About NEXT Canada
NEXT Canada, an accelerator and incubator program founded in 2010, is based in Toronto, Canada. With a presence in 3 countries, it has supported around 111 startups in sectors like Enterprise Applications, High Tech. As of Jun 2026, NEXT Canada has 1 unicorn under its belt and has witnessed 9 portfolio exits. Most notable companies in
its portfolio include Super, Flashfood and Atomwise. The program is backed by a team of 74 people who primarily support Seed startups based in Canada. Its latest investment was a $1.64M Seed round in Fairly on Apr 19, 2023, which also saw participation from Flying Fish Ventures and Backstage Capital.
NEXT Canada's List of Top Investments
NEXT Canada has a portfolio of 111 companies, one of which is a Unicorn. Their most notable investments are in Simmunome and Onyx Motion.Their portfolio spans across Canada, United States and Germany. They have invested in Enterprise Applications, High Tech, Consumer and 29 other sectors, across stages such as Seed stage. Here is the list of top investments by NEXT Canada:
1. Super
Provider of an all-in-one mobile app offering travel savings, rewards, and budgeting solutions. It is an online platform offering a range of services including travel booking, savings, and rewards to help users manage the finances and make informed spending decisions.
Key facts about Super
- Founded Year: 2016
- Location: San Francisco (United States)
- Stage: Series C
- Total Funding till date: $161M
- Employee Count: 6 as on May 31, 2026
- Investors: Carson Private Capital, Inovia Capital and 21 Others
- Latest Funding Round: Conventional Debt, Apr 24, 2023, $*****
- Highlight: Editors' Pick
2. Flashfood
Online marketplace to buy and sell excess food. Allows restaurants, grocers, and caterers to list the excess product they want to sell by offering steep discounts. Buyers can discover nearby deals and place the order for pickup from the location. The company offers mobile applications for Android and iOS platforms.
Key facts about Flashfood
- Founded Year: 2016
- Location: Toronto (Canada)
- Stage: Series A
- Total Funding till date: $13.8M
- Investors: General Catalyst, ArcTern Ventures and 11 Others
- Latest Funding Round: Series A, Feb 28, 2022, $*****
- Highlight: Editors' Pick
3. Atomwise
Developer of artificial intelligence platform for small molecule drug discovery. The platform combines convolutional neural networks with chemical libraries to accelerate drug discovery. It focuses expertise on challenging problems to transform small molecule drug discovery. The company develops a portfolio of wholly owned and co-developed pipeline assets.
Key facts about Atomwise
- Founded Year: 2012
- Location: San Francisco (United States)
- Stage: Series B
- Total Funding till date: $219M
- Employee Count: 16 as on May 31, 2026
- Investors: AME Cloud Ventures, Runway and 27 Others
- Latest Funding Round: Series B, Mar 08, 2024, $*****
- Highlight: Editors' Pick
4. SkyWatch
Provider of digital infrastructure for the distribution of earth satellite data. It is a platform with comprehensive APIs to facilitate machine-to-machine integration, informative dashboards to monitor usage, and an easy-to-use code builder to rapidly develop associated applications. It acts as a single access point to discover and access the remote sensing datasets and advanced processing algorithms for application developers for geospatial analytics. Its applications are in agriculture, finance, logistics, and climate.
Key facts about SkyWatch
- Founded Year: 2014
- Location: Kitchener (Canada)
- Stage: Series B
- Total Funding till date: $28M
- Employee Count: 42 as on May 31, 2026
- Investors: Bullpen Capital, Corridor and 15 Others
- Latest Funding Round: Series B, Jun 15, 2021, $*****
- Highlight: Editors' Pick
5. Hashtag Paid
Platform offering influencer marketing and collaboration software. The platform offers software that lets brands and influencers collaborate. Once a brand finds an influencer, it sends a collaboration request that includes a campaign brief along with the deliverables required. If the influencer accepts, a chat will open and the brand and influencer can begin collaborating in real time. Influencers can only post the content after the brand approves it.
