About Continued Learning sector in Canada
The Continued Learning sector in Canada comprises 1.2K companies, including 87 funded companies having collectively raised $118M in venture capital money and private equity. Out of these, 34 are Series A+ funded.
Continued Learning sector in Canada has seen 18 acquisitions and 8 IPOs.
This sector includes companies which provide self-paced and instructor led courses and learning resources for professional learning, skill development and casual learning.
Continued Learning sector is also known as Upskilling Platforms, Skill Development Platforms or Continuing Education.
- Technology companies which provide continued learning through pre-recorded online lessons, live tutoring, games, interactive exercises. The Courses can be either self-created or aggregated.
- Also includes companies which provide collaborative peer-to-peer learning platforms via audio, chat, video and discussion forums. - Companies which provide continued learning through offline tutoring and training centres.
- Also excluded are companies providing eLearning courses exclusively to enterprises for employee training.
Top Continued Learning Companies in Canada
There are 1,201 Continued Learning startups in Canada which include Thinkific, CFI, LumiQ, Figure 1, Disco. Out of these, 87 startups are funded, with 34 having secured Series A+ funding.
2026 has seen the creation of 19 Continued Learning startups in Canada. Over the past 10 years, an average of 53 new companies have been launched annually. Notably, several of these startups have been founded by alumni of University of Toronto, University of Waterloo and Columbia University.
Here is the list of top Continued Learning startups in Canada
1. Thinkific
Provider of online academy builder. It enables users to create online courses, digital products, and communities that actually sell. It works on a premium model with revenue generated from transaction fees and subscriptions.
Key facts about Thinkific
- Founded Year: 2012
- Location: Vancouver (Canada)
- Stage: Public
- Total Funding till date: $25M
- Investors: Rhino Ventures, VFF and 5 Others
- Latest Funding Round: Series A, Sep 29, 2020, $*****
- Tracxn Score: 70/100 What is this?
- Competitors Rank: 2 of 1,420 Competitors
2. CFI
Online finance and banking training and certifications. It offers various certifications in areas such as financial modeling, business intelligence, commercial banking, and capital markets. Its training includes courses, learning paths, and access to templates and resources. It develops practical skills and enhances professional credibility in the finance industry, delivered through video lessons, interactive exercises, and skill validation assessments.
Key facts about CFI
- Founded Year: 2016
- Location: Vancouver (Canada)
- Stage: Series B
- Total Funding till date: $48M
- Investors: Elephant Venture Capital and Arthur Ventures
- Latest Funding Round: Series B, Mar 21, 2021, $*****
- Tracxn Score: 69/100 What is this?
- Competitors Rank: 8 of 5,697 Competitors
3. LumiQ
Online podcast streaming platform. It allows users to stream educational podcasts for learning about finance and accounting. The app is available for android and iOS users.
Key facts about LumiQ
- Founded Year: 2016
- Location: Toronto (Canada)
- Stage: Series A
- Total Funding till date: $6.03M
- Investors: VERTU Capital, Ontario Centre of Innovation and 12 Others
- Latest Funding Round: PE, Sep 24, 2024, $*****
- Tracxn Score: 51/100 What is this?
- Competitors Rank: 118 of 6,843 Competitors
4. Figure 1
Provider of medical educational platform for professionals. The company offers a platform for doctors and the medical community at large can share photos and information about rare and difficult-to-diagnose cases. The features include image descriptions of existing images in the database so users can search for diagnoses. They also provide face detection software that finds any potential identifying features and more.
Key facts about Figure 1
- Founded Year: 2013
- Location: Toronto (Canada)
- Stage: Series B
- Total Funding till date: $20.9M
- Investors: Union Square Ventures, Kensington Capital Partners and 19 Others
- Latest Funding Round: Series B, Jun 13, 2017, $*****
- Tracxn Score: 51/100 What is this?
- Competitors Rank: 18 of 3,247 Competitors
5. Disco
Provider of SaaS-driven course creation and content management solutions. The platform enables users to create courses online and integrate the content and engage the learning community through Zoom, chat, and feeds.
Key facts about Disco
- Founded Year: 2020
- Location: Canada
- Stage: Series A
- Total Funding till date: $19.8M
- Investors: GSV Ventures, Inovia Capital and 13 Others
- Latest Funding Round: Series A, Mar 01, 2022, $*****
- Tracxn Score: 50/100 What is this?
- Competitors Rank: 14 of 1,420 Competitors
Companies founded year-on-year in the Continued Learning sector in Canada
19 new startups have been founded so far in 2026 in the Continued Learning sector in Canada. 114 Continued Learning startups in Canada were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | 19 |
2025 | 23 |
2024 | 35 |
2023 | 52 |
2022 | 52 |
2021 | 65 |
2020 | 114 |
2019 | 79 |
2018 | 50 |
2017 | 46 |
Stage-wise distribution of Continued Learning sector companies in Canada
Out of the total 1,201 Continued Learning companies in Canada, 87 have secured funding. Among them, 34 have reached Series A or higher, and 29 to Series B or beyond.
