
The economy of the Canada is 10th-largest in the world, with a nominal GDP of USD 1.6 trillion. Canada's economy is dominated by its service sector, comprising 70.2% of the GDP. United States is the largest trading partner of Canada.
Canada has a thriving startup ecosystem supported by key factors like its location, state of the art technology, access to United States markets and government regulations. Majority of Canada's startups are located in Toronto, Vancouver and Montreal.
With over 17.6K+ Tech startups, including 350+ public ones, Canada is the nervecentre of the North American startup ecosystem in the new world order of the millenium.
We, at Tracxn, keep a track of the latest happenings in the world of startups and their associated ecosystems - including venture capital funds, private equity funds and investment banks amongst others.
In this edition, we have the ‘Soonicorn Club of Canada Tech 2020’– an exclusive list of the most promising Canada Tech startups that have also reached significant valuation milestones over the previous few years.
Unicorns, with their valuations exceeding the billion dollar mark, and even multi-billion mark in a few cases, represent the elite of the Canada Tech startup sector.
The Soonicorns - soon to be Unicorns - are the handful of highly valued startups which have successfully grown out of their nascency to attract valuations of over a few hundred millions. Watch out for these companies in the coming years as they take on the journey to becoming the elite Unicorns.
The Minicorns - are the high growth early stage ventures (Series A+). Watch out for these companies as they take the business to the next level, by scaling up for the accelerated growth.
Disclosed Funding
USD 402M
Coveo offers knowledge management solutions using an enterprise cognitive search technology. It allows users to consolidate organizations ecosystems of record in real-time and provides unified search, dynamic 360-degree views of information, and contextual, proactive recommendations of relevant content. It enables users to create context-relevant information from both structured and unstructured data and puts the most helpful case-resolving content to agents and customers. It measures usage and adoption to optimize performance. Customers include L'Oreal, Lockheed Martin, Bombardier, CAE, YUM! Brands, GEICO and SunGard.
Company Overview
|
Founded |
2005 |
|
Location |
Quebec City (Canada) |
|
Investors |
Fonds de solidarite FTQ, Patrick O'Leary, Elliott Management and 10 Other Investors |
|
Founders |
|
Disclosed Funding
USD 291M
Wealthsimple provides an investment management platform for exchange-traded funds, stocks, cryptocurrencies, and more. It features tools for dividend reinvesting and automated portfolio rebalancing. It offers sharia-compliant customized portfolio for micro-investment, social investment and halal investment. It enables users to invest in a diversified portfolio based on the risk type.
Company Overview
|
Founded |
2014 |
|
Location |
Toronto (Canada) |
|
Investors |
Power financial, Daniel Debow, Two Sigma Ventures and 10 Other Investors |
|
Founders |
|
Disclosed Funding
USD 250M
HootSuite is a social media management system for businesses and organizations to collaboratively launch and manage campaigns across multiple social networks from a SaaS dashboard. Features include scheduling, monitoring, content creation, analytics, team management, security, and boosting. It helps brands identify customer issues, resolve problems effectively, and create advocates. Also has a social media education offering, the HootSuite University program. Featured customers include PepsiCo, McDonald's, Virgin, WWF, Lamborghini, NHL, Starbucks. etc.
Company Overview
|
Founded |
2008 |
|
Location |
Vancouver (Canada) |
|
Investors |
Silicon Valley Bank, Eden Ventures, Maccabee Ventures and 19 Other Investors |
|
Founders |
|
Disclosed Funding
USD 233M
PointClickCare offers a cloud-based integrated EHR platform for long-term care providers. The EHR software is available for senior and assisted living care, continuing care retirement communities and skilled nursing facilities to optimize their clinical and administrative workflow solutions. They also offer services like care delivery management, quality & compliance management, financial management, marketing solutions, health data exchange and more.
Company Overview
|
Founded |
2000 |
|
Location |
Mississauga (Canada) |
|
Investors |
Dragoneer Investment Group, JMI Management, Tao Capital Partners |
|
Founders |
|
Disclosed Funding
USD 180M
ApplyBoard is an online platform that empowers people to access education. It enables the study abroad search, application, and acceptance process for students. It is free for students and charges the educational institutions. ApplyBoard has partnered with educational institutions in Canada, the US, the UK, and Australia.
Company Overview
|
Founded |
2015 |
|
Location |
Kitchener (Canada) |
|
Investors |
Harmonic Growth Partners, Maropost Ventures, Artiman Ventures and 21 Other Investors |
|
Founders |
|
Disclosed Funding
USD 140M
LeddarTech offers tech-enabled LiDAR-based perception and vision solutions for autonomous vehicles. It offers solid-state-LiDAR by integrating with the Leddar Engine platform that optimizes vision and sensing solutions for autonomous vehicles. It offers solutions for autonomous shuttles, trucks, buses, delivery vehicles, robotaxis, and smart city/factory applications. It offers features like flexibility, optimized sensing, etc. It has clients like Valeo, APTIV, etc.
Company Overview
|
Founded |
2007 |
|
Location |
Quebec City (Canada) |
|
Investors |
Fonds de solidarite FTQ, Acces Capital Quebec, BDC and 9 Other Investors |
Disclosed Funding
USD 449M
Verafin provides cloud-based compliance, anti-money laundering, and fraud detection software. The solution includes big data analytics-based fraud detection and AML solution that utilizes artificial intelligence and behavior pattern-based recognition. It includes FRAML to detect financial crimes including fraud, money laundering, and identity theft, FRAMLx to analyze customer behavior using cross-institutional analysis, investigation and reporting to manage case investigations and automatically e-file compliance reports, vendor risk management to manage risks associated with products and services from third-party vendors, and more.
