When was NEXT Canada founded?

NEXT Canada was founded in 2010.

Where is NEXT Canada's headquarters located?

NEXT Canada's headquarters is located in Toronto (Canada).

How big is NEXT Canada's investment team?

NEXT Canada has a team of 62, including 17 partners.

How many companies has NEXT Canada invested in?

NEXT Canada has invested in 111 companies, including Super & Flashfood.

Which companies has NEXT Canada invested in lately?

Fairly & Marlow are the latest investments by NEXT Canada.

How many exits has NEXT Canada been involved in?

NEXT Canada's portfolio has seen 10 acquisitions.

How many unicorns are there in NEXT Canada's portfolio?

There are 2 unicorns in NEXT Canada's portfolio.

NEXT Canada - 2026 Investor Profile, Portfolio, Team & Investment Trends

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 Oct 2026, NEXT Canada has 2 unicorns under its belt and has witnessed 10 portfolio exits. Most notable companies in its portfolio include Super, Flashfood and Atomwise. The program is backed by a team of 62 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.

Key Metrics

Founded Year

2010

Location

Toronto, Canada

Portfolio Companies

Super, Flashfood & 109 more

Sectors of Investment

Enterprise Applications, High Tech & 31 more

Stages of Investment

Seed

Locations of Investment

Canada, United States & 1 more

Unicorn in Portfolio

Super & Ada

View NEXT Canada's full profile

NEXT Canada has a portfolio of 111 companies, including 2 unicorns. 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 30 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)
Valuation: $*****
Stage: Series D
Total Funding till date: $226M
Employee Count: 201 - 500 as on Jul 16, 2025
Investors: Inovia Capital, Bee Partners and 22 Others
Latest Funding Round: Series D, Jul 07, 2026, $*****
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
Employee Count: 72 as on Jun 30, 2026
Investors: ArcTern Ventures, S2G Investments 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)
Valuation: $*****
Stage: Series B
Total Funding till date: $219M
Employee Count: 13 as on Sep 30, 2026
Investors: AME Cloud Ventures, Runway and 27 Others
Latest Funding Round: Series B, Mar 08, 2024, $*****
Highlight: Editors' Pick

4. Ada

AI platform for text based customer support. The platform helps organizations manage customer conversations across different industries through written communication. It supports handling inquiries, responses, and ongoing support interactions within a centralized online system.

Key facts about Ada

Founded Year: 2016
Location: Toronto (Canada)
Valuation: $*****
Stage: Series C
Total Funding till date: $200M
Employee Count: 803 as on Sep 30, 2026
Investors: Spark Capital, FedDev Ontario and 22 Others
Latest Funding Round: Grant (prize money), Mar 04, 2025, $*****
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: 158 as on Sep 30, 2026
Investors: Vanedge Capital, MaRS Discovery District and 20 Others
Latest Funding Round: Series B, Aug 26, 2021, $*****
Highlight: Editors' Pick

View the full list of portfolio companies

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.

Here are NEXT Canada's Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st 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	2	0	2
2020	1	0	1
2019	2	0	2
2018	0	0	0
2017	1	0	1

View all investments by NEXT Canada

NEXT Canada has made 8 investments in Seed stage with an average round size of $913K.

View all investments by NEXT Canada

NEXT Canada has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, HealthTech, Artificial Intelligence - Industry Applications and FinTech. Notably, it has invested in 93 Tech companies, 62 Enterprise (B2B) companies, 50 Software companies and at least 39 companies focusing on Consumer (B2C).

Here are NEXT Canada's investments by sector:

Sector	No. of Investments
Enterprise Applications	4
Consumer	3
HealthTech	3
Artificial Intelligence - Industry Applications	2
FinTech	2
Others	12

Note: We have considered here, only first round of investments

View all investments by NEXT Canada

NEXT Canada has made most investments in Canada (8), followed by United States where it has made 1 investment.

Here are NEXT Canada's investments by geography:

Country	No. of Investments
Canada	8
United States	1

Note: We have considered here, only first round of investments

View all investments by NEXT Canada

NEXT Canada has not made any investment in 2026 so far.

Here are the most recent investments by NEXT Canada:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
Apr 19, 2023	Fairly	Canada	Seed	4804	Flying Fish Ventures [+3]
Dec 08, 2021	Marlow	Canada	Seed	8902	Francois Arbour [+3]
Nov 2021	Pilot	United States	Seed	2070	-
Sep 24, 2020	Simmunome	Canada	Seed	7145	-
2019	Forvera Health	Canada	Seed	2534	-

See more recent investments made by NEXT Canada

NEXT Canada has 2 unicorns in its portfolio - Super and Ada. The most recent unicorn in their portfolio is Super. It became a unicorn in 2026.

Here is a list of unicorns in NEXT Canada's portfolio:

Filter this list

Tracxn Score	Company	Short Description	Founded year	Sector	Location	Company Stage	First Investment/ Acquisition Details
81	Super	Provider of an all-in-one mobile app offering travel savings, rewards, and budgeting solutions	2016	Consumer [+3]	San Francisco	Series D	llurlrc
66	Ada	AI platform for text based customer support	2016	High Tech [+1]	Toronto	Series C	xdzhoqe

View more details about unicorns in NEXT Canada's portfolio

10 companies from NEXT Canada's portfolio have been acquired. The most recent acquisition was Senso in Oct 2026 by Zeta Global for $*****.

Here are NEXT Canada's portfolio companies that got acquired most recently:

Filter this list

Company	Acquisition Date	First Invested on	First Round of Investment	Round Size
Senso	Oct 06, 2026	May 22, 2019	Seed	1473
Summatti	May 04, 2023	-	-	8698
Nymi	Apr 12, 2022	-	-	2972
ConversationHEALTH	Apr 05, 2022	-	-	7064
Inkbox	Jan 18, 2022	-	-	7606

View all acquired companies in NEXT Canada's portfolio

NEXT Canada has a team of 62 members including 17 Partners 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
Mallorie Brodie	Partner	Canada	-	-
Emilie Cushman	Partner	-	-	-
Adam Jiwan	Partner	Santa Monica	-	2 Emails
Rafal Dittwald	Partner	-	-	1 Email
Ajay Agrawal	Partner	Toronto	-	1 Email
Reza Satchu	Partner	United States	-	2 Emails
IAN BURGESS	Partner	Toronto	-	-
Som Seif	Partner	Canada	-	-
Beth Porter	Partner	-	-	-
Mischa Hamara	Partner	Toronto	-	1 Email
Alexandra Mcgregor	Partner	Toronto	-	1 Email

View team details of NEXT Canada

Over the past 11 years, 37 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: 10 investors entered a company along with NEXT Canada. These include investors like Flying Fish Ventures (1 company).
Invested after NEXT Canada: A total of 24 investors have invested in NEXT Canada's portfolio after their investments. Top Investors include Techstars (1 company) and Mendoza Ventures (1 company).