About Spatial Computing sector in Toronto, Canada
The Spatial Computing sector in Toronto, Canada comprises 167 companies, including 59 funded companies having collectively raised $216M in venture capital money and private equity. Out of these, 16 are Series A+ funded.
Spatial Computing sector in Toronto, Canada has seen 8 acquisitions and 4 IPOs. This represents almost 7.2% of all such companies - which is higher than the 3.8% exit rate of tech companies in general.
This sector includes companies that develop various human computer interaction techniques that are perceived by users as taking place in the real world.
Spatial Computing sector is also known as Spatial Computing Solutions, Advanced Spatial Computing or Digital Spatial Computing.
Includes companies that manufacture AR/VR/XR display devices (head-mounted devices, smartphone-based headsets), gesture recognition hardware and applications, AR/VR applications, and metaverse platforms. Companies providing digital twin platforms are also covered here. Excludes service-based companies developing custom VR applications or digital twins. Companies developing applications and use cases that do not use spatial awareness are not included here.
Top Spatial Computing Companies in Toronto, Canada
There are 167 Spatial Computing startups in Toronto, Canada which include NexTech AR Solutions, Base Two, Stadium Live Studios, ModiFace, ARway. Out of these, 59 startups are funded, with 16 having secured Series A+ funding.
2026 has seen the creation of 3 Spatial Computing startups in Toronto, Canada. Over the past 10 years, an average of 8 new companies have been launched annually. Notably, several of these startups have been founded by alumni of University of Toronto, University of Waterloo and ETH Zurich.
Here is the list of top Spatial Computing startups in Toronto, Canada
Provider of AI and augmented reality solutions for events and commerce. The company delivers 3D modeling, virtual photography, and product configuration. It offers event management, navigation, and team-building platforms. The business provides tools for creating immersive shopping experiences and managing events. It integrates with e-commerce platforms, offering security and compliance.
Key facts about NexTech AR Solutions
- Founded Year: 2018
- Location: Toronto (Canada)
- Stage: Public
- Total Funding till date: $2.1M
- Investors: Super Ventures, Ecampusontario and 1 Other
- Latest Funding Round: Post IPO, Oct 26, 2026, $*****
- Tracxn Score: 69/100 What is this?
- Competitors Rank: 1 of 62 Competitors
2. Base Two
Developer of an AI platform for manufacturing process optimization and control. The platform provides tools for connecting plant and lab databases, preparing data, and building digital twins. It offers recommendations to accelerate scale-up and optimize process quality control. The platform supports process engineers and modelers in streamlining operations and enhancing workflow efficiency.
Key facts about Base Two
- Founded Year: 2022
- Location: Toronto (Canada)
- Stage: Series A
- Total Funding till date: $17.2M
- Investors: Glasswing Ventures, AXA Venture Partners and 14 Others
- Latest Funding Round: Series A, Sep 26, 2024, $*****
- Tracxn Score: 59/100 What is this?
- Competitors Rank: 15 of 970 Competitors
Developer of a metaverse-based social network platform for sports fans. It offers a platform where users can create avatars, play games, and unlock rewards with other sports fans. Users can share and stream live content and create teams on the platform. Its application is available for download on Android and iOS stores.
Key facts about Stadium Live Studios
- Founded Year: 2020
- Location: Toronto (Canada)
- Stage: Series A
- Total Funding till date: $12.2M
- Investors: Union Square Ventures, KB Partners and 13 Others
- Latest Funding Round: Series A, Jul 28, 2022, $*****
- Tracxn Score: 57/100 What is this?
- Competitors Rank: 1 of 17 Competitors
4. ModiFace
ModiFace is focused on facial visualization and virtual modification. ModiFace markets 3D AR makeup mirror to help brands and retailers market their products to consumers standing at cosmetic counters as well as shopping at home. Its proprietary technology can simulate makeup products such as lipstick and eyeshadow in real time and in full 3D. Claims to be the world’s largest (performing nearly 750,000 makeovers per day) and most advanced (based on the number and technical complexity of the visualizations) virtual makeover platform, with nearly 100 websites in North America, Latin America, Europe, and Asia using ModiFace technology.
Key facts about ModiFace
- Founded Year: 2006
- Location: Toronto (Canada)
- Stage: Acquired
- Total Funding till date: $4.3M
- Investors: Ontario Centre of Innovation
- Latest Funding Round: Series A, 2012, $*****
- Tracxn Score: 45/100 What is this?
- Competitors Rank: 9 of 244 Competitors
5. ARway
Provider of augmented reality platform for indoor navigation and experiences. The platform offers tools for creating interactive maps and augmented reality experiences. It supports wayfinding, point-of-interest directories, and multi-floor navigation. The platform also provides features for location-based content, advertising, and training applications. It allows users to design and deploy augmented reality content.
Key facts about ARway
- Founded Year: 2018
- Location: Toronto (Canada)
- Stage: Acquired
- Latest Funding Round: Post IPO, Nov 18, 2025, $*****
- Tracxn Score: 44/100 What is this?
- Competitors Rank: 35 of 909 Competitors
Companies founded year-on-year in the Spatial Computing sector in Toronto
3 new startups have been founded so far in 2026 in the Spatial Computing sector in Toronto. 21 Spatial Computing startups in Toronto were founded in 2017 - 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 | 3 |
2025 | 1 |
2024 | 1 |
2023 | 2 |
2022 | 11 |
2021 | 6 |
2020 | 9 |
2019 | 14 |
2018 | 18 |
2017 | 21 |
Stage-wise distribution of Spatial Computing sector companies in Toronto
Out of the total 167 Spatial Computing companies in Toronto, 59 have secured funding. Among them, 16 have reached Series A or higher, and 12 to Series B or beyond.