Company Overview
|
Founded |
2003 |
|
Location |
St. Johns (Canada) |
|
Investors |
Spectrum Equity, HarbourVest Partners, Killick Capital and 5 Other Investors |
|
Founders |
|
Disclosed Funding
USD 336M
LIVEKINDLY is an online news portal providing health & fitness news. It offers news/articles and information related to vegan news, food recipes, health & wellness, travel, sustainable living, beauty & fashion, business, meal planner, and more. It also provides news and information in the form of videos. Monetizes through display advertisements.
Company Overview
|
Founded |
2017 |
|
Location |
Vancouver (Canada) |
|
Investors |
Agronomics, Beyond Impact, EQT and 10 Other Investors |
|
Founders |
|
Disclosed Funding
USD 282M
General Fusion is a developer of a magnetized nuclear fusion reactor. The reactor consists of 3 main components, a plasma injector, which converts hydrogen fuel into plasma & holds in a magnetic field; liquid metal wall, which compresses the plasma & captures the energy released; piston array, which collapses liquid metal vortex & shockwave formation by plasma compression. The hot liquid metal is used to operate a heat exchanger by producing power.
Company Overview
|
Founded |
2002 |
|
Location |
Burnaby (Canada) |
|
Investors |
Temasek, Cenovus, Gimv and 24 Other Investors |
|
Founders |
|
Disclosed Funding
USD 274M
Hopper provides an AI-enabled price prediction solution for flight tickets and hotel rooms. The company leverages AI algorithms to collect, organize & analyze travel data to generate historical reports and predictive models. Offers data-driven predictions on the optimal time to buy flight tickets & book hotel rooms. The app enables users to search and book services (on redirection to third-party sites). Additionally, users can also track the fares and get notified in case of price drops. Its mobile app is available for iOS and Android devices.
Company Overview
|
Founded |
2007 |
|
Location |
Montreal (Canada) |
|
Investors |
Lufthansa Group, Westcap, Inovia Capital and 9 Other Investors |
|
Founders |
|
Disclosed Funding
USD 257M
Element AI provides custom AI development solutions for enterprises. Develops AI products and services using their proprietory AI enablement tools and also provides solutions for labeling data and training AI models. Caters to logistics, manufacturing, retail, and other sectors. Partners include AWS, Microsoft, and NVIDIA among many.
Company Overview
|
Founded |
2016 |
|
Location |
Montreal (Canada) |
|
Investors |
Pegasus Tech Ventures, Deep Learning and 15 Other Investors |
|
Founders |
|
Disclosed Funding
USD 212M
D-Wave Systems is a quantum computing company, and the first company in the world to sell quantum computers. Its 28-qubit processor was fabricated at the NASA's microdevices lab. Products included D-Wave One, which was the world's first commercially available quantum computer and operated on a 128-qubit annealing processor; D-Wave Two and 2-X, a 512-qubit quantum computer; D-Wave 2X processor based on a 2,048-qubit chip with half of the qubits disabled, which can be re-activated later; and D-Wave 2000Q; Qbsolv, an open-source software that solves QUBO problems on both, company's quantum processors and classic hardware architectures. Buyers of D-Wave systems include Lockheed Martin, Google, NASA, USRA, Volkswagen Group, Temporal Defense Systems, etc. The company has partnered with Toyota Tsusho, the trading arm of Toyota Group, to optimize customer efficiency across its industries.
Company Overview
|
Founded |
1999 |
|
Location |
Burnaby (Canada) |
|
Investors |
PSP Investments, Kensington Capital Partners, Listwin Ventures and 17 Other Investors |
|
Founders |
|
Disclosed Funding
USD 211M
TouchBistro is an iPad based POS system for restaurants. It offers payment processing, act as a menu and allows servers to take customer orders and send them to the kitchen. Payment processing support includes debit, credit, gift card, and mobile as well as Apple Pay. Main clients include restaurants, fast food joints, food trucks, coffee shops and others in the food services industries.
Company Overview
|
Founded |
2010 |
|
Location |
Toronto (Canada) |
|
Investors |
Bank of Montreal, Recruit Holdings, Difference Capital Financial and 18 Other Investors |
|
Founders |
|
Disclosed Funding
USD 200M
Geneseeq is a health solutions company that specializes in personalized cancer care and provides treatment solutions based on the comprehensive analyses of patients’ genomic profile (RNA) using NGS techniques primarily has developed customized RNA extraction protocols for all kinds of patient sample materials, including surgical sections, core needle biopsies, FFPE samples, and ultra-low input samples.
Company Overview
|
Founded |
2012 |
|
Location |
Toronto (Canada) |
|
Investors |
Binghong Capital, SB China Capital, Langma Feng Venture Capital and 6 Other Investors |
|
Founders |
|
Disclosed Funding
USD 170M
ClearBlanc provides revenue-based finance for e-commerce and SaaS-based small business owners and entrepreneurs. Offers marketing cards to fund marketing expenses. Eligibility criteria include average monthly revenue of $10,000, incorporated business, and at least six months of consistent revenue history.
Company Overview
|
Founded |
2015 |
|
Location |
Toronto (Canada) |
|
Investors |
Upper90, Founders Fund, Precursor Ventures and 14 Other Investors |
|
Founders |
|
Disclosed Funding
USD 159M
D2L is a cloud-based learning solution provider for testing, tracking, reporting, gamification, API, and web conferencing among others. Other features include analysis and performance reporting. It can store, organize, and share the content across institutions. It operates through a premium subscription model. It has various clients including The University of Arizona, Pima community college, South New-Hampshire university, and others.