Key facts about Hashtag Paid
- Founded Year: 2013
- Location: Toronto (Canada)
- Stage: Series B
- Total Funding till date: $22M
- Employee Count: 159 as on May 31, 2026
- Investors: Sands Capital, MaRS Discovery District and 20 Others
- Latest Funding Round: Series B, Aug 26, 2021, $*****
- Highlight: Editors' Pick
NEXT Canada's Year-on-Year Investment Trends
NEXT Canada has invested in 111 companies over the last 11 years, with an average of 1 new investment annually in the last 10 years. Its most recent first time investment was in Fairly and most recent follow-on round was in Onyx Motion.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 1 | 0 | 1 |
2022 | 0 | 0 | 0 |
2021 | 1 | 0 | 1 |
2020 | 1 | 0 | 1 |
2019 | 2 | 0 | 2 |
2018 | 0 | 0 | 0 |
2017 | 1 | 0 | 1 |
NEXT Canada's Investments by Stage
NEXT Canada has made 7 investments in Seed stage with an average round size of $1.09M.NEXT Canada's Investments by Sector
NEXT Canada has a diverse portfolio, with companies operating in the Enterprise Applications, HealthTech, Consumer, FinTech and High Tech. Notably, it has invested in 93 Tech companies, 62 Enterprise (B2B) companies, 50 Software companies and at least 39 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 3 |
HealthTech | 3 |
Consumer | 2 |
FinTech | 2 |
High Tech | 2 |
Others | 10 |
Note: We have considered here, only first round of investments
NEXT Canada's Investments by Geography
NEXT Canada has made most investments in Canada (7).NEXT Canada's recent investments
NEXT Canada has not made any investment in 2026 so far.Here are the most recent investments by NEXT Canada:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 19, 2023 | Canada | Seed | 7438 | [+3] | |
Dec 08, 2021 | Canada | Seed | 6047 | [+3] | |
Sep 24, 2020 | Canada | Seed | 1719 | - | |
2019 | Canada | Seed | 9879 | - | |
May 22, 2019 | Canada | Seed | 6387 | [+1] |
Unicorns in NEXT Canada's Portfolio
NEXT Canada has 1 unicorn in its portfolio - Ada. The most recent unicorn in their portfolio is Ada which became a unicorn in 2021, 5 years before NEXT Canada first invested in it.Here is a list of unicorns in NEXT Canada's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
65 | AI platform for text based customer support | 2016 | Toronto | Series C | xbiwkoy |
Acquired companies in NEXT Canada's Portfolio
9 companies from NEXT Canada's portfolio have been acquired. The most recent acquisition was Summatti in May 2023 by PartnerHero for $*****.Here are NEXT Canada's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 04, 2023 | - | - | 9743 | |
Apr 12, 2022 | - | - | 5243 | |
Apr 05, 2022 | - | - | 2985 | |
Jan 18, 2022 | - | - | 4254 | |
Oct 22, 2021 | - | - | 4520 |
Team profile of NEXT Canada
NEXT Canada has a team of 74 members including 19 Partners and 1 Venture Partner located in Canada and United States. NEXT Canada's team does not sit on the board of any company as of now.Here is a list of top team members in NEXT Canada:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Canada | - | - | |
Partner | - | - | - | |
Partner | Santa Monica | - | ||
Partner | - | - | ||
Partner | Toronto | - | ||
Partner | Toronto | - | - | |
Partner | United States | - | ||
Partner | Canada | - | - | |
Partner | - | - | - | |
Partner | Toronto | - | ||
Partner | Toronto | - |
Co-investors of NEXT Canada
Over the past 11 years, 30 investors have co-invested in NEXT Canada's portfolio companies. This includes funds and angels.
- Invested before NEXT Canada: FinTech Innovation Lab, Techstars and 1 other have invested in rounds before NEXT Canada. There is 1 company where FinTech Innovation Lab has invested before NEXT Canada and 1 company where Techstars has invested before NEXT Canada.
- Top Co-investors of NEXT Canada: 9 investors entered a company along with NEXT Canada. These include investors like Flying Fish Ventures (1 company).
- Invested after NEXT Canada: A total of 18 investors have invested in NEXT Canada's portfolio after their investments. Top Investors include China Canada Angel Alliance (1 company) and Relentless Venture Fund (1 company).
Recent News related to NEXT Canada
•
•
Hatch to work with NEXT Canada to accelerate Canadian AI foundersGlobeNewswire•Jul 12, 2022•Hatch, NEXT Canada
•
•
Flare Systems Raises $1 Million For Darknet Intelligence SoftwareBetaKit•Oct 17, 2019•Flare, Startup en residence, Centech, NEXT Canada and 5 others
•
Senso.ai Announces $1.5 Million Cad Raise At #CollisionconfBetaKit•May 22, 2019•Senso, Breakaway Growth, NEXT Canada, Techstars
•
•
•
Top AI institutions launch hub to showcase Canada's leadershipDigital Journal•Jan 17, 2018•NEXT Canada
•
•
