Top Unicorn Startups in Toronto for 2024

In Toronto, we rank 8 unicorn startups based on an algorithm that considers factors such as total investment, quarterly employee count, and website traffic. Unicorns in Toronto are falling behind the performance of their global counterparts.

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Top Unicorns in Toronto for 2024

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

National Rank (Canada)

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Regional Rank (North America)

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Global Rank (WorldWide)

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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

National Rank (Canada)

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Regional Rank (North America)

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Global Rank (WorldWide)

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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

National Rank (Canada)

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Regional Rank (North America)

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Global Rank (WorldWide)

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Total amount:8

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 unicorns in Toronto have raised more than USD 691M, an amount that is higher than the global industry average.
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

National Rank (Canada)

0

View

Regional Rank (North America)

0

View

Global Rank (WorldWide)

0

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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

National Rank (Canada)

0

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Regional Rank (North America)

0

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Global Rank (WorldWide)

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SB Score:513

Figment is a Canadian company that creates blockchain infrastructure and offers crypto staking services. They develop systems that generate rewards for users holding PoS tokens.

Industry:
Software & Data
Subindustry:
Comtech

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:4

Most Valuable Unicorns in Toronto for 2024

The top three most valuable unicorns in Toronto have raised total funding of more than USD 1.63B. Among the top three funded unicorns, the most popular industry, based on total funding, is Fintech.
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

National Rank (Canada)

0

View

Regional Rank (North America)

0

View

Global Rank (WorldWide)

0

Browse
View full page
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

National Rank (Canada)

0

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Regional Rank (North America)

0

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Global Rank (WorldWide)

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SB Score:523

Clearco offers performance financing products & services for founders to succeed. As the largest ecommerce investor, Clearco's pay-as-you-grow model breaks barriers for brilliant ideas to become successful businesses.

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

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SB Score:513

Figment is a Canadian company that creates blockchain infrastructure and offers crypto staking services. They develop systems that generate rewards for users holding PoS tokens.

Industry:
Software & Data
Subindustry:
Comtech

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:387

Orchard simplifies the process of selling your phone with advanced analytics that automatically assess its hardware and software. Using a unique scratch interface, the app determines your phone's condition, sets a fair price based on real-time data, and creates a stunning listing for easy sharing. Earn up to $205 more than traditional resale programs and reach a wider audience with Orchard's selling services.

Industry:
Software & Data
Subindustry:
Apps

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: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

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:530

Xanadu is on a mission to make quantum computers accessible to all through their full-stack approach, developing hardware, software, and cutting-edge research with partners. Join us in shaping the future of computing for everyone, everywhere.

Industry:
Hardware & IoT
Subindustry:
Manufacturing

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:8

Top Hiring Unicorns in Toronto by Employee Number

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

National Rank (Canada)

0

View

Regional Rank (North America)

0

View

Global Rank (WorldWide)

0

Browse
View full page
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

National Rank (Canada)

0

View

Regional Rank (North America)

0

View

Global Rank (WorldWide)

0

Browse
View full page
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

National Rank (Canada)

0

View

Regional Rank (North America)

0

View

Global Rank (WorldWide)

0

Browse
View full page
SB Score:523

Clearco offers performance financing products & services for founders to succeed. As the largest ecommerce investor, Clearco's pay-as-you-grow model breaks barriers for brilliant ideas to become successful businesses.

Industry:
Fintech
Subindustry:
Fintech-Other

National Rank (Canada)

0

View

Regional Rank (North America)

0

View

Global Rank (WorldWide)

0

Browse
View full page

Total amount:8

Explore the Startup Ecosystem of Toronto

National Rank

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1st

0

Regional Rank

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9th

1

Global Rank

(WorldWide)

22nd

1

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Top Cities for Startups in Canada - Ranked by StartupBlink
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