Company Overview
|
Founded |
1999 |
|
Location |
Kitchener (Canada) |
|
Investors |
New Enterprise Associates, Four Rivers Group, Graham Holdings Co and 5 Other Investors |
|
Founders |
|
Disclosed Funding
USD 155M
ecobee is a Canadian technology company that designs and develops thermostats for residential applications and commercial applications. Its offering spans across five generations and comes built-in with a touchscreen which allows users to control the devices using the same or a companion smartphone application. Its flagship ecobee 4 works with up to 32 remote temperature/motion sensors to adjust the thermostat based on the surroundings of the user. The remote sensors detect temperature and occupancy for controlling to the average room temperature of all sensors that are included in the mode setting. The fifth generation thermostat adds features to its built-in Alexa speaker, has a redesigned temperature sensor, and works with Google Assistant and Siri as well. In addition, the company offers smart switches which come along with occupancy and daylight sensors. Clientele includes GoDaddy, Pizza Pizza, Subway, and more. ecobee has received multiple accolades including the Deloitte Technology Green 15 Award for Canadian green technology, AHR Expo Innovation Award in the category of building automation in 2011, among others
Company Overview
|
Founded |
2007 |
|
Location |
Toronto (Canada) |
|
Investors |
Relay Ventures, Tech Capital Partners, Northleaf Capital Partners and 13 Other Investors |
|
Founders |
|
Disclosed Funding
USD 147M
Assent compliance provides a web-based software solution for enterprises to manage operational risks and ensure compliance. The company offers Assent Compliance Platform suites with modules such as corporate social responsibility, product compliance, and vendor management. Features include data management, integrated learning management system, reporting, workflow management, and automated supply chain communications. It helps enterprises to be compliant with RoHS, REACH, Conflict materials, etc.
Company Overview
|
Founded |
2010 |
|
Location |
Ottawa (Canada) |
|
Investors |
Warburg Pincus, First Ascent Ventures, Volition Capital and 6 Other Investors |
Disclosed Funding
USD 144M
Vena Solutions provides financial planning and analysis software for businesses. It features solutions for financial close management, regulatory reporting & compliance, reporting & data analytics, budgeting, planning & forecasting, and revenue performance management, cashflow management, revenue planning, variance analysis, profitability analysis, cost allocations, and more. It also offers data analysis and insights for automating financial processing.
Company Overview
|
Founded |
2011 |
|
Location |
Toronto (Canada) |
|
Investors |
JMI Management, Difference Capital Financial, Centana Growth Partners and 4 Other Investors |
|
Founders |
|
Disclosed Funding
USD 123M
Romeo Power is developing a wide range of energy storage systems for multiple use cases, right from immediate emergency power to Electric Vehicles. Their range of products is, Romeo 180, a portable battery system that charges from kinetic, wind and solar energy in a compact unit weighing roughly 5 pounds, the Romeo 1.5k which, at its maximum output, powers a house for more than 24 hours before requiring a recharge. Apart from these two home-based units, they also have a 28 kWh system for industrial use and a separate battery system to be used solely for Electric Vehicles.
Company Overview
|
Founded |
2015 |
|
Location |
Los Angeles (United States) |
|
Investors |
Wavemaker Partners, HG Ventures, OpenDoor Venture Capital and 1 Other Investors |
|
Founders |
|
Disclosed Funding
USD 118M
Wattpad is a writing community in which users can post articles, stories, fan fiction, and poems about anything either online or through the mobile application. The content includes work by undiscovered writers, published writers, and new writers. Users can comment and like stories or join groups associated with the website. The app is available for iOS and Android devices.
Company Overview
|
Founded |
2006 |
|
Location |
Toronto (Canada) |
|
Investors |
August Capital, ZWC Ventures, BDC and 19 Other Investors |
|
Founders |
|
Disclosed Funding
USD 115M
Uses M2M technology to provide data and analytics that increase crop value for fruit and vegetable growers. Enabling precision crop management focussing on integrated pest management including real-time insect pressure tracking and improved biopesticide delivery. Provides a proprietary system of in-crop wireless networks coupled with remote sensors, real-time pest monitoring and variable rate biological pest control. Founder - PhD, 20 yrs experience in Biotech R&D
Company Overview
|
Founded |
2010 |
|
Location |
Vancouver (Canada) |
|
Investors |
FedDev Ontario, Government of Canada, SDTC and 6 Other Investors |
|
Founders |
|
Disclosed Funding
USD 100M
Drivewyze provides software solutions for weigh station alerts and bypass system for truckers. Provides apps with voice/visual alerts to indicate weighbridges and inspection sites on the way beforehand. The solution helps the truckers to avoid them and thereby saves money for the transportation companies. A subsidiary of Intelligent Imaging Systems.
Company Overview
|
Founded |
2011 |
|
Location |
Edmonton (Canada), Dallas (United States) |
|
Investors |
Kayne Anderson Capital Advisors, Sageview Capital, Emergence Capital and 1 Other Investors |
Disclosed Funding
USD 95M
Visier is a workforce analytics and planning software company. It offers data from a company’s different data sources and then enables human resources (HR) people to create dashboards and visualizations of the data. The software’s natural language processing can return information from direct queries about business processes and human resources information directly to the end-user. Visier Workforce Analytics gives business leaders and HR professionals the insight they need to take action to reduce workforce costs, improve productivity, attract and retain top talent, and optimize their people strategy to meet their business strategy. Customers include Nissan Automotive, Exelon Corp., McGraw Hill Financial, Time Inc., Baker Hughes, and NetApp.