Founded - 167
Funded - 59
Series A+ - 16
Series B+ - 12
Series C+ - 12
Company Stage | No. of companies |
|---|---|
Founded | 167 |
Funded | 59 |
Series A+ | 16 |
Series B+ | 12 |
Series C+ | 12 |
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Funding Trends in the Spatial Computing sector in Toronto
Total funding year-on-year in the Spatial Computing sector in Toronto
The Spatial Computing sector in Toronto saw a total funding of more than $201M in the last 10 years. The most amount of funding has been in 2026 at more than $91M till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $91M |
2025 | $3.39M |
2024 | $17.7M |
2023 | $5.09M |
2022 | $14.3M |
2021 | $14.5M |
2020 | $18.8M |
2019 | $7.04M |
2018 | $28.6M |
2017 | $955K |
Recent Funding Rounds in Spatial Computing in Toronto
In the year 2026, till August 2026, Spatial Computing companies in Toronto have raised $90M in equity funding across 1 round.
In the same period last year (i.e. till February 2025), Spatial Computing companies in Toronto had raised $1.73M across 1 round.
So, 2026 has seen a 5100.21% rise in funding in Spatial Computing companies in Toronto as compared to 2025.
Here are some recent, important funding rounds in Spatial Computing companies in Toronto:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 3274 | Aug 19, 2026 | ||
Seed | 2858 | Feb 27, 2025 | - | |
Seed | 4301 | Dec 05, 2024 | - | |
Series A | 3914 | Sep 26, 2024 | ||
Seed | 7330 | May 23, 2024 |
Top Investors in Spatial Computing in Toronto
Plug and Play Tech Center is the top investor in Spatial Computing companies in Toronto based on number of companies invested.
Here are some top investors in Spatial Computing companies in Toronto:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Sunnyvale (United States) | ||
San Francisco (United States) | ||
Toronto (Canada) | ||
Toronto (Canada) | ||
New York City (United States) | - |
M&A activity in Spatial Computing sector in Toronto
In the year 2025, till December 2025, 1 acquisition happened in Spatial Computing sector in Toronto.
Here are some recent, important acquisitions in Spatial Computing sector in Toronto:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Dec 01, 2025 | ||
Acqui-Hired | Dec 31, 2021 | ||
Business Acquisition | Jul 05, 2021 | ||
Acqui-Hired | Apr 15, 2021 | ||
Business Acquisition | Jun 19, 2018 |
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Acquisition trends in Spatial Computing sector in Toronto
Here are the acquisition trends in Spatial Computing sector in Toronto:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | 1 |
2024 | - |
2023 | - |
2022 | - |
2021 | 3 |
2020 | - |
2019 | - |
2018 | 3 |
2017 | - |
IPOs in Spatial Computing in Toronto
In the year 2023, till June 2023, 1 IPO happened in Spatial Computing sector in Toronto.
Here are some recent, important IPOs in Spatial Computing sector in Toronto:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Jun 14, 2023 | Canadian Securities Exchange (CSE) | |
Nov 04, 2022 | OTC Markets (OTCMKTS) | |
Oct 28, 2022 | Frankfurt Stock Exchange (FRA) | |
Oct 26, 2022 | Canadian Securities Exchange (CSE) | |
Nov 09, 2018 | Canadian Securities Exchange (CSE) |
Colleges which produce the most Spatial Computing companies in Toronto
Companies founded by alumni from top colleges in the Spatial Computing in Toronto
Most number of Spatial Computing startups in Toronto have been founded by alumni from University of Toronto, University of Waterloo and ETH Zurich.
College | No. of companies |
|---|---|
University of Toronto | 10 |
University of Waterloo | 8 |
ETH Zurich | 1 |
Harvard Business School | 1 |
Harvard University | 1 |
IIT Delhi | 1 |
IIT Madras | 1 |
Queen's University | 1 |
Stanford University | 1 |
York University | 1 |
Total funding in Spatial Computing companies founded by alumni from top colleges in Toronto
In the last 10 years, University of Toronto graduates' Spatial Computing companies in Toronto have raised the most funding among top colleges. ETH Zurich alumni are second, and University of Waterloo alumni are third.
College | Total Funding |
|---|---|
University of Toronto | $93.7M |
ETH Zurich | $90M |
University of Waterloo | $29.5M |
Stanford University | $4.3M |
Harvard Business School | - |
Harvard University | - |
IIT Delhi | - |
IIT Madras | - |
Queen's University | - |
York University | - |
Top News in Spatial Computing in Toronto
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Nextech3D.ai Expands Event Infrastructure, Launches AI-Ready ExperiencesWebDisclosure•Jan 20, 2026•KraftyLab, NexTech AR Solutions
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New World Solutions Launches E-commerce Platform Serving Luxury Watch Enthusiast MarketWebDisclosure•Nov 11, 2024•New World
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Nextech3D.ai Expands AI Tech Team and Doubles Office Space as DemandInvesting News•Feb 22, 2024•NexTech AR Solutions
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Nextech3D.ai: 500 Percent Productivity Surge With AI 3D Model SearchAiThority•Jan 19, 2024•NexTech AR Solutions
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Nextech3D.ai awarded patent for 3D model generation from CAD dataThe Market Herald•Dec 13, 2023•NexTech AR Solutions, USPTO
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Nextech3D.ai Name Change Now Official As Company Enters the Age of AIACCESSWIRE•Sep 28, 2023•NexTech AR Solutions
