024

We rank KOHO Financial, LifeLabs and Ideogram in Toronto along with 2020 other startups based on an algorithm that scores startups based on total investment, employee count, and quarterly website traffic. Toronto ranks #22 globally and #1 in Canada.

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Top Unicorns in Toronto for 2024

8 startups have achieved unicorn status by exceeding USD 1 billion in valuation. Collectively, the top three unicorns in Toronto have raised more than USD 12.8B.
SB Score:760

1Password is a user-friendly password manager that securely stores documents, credit card info, and addresses. It offers convenience and peace of mind for users looking to keep their sensitive information safe and easily accessible.

Industry:
Software & Data
Subindustry:
Cybersecurity

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SB Score:700

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:658

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:623

KOHO Financial offers a user-friendly banking app for simplified access to financial products. Their platform is designed to make banking easier for all, providing a seamless experience for managing your money.

Industry:
Fintech
Subindustry:
Fintech-Other

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SB Score:622

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:617

Ideogram is an innovative artificial intelligence startup specializing in generative text-to-image technology. It empowers users to effortlessly transform textual descriptions into captivating images, enhancing creativity and visual storytelling across various applications, from marketing to art.

Industry:
Software & Data
Subindustry:
Artificial Intelligence

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SB Score:616

Founded in 2017, GoBolt is a pioneering technology company creating a sustainable, vertically integrated supply chain network. By collaborating with merchants, GoBolt delivers a seamless end-to-end customer experience, redefining the way products are transported and ensuring efficiency and sustainability at every stage.

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

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5th

Kik
SB Score:616

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:613

Borrowell helps consumers make great choices about their credit. With its free credit score monitoring, personal loans and product recommendations, Borrowell empowers Canadians to improve their financial well-being and be the hero of their credit.

Industry:
Fintech
Subindustry:
Financial Services

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SB Score:608

Tailscale simplifies building and managing private networks with their innovative corporate VPN alternative. Connect securely and seamlessly with ease.

Industry:
Software & Data
Subindustry:
Cybersecurity

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SB Score:606

StackAdapt is an intuitive advertising platform that provides native, display, video, connected TV, and audio ad solutions. By integrating advanced machine learning with an exceptional user experience, it stands out as a premier choice for comprehensive multi-channel advertising needs.

Industry:
Software & Data
Subindustry:
Artificial Intelligence

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SB Score:596

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

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10th

Q4
SB Score:591

Q4 is a SaaS platform offering investor relations professionals communication and intelligence solutions. It helps users streamline their investor communications and gain valuable insights to make informed decisions.

Industry:
Marketing & Sales
Subindustry:
CRM

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11th

Ritual
SB Score:589

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

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Total amount:2023

Top 757 Software & Data Startups in Toronto for 2024

The top three Software & Data startups in Toronto have raised more than USD 691M. Toronto ranks 13 globally for the Software & Data industry.
SB Score:617

Ideogram is an innovative artificial intelligence startup specializing in generative text-to-image technology. It empowers users to effortlessly transform textual descriptions into captivating images, enhancing creativity and visual storytelling across various applications, from marketing to art.

Industry:
Software & Data
Subindustry:
Artificial Intelligence

National Rank (Canada)

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SB Score:608

Tailscale simplifies building and managing private networks with their innovative corporate VPN alternative. Connect securely and seamlessly with ease.

Industry:
Software & Data
Subindustry:
Cybersecurity

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SB Score:606

StackAdapt is an intuitive advertising platform that provides native, display, video, connected TV, and audio ad solutions. By integrating advanced machine learning with an exceptional user experience, it stands out as a premier choice for comprehensive multi-channel advertising needs.

Industry:
Software & Data
Subindustry:
Artificial Intelligence

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Total amount:757

Top 243 Fintech Startups in Toronto for 2024

The top three Fintech startups in Toronto have raised more than USD 553M. Toronto ranks 19 globally for the Fintech industry.
SB Score:623

KOHO Financial offers a user-friendly banking app for simplified access to financial products. Their platform is designed to make banking easier for all, providing a seamless experience for managing your money.

Industry:
Fintech
Subindustry:
Fintech-Other

National Rank (Canada)

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SB Score:613

Borrowell helps consumers make great choices about their credit. With its free credit score monitoring, personal loans and product recommendations, Borrowell empowers Canadians to improve their financial well-being and be the hero of their credit.

Industry:
Fintech
Subindustry:
Financial Services

National Rank (Canada)

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SB Score:568

RateHub.ca is a website where users can easily compare rates for mortgages, insurance, and credit cards in Canada. Find the best deals all in one place.

Industry:
Fintech
Subindustry:
Financial Services

National Rank (Canada)

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Total amount:243

Top 239 Ecommerce & Retail Startups in Toronto for 2024

The top three Ecommerce & Retail startups in Toronto have raised more than USD 330M. Toronto ranks 24 globally for the Ecommerce & Retail industry.
SB Score:616

Founded in 2017, GoBolt is a pioneering technology company creating a sustainable, vertically integrated supply chain network. By collaborating with merchants, GoBolt delivers a seamless end-to-end customer experience, redefining the way products are transported and ensuring efficiency and sustainability at every stage.

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

National Rank (Canada)

0

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0

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SB Score:596

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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SB Score:544

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

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Total amount:239

Most Funded Startups in Toronto for 2024

The top three most funded startups in Toronto have raised total funding of more than USD 821M. Hydrostor has 0.06% more funding than KOHO Financial.
SB Score:434

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

Industry:
Energy & Environment
Subindustry:
Energy

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SB Score:623

KOHO Financial offers a user-friendly banking app for simplified access to financial products. Their platform is designed to make banking easier for all, providing a seamless experience for managing your money.

Industry:
Fintech
Subindustry:
Fintech-Other

National Rank (Canada)

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SB Score:565

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)

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Total amount:2023

Top Hiring Startups in Toronto by Employee Number

The top three hiring startups in Toronto have an median employee size that is between [10001+]
SB Score:335

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.

Industry:
Software & Data
Subindustry:
Software

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SB Score:168

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

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SB Score:622

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)

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4th

PIVX
SB Score:258

PIVX is a faster and more private version of Bitcoin that rewards small investors. Join PIVX for speedy transactions, enhanced privacy, and rewarding opportunities for all levels of investment.

Industry:
Fintech
Subindustry:
Financial Services

National Rank (Canada)

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Total amount:2023

Explore the Startup Ecosystem of Toronto

National Rank

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1st

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Regional Rank

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9th

1

Global Rank

(WorldWide)

22nd

1

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