Company Overview
|
Founded |
2010 |
|
Location |
Vancouver (Canada), San Diego (United States) |
|
Investors |
Sorenson Capital, BYU Cougar Capital, University Growth Fund and 3 Other Investors |
|
Founders |
|
Disclosed Funding
USD 92M
Turnstone Biologics is developing oncolytic viral immunotherapies for cancer treatment. It has developed a tumor-targeted oncolytic vaccine called Marabex, Marabex is created by genetically engineering Maraba oncolytic virus (MG1) is used for targeted expression of tumor-associated antigens (MAGEA3) and immunomodulatory agents. The technology is in phase I/II clinical trials for the treatment of non-small cell lung cancer and human papillomavirus-associated tumors.
Company Overview
|
Founded |
2015 |
|
Location |
Ottawa (Canada) |
|
Investors |
Orbimed, FPrime Capital Partners, FACIT and 4 Other Investors |
Disclosed Funding
USD 92M
Alayacare offers a cloud-based software platform for home healthcare practitioners. The platform features clinical documentation, back-office functionality, patient and family portals, remote patient monitoring, telehealth, and mobile care worker apps. It also helps in analyzing wearable devices to fetch patient data for processing through machine learning technology by giving real-time insights for the care professionals.
Company Overview
|
Founded |
2014 |
|
Location |
Toronto (Canada) |
|
Investors |
FedDev Ontario, RecapHealth Ventures, Caisse de depot et placement du Quebec and 8 Other Investors |
|
Founders |
|
Disclosed Funding
USD 91M
MineSense develops a sensor suite for measuring and reporting ore/waste content to customers in real-time. The solution is deployed for bulk ore recovery and waste rejection at mining sites. The solution consists of two systems, shovel based and belt-based systems. Shovel based systems are used for real-time mineral telemetry for surface or underground applications. Belt based systems are used for characterizing and grading the conveyed ore.
Company Overview
|
Founded |
2008 |
|
Location |
Vancouver (Canada) |
|
Investors |
Government of British Columbia, Mitsubishi Corporation, JNJ Innovation and 8 Other Investors |
|
Founders |
|
Disclosed Funding
USD 89M
Peraso Technologies is a Canada based fabless semiconductor company, developing multi-gigabit millimeter wave single-chip transceivers for the mobile consumer electronics and wireless broadband markets. It has developed a variety of products based on 60 GHz baseband which is a license-free band. These products find wide-scale usage in wireless networking, HD video streaming, cellular backhauls, wireless links, etc. The ‘W’ series chips which include PRS4001 - WiGig BASEBAND IC & PRS1151 - WiGig RADIO IC enables wireless data transfer of 7 Gbits per second for consumer electronics. The X’ Series products which include PRS4601 – 60 GHz BASEBAND IC & PRS1151 – 60 GHz PHASED ARRAY RADIO IC provides multi-gigabit rate per second and operate across -40°C to 85°C temperature range.
Company Overview
|
Founded |
2009 |
|
Location |
Toronto (Canada) |
|
Investors |
VentureLink Funds, Inovia Capital, Ontario Capital Growth Corporation and 4 Other Investors |
|
Founders |
|
Disclosed Funding
USD 89M
CarbonCure Technologies has developed a green concrete technology, a technology that enables the creation of a kind of concrete by injecting CO2 into it. Carbon dioxide is captured from big emitters and mixed with cement and other ingredients to produce a stronger and fast setting concrete. The gas is permanently converted into embedded solid mineral carbonates. The technology is also licensed to concrete producers, generating a recurring revenue. Winner of SXSW Eco 2012 i2i Award.
Company Overview
|
Founded |
2007 |
|
Location |
Dartmouth (Canada) |
|
Investors |
The Shaw Group, Microsoft and 21 Other Investors |
|
Founders |
|
Disclosed Funding
USD 88M
Diaolgue provides a telemedicine platform for employees and patients to manage their mental health conditions. The company offers an online platform that helps the patients and employees to virtually consult with their nurses and practitioners via video conferencing tools. The platform also helps in giving e-prescriptions, referral management solutions and more to the users.
Company Overview
|
Founded |
2016 |
|
Location |
Montreal (Canada) |
|
Investors |
Diagram Ventures, White Star Capital, Sun Life Financial and 12 Other Investors |
|
Founders |
|
Disclosed Funding
USD 83M
Trulioo provides ID verification solutions. The solution offers an electronic identity verification solution that enables organizations to meet KYC and AML requirements. Offers document verification solution that enables authentication of ID documents. Provides access to over 400 trusted global data sources. Also offers business verification solution and AML watchlist check solution.
Company Overview
|
Founded |
2011 |
|
Location |
Vancouver (Canada) |
|
Investors |
American Express Ventures, Mouro Capital, UST Global and 9 Other Investors |
|
Founders |
|
Disclosed Funding
USD 83M
Attabotics is a developer of robotic warehouse & fulfillment systems. Offers a robotic AS/RS (Automated Storage & Retrieval System) which is capable of autonomously performing storing/put-away and picking processes. Clients include Calgary International Airport.
Company Overview
|
Founded |
2015 |
|
Location |
Calgary (Canada) |
|
Investors |
Honeywell, Coatue, Ontario Teachers' Pension Plan and 2 Other Investors |
|
Founders |
|
Disclosed Funding
USD 81M
Mojio has created a hardware-agnostic connected car platform for wireless network operators, automakers, and mobility services. Syncs with any standard telematics device to collect OBD, acceleration, and location data via a cellular network and makes it available to applications via open APIs. Client applications can access vehicle data via secure RESTful calls. Use cases include fleet management, automated parking payments, car maintenance, and real-time traffic.
