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 86, including 19 partners.

How many companies has NEXT Canada invested in?

NEXT Canada has invested in 112 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 9 acquisitions.

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

There is 1 unicorn 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 112 startups in sectors like Enterprise Applications, High Tech. As of Apr 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 SkyWatch. The program is backed by a team of 86 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 & 110 more

Sectors of Investment

Enterprise Applications, High Tech & 30 more

Stages of Investment

Seed

Locations of Investment

Canada, United States & 1 more

Unicorn in Portfolio

Ada

View NEXT Canada's full profile

NEXT Canada has a portfolio of 112 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 Mar 31, 2026
Investors: Carson Private Capital, Lightbank 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: Techstars, ArcTern Ventures and 11 Others
Latest Funding Round: Series A, Feb 28, 2022, $*****
Highlight: Editors' Pick

3. 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: 85 as on Dec 31, 2024
Investors: Bullpen Capital, Globalive Capital and 15 Others
Latest Funding Round: Series B, Jun 15, 2021, $*****
Highlight: Editors' Pick

4. 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: 18 as on Mar 31, 2026
Investors: Runway, AME Cloud Ventures and 27 Others
Latest Funding Round: Series B, Mar 08, 2024, $*****
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: 124 as on Dec 31, 2024
Investors: Sands 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 112 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	1	0	1
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 7 investments in Seed stage with an average round size of $1.09M.

View all investments by NEXT Canada

NEXT Canada has a diverse portfolio, with companies operating in the Enterprise Applications, HealthTech, Consumer, FinTech and High Tech. Notably, it has invested in 94 Tech companies, 62 Enterprise (B2B) companies, 51 Software companies and at least 40 companies focusing on Consumer (B2C).

Here are NEXT Canada's investments by sector:

Sector	No. of Investments
Enterprise Applications	3
HealthTech	3
Consumer	2
FinTech	2
High Tech	2
Others	11

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

View all investments by NEXT Canada

NEXT Canada has made most investments in Canada (7).

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	9003	Flying Fish Ventures [+3]
Dec 08, 2021	Marlow	Canada	Seed	7213	Francois Arbour [+3]
Sep 24, 2020	Simmunome	Canada	Seed	1800	-
2019	Forvera Health	Canada	Seed	3217	-
May 22, 2019	Senso	Canada	Seed	5101	Breakaway Growth [+1]

See more recent investments made by NEXT Canada

NEXT Canada has 1 unicorn in its portfolio - Ada. The most recent unicorn in their portfolio is Ada which became a unicorn in 2021, 4 years before NEXT Canada first invested in it.

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
65	Ada	AI platform for text based customer support	2016	High Tech [+1]	Toronto	Series C	rgtempk

View more details about unicorns in NEXT Canada's portfolio

9 companies from NEXT Canada's portfolio have been acquired. The most recent acquisition were Summatti in May 2023 by PartnerHero.

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
Summatti	May 04, 2023	-	-	4031
Nymi	Apr 12, 2022	-	-	9997
ConversationHEALTH	Apr 05, 2022	-	-	7749
Inkbox	Jan 18, 2022	-	-	8335
FLIK	Oct 22, 2021	-	-	3857

View all acquired companies in NEXT Canada's portfolio

NEXT Canada has a team of 86 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
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
Kevin Kimsa	Partner	Toronto	-	-
Reza Satchu	Partner	United States	-	2 Emails
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, 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).