Founded - 1,201
Funded - 87
Series A+ - 34
Series B+ - 29
Series C+ - 26
Company Stage | No. of companies |
|---|---|
Founded | 1,201 |
Funded | 87 |
Series A+ | 34 |
Series B+ | 29 |
Series C+ | 26 |
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Funding Trends in the Continued Learning sector in Canada
Total funding year-on-year in the Continued Learning sector in Canada
The Continued Learning sector in Canada saw a total funding of more than $92.2M in the last 10 years. The most amount of funding was in 2020 at more than $26.1M.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $2.3M |
2024 | $825K |
2022 | $19.2M |
2021 | $20.7M |
2020 | $26.1M |
2019 | $995K |
2018 | $882K |
2017 | $14.7M |
Recent Funding Rounds in Continued Learning in Canada
In the year 2025, till October 2025, Continued Learning companies in Canada have raised $2.3M in equity funding across 4 rounds.
In the same period last year (i.e. till September 2024), Continued Learning companies in Canada had raised $825K across 2 rounds.
So, 2025 has seen a 179.39% rise in funding in Continued Learning companies in Canada as compared to 2024.
Here are some recent, important funding rounds in Continued Learning companies in Canada:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Unattributed | 7894 | Oct 29, 2025 | - | |
Seed | 8121 | 2025 | ||
Unattributed | 2663 | Jun 04, 2025 | - | |
Unattributed | 1162 | Feb 05, 2025 | - | |
PE | 8389 | Sep 24, 2024 |
Top Investors in Continued Learning in Canada
Accelerator Centre is the top investor in Continued Learning companies in Canada based on number of companies invested.
Here are some top investors in Continued Learning companies in Canada:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Waterloo (Canada) | ||
San Francisco (United States) | Figure 1 and Talentbuddy | |
Menlo Park (United States) | - | |
Sunnyvale (United States) | - | |
Toronto (Canada) | Disco and Equilibrium |
M&A activity in Continued Learning sector in Canada
In the year 2025, till December 2025, 3 acquisitions happened in Continued Learning sector in Canada. Last year, in 2024, a total of 2 acquisitions happened in Continued Learning sector in Canada.
Here are some recent, important acquisitions in Continued Learning sector in Canada:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Dec 06, 2025 | ||
Business Acquisition | Oct 14, 2025 | ||
Business Acquisition | Apr 29, 2025 | ||
Business Acquisition | Jul 09, 2024 | ||
Business Acquisition | Jul 04, 2024 |
Acquisition trends in Continued Learning sector in Canada
Here are the acquisition trends in Continued Learning sector in Canada:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | 3 |
2024 | 2 |
2023 | 2 |
2022 | 1 |
2021 | 3 |
2020 | 1 |
2019 | - |
2018 | - |
2017 | 2 |
IPOs in Continued Learning in Canada
In the year 2021, till May 2021, 3 IPOs happened in Continued Learning sector in Canada.
Here are some recent, important IPOs in Continued Learning sector in Canada:
Company | IPO Date | Exchange Symbol |
|---|---|---|
May 07, 2021 | Frankfurt Stock Exchange (FRA) | |
Apr 27, 2021 | Toronto Stock Exchange (TSX) | |
Apr 25, 2021 | OTC Markets (OTCMKTS) | |
Nov 15, 1996 | Toronto Stock Exchange - Venture Exchange (TSX-V) |
Colleges which produce the most Continued Learning companies in Canada
Companies founded by alumni from top colleges in the Continued Learning in Canada
Most number of Continued Learning startups in Canada have been founded by alumni from University of Toronto, University of Waterloo and Columbia University.
College | No. of companies |
|---|---|
University of Toronto | 12 |
University of Waterloo | 10 |
Columbia University | 4 |
Carnegie Mellon University | 1 |
Columbia Business School | 1 |
Cornell University | 1 |
Harvard Business School | 1 |
Harvard University | 1 |
Massachusetts Institute of Technology | 1 |
McMaster University | 1 |
Total funding in Continued Learning companies founded by alumni from top colleges in Canada
In the last 10 years, University of Toronto graduates' Continued Learning companies in Canada have raised the most funding among top colleges. Columbia Business School and Columbia University alumni are second.
College | Total Funding |
|---|---|
University of Toronto | $36.4M |
Columbia Business School | $20.9M |
Columbia University | $20.9M |
University of Waterloo | $18.3M |
Harvard Business School | $13.3M |
Harvard University | $13.3M |
Massachusetts Institute of Technology | $30K |
Carnegie Mellon University | - |
Cornell University | - |
McMaster University | - |
Top News in Continued Learning in Canada
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CFI Inks Advertising Deals with Five Major Middle East AirlinesFinance Magnates•May 29, 2024•CFI, Emirates, Etihad Airways, Qatar Airways and 2 others
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PowerSchool and Learnbase partner to drive the digital transformation of education in BrazilBusiness Wire•Nov 23, 2023•PowerSchool, Learnbase