Company Overview
|
Founded |
2012 |
|
Location |
Vancouver (Canada) |
|
Investors |
Kensington Capital Partners, TELUS Ventures, Innogy Ventures and 16 Other Investors |
|
Founders |
|
Disclosed Funding
USD 79M
Ostara is a technology solutions provider for nutrient recovery. Provides water treatment solutions for the recovery of phosphorus, nitrogen & fertilizers from agricultural wastewater streams. Converts the recovered nutrient into fertilizers for agricultural operation. It sells its fertilizer under the brand name "CrystalGreen".
Company Overview
|
Founded |
2005 |
|
Location |
Vancouver (Canada) |
|
Investors |
Taurus, Frog Capital, WhoGotFunded? and 5 Other Investors |
|
Founders |
|
Disclosed Funding
USD 77M
Flipp is an app-based solution for retailers to digitize their promotion-based circulars. It aggregates digital circulars from retailers and enables consumers to access digital circulars, ads, coupons & deals from retail stores. Clients include Walmart, Kroger, Macy's, The Home Depot, and more. The company's app is available for Android and iOS platforms.
Company Overview
|
Founded |
2007 |
|
Location |
Toronto (Canada) |
|
Investors |
Tivona Capital, Green Brook Capital Management, General Atlantic and 3 Other Investors |
|
Founders |
|
Disclosed Funding
USD 77M
League provides a digital platform for employee health benefits. The platform gives employers tools to easily manage their benefits program and deliver healthcare services for employees. The web-based app gives the ability to create personal health spending accounts and tracks employee utilization. It also gives customized offerings for employees, delivered on-site by the best health professionals in the business. The clientele includes Unilever, Shopify, Uber, Lush, L'Occitane, etc.
Company Overview
|
Founded |
2014 |
|
Location |
Toronto (Canada), Chicago (United States) |
|
Investors |
Manulife Financial, Plug and Play Tech Center, OMERS Ventures and 11 Other Investors |
|
Founders |
|
Disclosed Funding
USD 77M
Clearpath Robotics offers open-source autonomous robot development platform with multiple applications for research and development. Its offerings are Jackal, Warthog, and Husky (land-based robots); Ridgeback, Boxer and Turtle (for load handling), Heron (research in aquatic environments) and Otto (self-driving robot for industrial purpose). The robots are equipped with Bluetooth, Lidar, stereo camera, ROS and NVIDIA processor, GPS and more. The company also provides software such as Autonomy Research Kit (ARK) for autonomous navigation; Teleoperation Software Package (hardware and software package for the remote camera and sensor data feed) and more. Their products can be used in multiple industries ranging from logistics (warehouse automation) to ocean exploration, land exploration, and more.
Company Overview
|
Founded |
2009 |
|
Location |
Kitchener (Canada) |
|
Investors |
Bank of Montreal, Silicon Valley Bank, RRE Ventures and 15 Other Investors |
|
Founders |
|
Disclosed Funding
USD 77M
TopHat is an educational app developer that offers classroom engagement and content management solutions for educational institutes. Its offering includes Classroom, which enables students devices to take attendance, enables discussions and others, Textbook, which offers customized interactive textbooks and course materials, Assignment, which enables teachers to assign homework with auto-grade capabilities, and Test, which administer tests and quizzes in a bring-your-own-device (BYOD) environment. Monetizes through subscription plans. Clients include Indiana University, Ohio State University, Iowa State University, and others.
Company Overview
|
Founded |
2009 |
|
Location |
Toronto (Canada) |
|
Investors |
Bank of Montreal, Georgian Partners, Golden Ventures and 15 Other Investors |
|
Founders |
|
Disclosed Funding
USD 73M
FreshBooks is a cloud-based invoicing and accounting software for businesses. It features solutions for invoicing, accounting, time tracking, online payment, project management, expense management, financial reporting, etc. The product is used by various small & medium industries, freelancers, and small teams. The application is available for both Android and IOS devices. Its pricing is available on the subscription-based pricing plan.
Company Overview
|
Founded |
2003 |
|
Location |
Toronto (Canada) |
|
Investors |
JPMorgan Chase, Oak Investment Partners, Teralys Capital and 9 Other Investors |
|
Founders |
|
Disclosed Funding
USD 72M
Maple is an online doctor consultation platform. Users can seek remote doctor consultation through video conferencing. Provides services for a range of general illness including flu, eye and ear infections, urinary tract infections, allergic reactions, skin issues and rashes, vomiting and diarrhea, minor injuries, among others.
Company Overview
|
Founded |
2015 |
|
Location |
Toronto (Canada) |
|
Investors |
MaRS Investment Accelerator Fund, Jeff Fettes, Acton Capital Partners and 5 Other Investors |
|
Founders |
|
Disclosed Funding
USD 71M
SecureKey is the identity and authentication provider for organizations. It enables customers to connect with online services using a digital credential. It offers Verified.me for identity verification, Concierge Service which is an authentication network for connecting people to online services using their banking credentials, digital identity ecosystem, etc.
Company Overview
|
Founded |
2008 |
|
Location |
Toronto (Canada) |
|
Investors |
TELUS Ventures, TD Bank, Discover and 14 Other Investors |
|
Founders |
|
Disclosed Funding
USD 71M
PDFTron develops PDF toolkits for developers. Provides cross-platform for programmers to enable integration of PDF documents with web applications and complex documents. Some of the features include real-time collaboration, client-side editing, document encryption, among others. Helps in document processing and conversion of PDF, XPS, SVG, HTML and other graphics file formats. Also provides electronic document processing products.
Company Overview
|
Founded |
1998 |
|
Location |
Vancouver (Canada) |
|
Investors |
Silversmith Capital Partners |
|
Founders |
|
Disclosed Funding
USD 69M
Benevity provides software that enables employee giving, volunteering, and cause marketing programs. It allows organizations to incorporate a micropayment platform into their existing website which in turn allows users to add a small donation to a cause as an integrated part of the transaction they are conducting. It claims to be used by 75 of the Fortune 500 companies. Some of its clients include Samsung, ADP, Cargill, Coca Cola, and others.
Company Overview
|
Founded |
2008 |
|
Location |
Calgary (Canada) |
|
Investors |
JMI Management, General Atlantic, Brighton Park Capital |
|
Founders |
|
Disclosed Funding
USD 65M
Q4 offers a cloud-based investor relations and capital markets solution for the IR industry. It offers Q4 Desktop, an all-in-one IR solution that provides clients the tools, the insight, and the information they need to make the right decisions for the organization and communicate and engage effectively with investors. Also offers webcasting, studio, and intelligence solutions. Clientele includes Visa, Du Pont, Nike, Boeing, Cisco, Oracle, Walmart, etc.
Company Overview
|
Founded |
2006 |
|
Location |
Toronto (Canada) |
|
Investors |
Plaza Ventures, Silicon Valley Bank, Espresso Capital and 12 Other Investors |
|
Founders |
|
Disclosed Funding
USD 64M
Elastic Path develops and provides API-based enterprise commerce software and content management platform. It adds e-commerce functionality to experience management platforms like Adobe Marketing Cloud, OpenText WEM, and HippoCMS. Their products, including Commerce Engine, Cortex, and Subscriptions, enable companies to unite discovery, buying, and consumption that drive customer engagement and conversions. Clients include Google, Pearson, Symantec, Time and others. It caters to sectors like travel, telecoms, publishing, software, retail, and more.
Company Overview
|
Founded |
2000 |
|
Location |
Vancouver (Canada) |
|
Investors |
Beedie Capital Partners, Framework Venture Partners, Sageview Capital and 3 Other Investors |
|
Founders |
|
Disclosed Funding
USD 62M
Virogin is a developed of drugs for the treatment of cancer. It has developed immuno-oncolytic therapeutics for the treatment of tumor cells. Its lead product VG161 has entered Phase I clinical trials. It provides a Synerlytic platform that enhanced activation of both innate and adaptive immunity without stimulating MDSCs and T-regs favors higher recruitment of cytotoxic immune cells to the tumor microenvironment. It increases oncolysis releases more inaccessible tumor antigens, promoting a longer-lasting, tumor antigen-specific immune memory response.
Company Overview
|
Founded |
2015 |
|
Location |
Vancouver (Canada) |
|
Investors |
Panlin Capital, CDH Investments, Korea Investment Partners and 1 Other Investors |
|
Founders |
|
Disclosed Funding
USD 62M
WorkJam provides workforce management software for hourly wages workforce. Provides features for shift management, schedule creation, communication, training and evaluation of employees. Employees and managers can collaborate on scheduling shift while the platform automate scheduling based on availability which is published to the staff through the application. Also integrates on demand hiring and recruitment tools.
Company Overview
|
Founded |
2014 |
|
Location |
Montreal (Canada) |
|
Investors |
Fonds de solidarite FTQ, 7 Global Capital, Harmony Partners and 6 Other Investors |
Machine/deep learning technologies for precision medicine, genetic testing, diagnostics
Disclosed Funding
USD 61M
Deep Genomics has expertise in machine learning, genome biology and precision medicine. They are working on a new generation of computational technologies that can tell what will happen within a cell when DNA is altered by genetic variation, whether natural or therapeutic using machine learning and deep learning techniques. Their first product is SPIDEX, a comprehensive set of mutations and their predicted effects on RNA splicing across the entire human genome. They are making the SPIDEX database free for non-commercial purposes.
Company Overview
|
Founded |
2015 |
|
Location |
Toronto (Canada) |
|
Investors |
Future Ventures, True Ventures and 9 Other Investors |
|
Founders |
|
Disclosed Funding
USD 61M
Vidyard is a video analytics and hosting platform for content marketers that develops video marketing and sales engagement solutions. Has developed a software platform that lets customers add a video to their websites, track viewer engagement, syndicate videos to social networks, and push video metrics into other software systems such as customer relationship management. Customers include Honeywell, Pitney Bowes, and Square.
Company Overview
|
Founded |
2011 |
|
Location |
Kitchener (Canada) |
|
Investors |
Salesforce Ventures, SV Angel, Inovia Capital and 12 Other Investors |
|
Founders |
|
Disclosed Funding
USD 60M
Paybright offers an online marketplace for point of sale financing solutions. Provides multiple payment plan options for goods and services. Offers retail financing for consumers by applying online or at the point-of-sale. Provides repeat purchases with renewable credit limits for merchants. Offers ID barcode scan with form-fill features to enable credit application.
Company Overview
|
Founded |
2009 |
|
Location |
Toronto (Canada) |
|
Investors |
Canadian Business Growth Fund, iA Financial Group, goeasy |
Disclosed Funding
USD 59M
Koho provides a mobile linked prepaid visa card. Its mobile app enables users to track their spending and savings. The app automatically categorizes expenses made through the card. It features savings module that automatically puts money aside and helps users save. The app is available for Android and iOS platforms.
Company Overview
|
Founded |
2014 |
|
Location |
Toronto (Canada) |
|
Investors |
Hedgewood, HIGHLINE, Adam Felesky and 10 Other Investors |
|
Founders |
|
Disclosed Funding
USD 59M
Absorb LMS is a web-based learning management solution for corporates. Offerings include course development, content management, and others. Core content administration capabilities offered by the software include authentication, administrative reporting, course authoring, defined user roles, registration management, and support. Clients include Adobe, Rolls Royce, Oakley, New York University, EFI, and NASM. Has won various awards including two Brandon Hall Excellence in e-learning awards (Gold and Bronze) for new technological development(small to medium businesses and external training).
Company Overview
|
Founded |
2003 |
|
Location |
Calgary (Canada) |
|
Investors |
Silversmith Capital Partners |
Disclosed Funding
USD 59M
Terramera is a developer of plant-based biopesticides. Their product catalog includes Rango and Terraneem. The company claims that their products can be used for convention and organic agriculture, profession and for home use.
Company Overview
|
Founded |
2010 |
|
Location |
Vancouver (Canada) |
|
Investors |
Unreasonable, Bioenterprise, Renewal Funds and 16 Other Investors |
|
Founders |
|
Disclosed Funding
USD 57M
Influitive provides advocate marketing software solutions for B2B software and technology firms. Its portfolio includes AdvocateHub, an advocate marketing software solution that enables to build advocate communities where they can engage with their customers, partners, and employees. The company’s AdvocateHub software helps B2B companies capture customer enthusiasm, and use it to turbocharge marketing and sales efforts, and allows marketers to build advocate communities and invite customers, partners, and employees into it to complete challenge’, such as referrals, reference calls, product reviews, and more. The company also provides consulting services that include coaching and hands-on training for companies that start to implement their advocate marketing strategies,
Company Overview
|
Founded |
2010 |
|
Location |
Toronto (Canada) |
|
Investors |
Illuminate Ventures, Georgian Partners, Hummer Winblad Venture Partners and 24 Other Investors |
Disclosed Funding
USD 57M
123Dentist is one of Canada’s largest network of dental practices. It has more than 80 dental clinics in Ontario and British Columbia. It provides dental services to its patients. It offers its partner clinics a range of non-clinical support functions such as accounting, payroll, human resources, marketing, and supply & equipment purchasing.
Company Overview
|
Founded |
2011 |
|
Location |
Coquitlam (Canada) |
|
Investors |
Bank of Montreal, Peloton Capital Management, RBC Royal Bank |
Disclosed Funding
USD 57M
Highland Therapeutics has developed a proprietary drug delivery system. The DELEXIS an oral drug delivery system that is used to deliver the drugs developed by the company. It's lead compounds, HLD-100 (amphetamine) in clinical trial phase 1 and JORNAY PM (HLD-200 (methylphenidate)) has completed clinical trials for treating the symptoms associated with Attention-Deficit/Hyperactivity Disorder (ADHD). Other pipeline candidates include HLD-900 in clinical trial phase 3 for binge eating disorder and HLD-400 for which the indication is undisclosed.
Company Overview
|
Founded |
2008 |
|
Location |
Toronto (Canada) |
|
Investors |
Citi, MaRS Discovery District |
Disclosed Funding
USD 56M
Provider of cloud-based digital process modeling, documentation, and optimization solutions that support the scaling of intelligent automation initiatives for large-enterprise clients. The key offering, Blueprint Enterprise Automation Suite, is a cloud-based platform used by Fortune 500 companies around the world to build Digital Blueprints, which enable teams to design and deliver higher-quality automated processes. With numerous integrations into the leading RPA platforms, it helps users to accelerate and scale their use of RPA, improve automation governance, reduce compliance risk and bot maintenance, and drive continuous improvement across their organization.
Company Overview
|
Founded |
2004 |
|
Location |
Toronto (Canada) |
|
Investors |
MMV Financial, Vistara Capital and 5 Other Investors |
Disclosed Funding
USD 55M
Librestream provides on site video collaboration solutions to service businesses. Provides features for sharing audio and video, circling and marking areas that need attention, adjusting lighting, and capturing still images and more.
Company Overview
|
Founded |
2003 |
|
Location |
Winnipeg (Canada) |
|
Investors |
Penderfund Capital Management, Emerald Technology Ventures, GreenSky Capital and 4 Other Investors |
|
Founders |
|
Disclosed Funding
USD 55M
GHGSat has developed a patented proprietary platform for collecting greenhouse emission data from industries. It has launched a satellite, GHGSat-D, that orbits the earth and measures the amount of light absorbed in specific wavelengths of light in spectroscopy. It produces images of resolution 50 meters per pixel. This absorption of light is used to measure the concentration of gases in a specific area. It uses proprietary algorithms for predicting the emission rates, detecting leakages & emission patterns which are offered as products & services to industries.
Company Overview
|
Founded |
2011 |
|
Location |
Montreal (Canada) |
|
Investors |
Space Angels, Fonds de solidarite FTQ, Government of Canada and 7 Other Investors |
|
Founders |
|
Disclosed Funding
USD 53M
Igloo is an enterprise social networking platform which provides social collaboration tools such as wikis, blogs, comments, and discussion. Other offerings include document sharing, team space for managing projects, personal dashboard, drag-and-drop interface, and collaborative text editor. Its API can be used to link with other business apps. Some of their customers include Siegel+gale, IDC, Kimberly-Clark, GENJI.
Company Overview
|
Founded |
2008 |
|
Location |
Kitchener (Canada) |
|
Investors |
Frontier Capital, Royal Bank of Canada, Information Venture Partners |
|
Founders |
|
Disclosed Funding
USD 52M
Fiix is a cloud-based CMMS software that helps businesses organize and schedule their maintenance activities. Helps facility managers in tracking work orders, maintaining a work calendar, asset management, creating purchase requests, managing environmental, health and safety standards data, etc. It helps in reducing equipment outages and optimizing maintenance costs. Also offers similar solutions through a mobile application for remote monitoring. The company earns revenue through its monthly subscription-based plans. The company's clientele includes Alstom, KFC, Hyundai, Kraft Heinz, and Magna, etc. The company is awarded as the industry "Innovator" by Info-Tech Research Group in 2016.
Company Overview
|
Founded |
2008 |
|
Location |
Toronto (Canada) |
|
Investors |
Laurence Capital, Georgian Partners, Velocity and 3 Other Investors |
|
Founders |
|
Peripheral cannabinoid (CB1) receptor antagonist/inverse agonist for the treatment of metabolic diseases
Disclosed Funding
USD 52M
Inversago Pharma (formerly GIcare Pharma) is focussed on developing peripheral cannabinoid (CB1) receptor antagonist/inverse agonist for the treatment of metabolic diseases such as obesity, insulin resistance and liver fibrosis. As of Jan 2017, the company programs are undisclosed.
Company Overview
|
Founded |
2015 |
|
Location |
Montreal (Canada) |
|
Investors |
Forbion Capital Partners, Genesys Capital, Tarnagulla Ventures and 8 Other Investors |
|
Founders |
|
Disclosed Funding
USD 52M
Dapper Labs builds games based on blockchain technology. The company has built Cryptokitties, a blockchain-based game that allows users to collect & breed digital cats. It has also developed KittyVerse, which allows users to build & play third-party games. Cheeze Wizards is a game where users have to duel and win tournaments.
Company Overview
|
Founded |
2018 |
|
Location |
Vancouver (Canada) |
|
Investors |
Andre Iguodala, Pirata Capital, Chapter One and 58 Other Investors |
|
Founders |
|
Disclosed Funding
USD 149M
Ritual offers a social ordering app for corporate professionals to order food for takeaways. It allows users to browse through the menus of partnered restaurants and place orders for a pickup. Offers various pickup options such as picking up orders by themselves or by other co-workers by adding their food orders to existing orders of their co-workers. It also provides multiple corporate programs for employers with redeemable credits for their employees as wellness perks & benefits. The mobile application is available for Android and iOS users. Has won the Emerging Technology MAXI Gold Award in 2017.
Company Overview
|
Founded |
2014 |
|
Location |
Toronto (Canada) |
|
Investors |
Mantella Venture Partners, Wildcat Venture Partners, Georgian Partners and 7 Other Investors |
|
Founders |
|
Disclosed Funding
USD 136M
Miovision Technologies provides traffic data collection and management solutions. The company offers a planning collaboration software that enables transportation engineers and planners to manage their traffic data collection projects. Also offers a purpose-built traffic counting device for professional data collectors and video-based data collection and traffic counting device for field operations. It also provides Miovision Traffic Data, a traffic data processing solution for data reports and analysis. Its clients include multiple cities as such as Detroit, Chicago, Pima County, etc.
Company Overview
|
Founded |
2005 |
|
Location |
Kitchener (Canada) |
|
Investors |
Plaza Ventures, Renewal Funds, Pointe Picard Capital and 11 Other Investors |
|
Founders |
|
Disclosed Funding
USD 75M
Lungpacer Medical is developing a pacer that enables ventilation in critically ill patients. The FDA approved lungpacer system uses a minimally invasive, transvascular nerve stimulation technology to activate the diaphragm. Its electrodes are intravenously inserted into the lungs to rhythmically activate the diaphragm through neurostimulation to restore negative pressure ventilation. The pacing therapy is used to prevent or reverse diaphragm muscle-disuse atrophy and maintain diaphragmatic endurance.
Company Overview
|
Founded |
2009 |
|
Location |
Vancouver (Canada), Exton (United States) |
|
Investors |
MedTech Innovator, Canadian Institutes of Health Research, Keiretsu Capital and 1 Other Investors |
|
Founders |
|
Disclosed Funding
USD 66M
FundThrough is a marketplace lender for small business loans. They work with businesses that sell to established, credit worthy companies. They give small business owners better access to working capital by allowing them to leverage the credit strength of their customers. The businesses upload the invoices that they want funded and once approved they receive access to 80-90% of the invoice as a line of credit.
Company Overview
|
Founded |
2014 |
|
Location |
Toronto (Canada) |
|
Investors |
Intercap, Hedgewood, Origin Merchant Partners and 7 Other Investors |
|
Founders |
|
Disclosed Funding
USD 61M
Ada Support develops a chatbot solution called Ada for enterprise clients. The chatbot enables enterprises to automate their customer support. Ada can pass on customer queries that it does not understand to human customer support agents. Ada understands natural language and learns from its conversations.
Company Overview
|
Founded |
2016 |
|
Location |
Toronto (Canada) |
|
Investors |
Barney Pell, NEXT Canada, Ramen Ventures and 11 Other Investors |
|
Founders |
|
The Soonicorn Club comprises of Unicorns - companies with over $1 billion valuation, Soonicorns - companies with high valuation and good chances of soon becoming Unicorns, and Minicorns - early-stage companies that have the potential to be Unicorns in the long term.
Tracxn Soonicorn Club provides a handpicked selection of high potential and high growth companies. The shortlisting is based on a combination of multiple publicly available signals and detailed analysis of the company by our internal sector specialist teams. The companies that make the cut are the ones that show promising performance on multiple parameters - market size, investment by marquee investors, execution excellence and future growth prospects.