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Unicorn startups in Canada (Oct, 2026)

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A unicorn is a startup marked at USD 1 Billion or more. These are highly innovative and market disruptive startups. Canada has more than 241K+ startups. Of these, 33 have become Unicorns, with the latest entrant to the club being Waabi on Jan 28, 2026. In 2026, Canada has seen 1 new unicorn startup (as of 08 October). This no. was same as the last year.
Globally, Canada is number 9 in terms of total Unicorns created, behind France (36 unicorns) at rank 8 and Singapore (37 unicorns) at rank 7. Toronto leads the list of cities in Canada with most unicorns at 13. It is followed by Vancouver (7 unicorns) and Montreal (4 unicorns). Among sectors, Enterprise Applications has seen the most unicorns created at 19, followed by High Tech at 11, and FinTech at 11
Here is a list of all 33 unicorns created in Canada:

33. Waabi

Waabi joined the Unicorn Club on Jan 28, 2026 after raising a $***** Series C funding round led by Khosla Ventures, G2 Venture Partners.
Screenshot of the website of Waabi
Developer of physical artificial intelligence platform for autonomous trucks and robotaxis. The platform enables scalability across various form factors, geographies, and environments. It utilizes a shared artificial intelligence model for both autonomous trucks and robotaxis. The company focuses on delivering safer and more efficient autonomous transportation solutions. It employs neural simulation and end-to-end artificial intelligence to set new standards for safety.

Key facts about Waabi

StackAdapt joined the Unicorn Club on Feb 04, 2025 after raising a $***** Series B funding round led by Ontario Teachers' Pension Plan.
Screenshot of the website of StackAdapt
Provider of an AI-powered platform for digital advertising campaign management. The platform offers tools for planning, executing, and analyzing advertising campaigns across various digital channels. It provides features such as audience targeting, creative design, and performance reporting. The platform supports advertising across connected TV, digital out-of-home, email, audio, video, and in-game channels.

Key facts about StackAdapt

31. Cohere

Cohere joined the Unicorn Club on May 02, 2023 after raising a $***** Series C funding round led by Inovia Capital, Oracle, valuing it at $*****.
Screenshot of the website of Cohere
Developer of enterprise AI platform and multilingual language and retrieval models. The company provides tools for workplace productivity, intelligent search, and semantic text representation. It offers models for relevance-based result refinement and high-performance generative tasks. The platform supports customization and private deployments, catering to various industries. It also provides developer resources, including API access and technical documentation.

Key facts about Cohere

30. Xanadu

Xanadu joined the Unicorn Club on Nov 09, 2022 after raising a $***** Series C funding round led by Georgian, valuing it at $*****.
Screenshot of the website of Xanadu
Manufacturer of cloud and AI-based application-specific ICs for quantum computing applications. It develops a quantum photonic processor and an open-source software platform. Its photonic-powered quantum processor chips are developed using squeezed light (fluctuation in light behaviour at the quantum level) concept for better calculations and computing speeds. It has developed open-source software that also includes a new quantum computing language, which is a dedicated machine learning platform for quantum computers.

Key facts about Xanadu

29. Nexii

Nexii joined the Unicorn Club on Jul 13, 2022 after raising a $***** Series C funding round led by Horizon, Trinity Capital.
Screenshot of the website of Nexii
Provider of prefabricated panel systems for commercial and industrial building construction. The company’s panelized system allows for faster construction timelines and reduces labor needs. It offers a sustainable building material as a lower-carbon alternative to traditional materials. The company serves single tenant retail, big box retail, multi tenant retail, and industrial sectors.

Key facts about Nexii

Neo Financial joined the Unicorn Club on May 05, 2022 after raising a $***** Series C funding round led by Valar Ventures, valuing it at $*****.
Screenshot of the website of Neo Financial
Provider of financial products and services including credit cards, accounts, and investment options. It offers various credit card options with cashback rewards. Account services include everyday accounts and high-interest savings accounts. Investment options are also available through expertly managed portfolios. It also offers customized financial and loyalty solutions for businesses and brands. This platform enables organizations to enhance customer engagement through integrated rewards programs leveraging a robust cashback network. It also provides financial services and education for teenagers by offering financial tools, including a spending card with cashback rewards and a high-interest savings account, designed to help young individuals manage their money effectively. Its app is available across Android and iOS platforms.

Key facts about Neo Financial

  • Founded Year: 2019
  • Location: Calgary (Canada)
  • Stage: Series D
  • Primary Sector: Banking Tech
  • Time to Unicorn: 3 years 4 months
  • Top investors : Inovia Capital, ATB Financial
  • Valuation: $*****
  • Total Funding till date: $344M
  • Employee Count: 1,015 as on Aug 31, 2026
  • Latest Funding Round: Series D, Feb 03, 2026, $*****
Tailscale joined the Unicorn Club on May 04, 2022 after raising a $***** Series B funding round led by CRV, Insight Partners.
Screenshot of the website of Tailscale
VPN solutions based on wireguard protocol. The product uses multi-factor identification and single-sign-on technology for secure authentication. The features of the product include automatic key rotations, point-to-point connections, encryption, audit-compliant logging, etc. The product is available for Linux, iOS, Windows, Raspberry Pi and ARM.

Key facts about Tailscale

LayerZero Labs Canada Inc joined the Unicorn Club on Mar 30, 2022 after raising a $***** Series B funding round led by Sequoia Capital, FTX, Andreessen Horowitz, valuing it at $*****.
Screenshot of the website of LayerZero Labs Canada Inc
Omnichain interoperability protocol that unites decentralized applications. It enables the secure movement of messages and fungible tokens between several blockchains without the need for asset wrapping, middle chains, or liquidity pools.

Key facts about LayerZero Labs Canada Inc

eSentire joined the Unicorn Club on Feb 22, 2022 after raising a $***** Series E funding round led by CDPQ, valuing it at $*****.
Screenshot of the website of eSentire
ESentire is a Managed security service provider. It provides a non-disruptive approach to zero trust segmentation, policy-based enforcement & automation solution. It provides cloud-based threat protection solutions and managed cybersecurity services. Its product employs behavior-based analytics, mitigation & intelligence. It includes manual monitoring of customer's networks to detect and block cyberattacks in real-time. The features include real-time deep-packet inspection, human-assisted machine learning, behavior-based anomaly detection, signature-based intrusion detection and prevention, and analyst communications.

Key facts about eSentire

  • Founded Year: 2001
  • Location: Waterloo (Canada)
  • Stage: Acquired
  • Primary Sector: IT Services
  • Time to Unicorn: 21 years 1 month
  • Top investors : Teralys Capital, Georgian
  • Last Known Valuation: $*****
  • Total Funding till date: $453M
  • Employee Count: 561 as on Aug 31, 2026
  • Latest Funding Round: Series E, Feb 22, 2022, $*****

24. Axelar

Axelar joined the Unicorn Club on Feb 15, 2022 after raising a $***** Series B funding round led by Cygnicapital.com, Blockchange, Olive Tree Capital, valuing it at $*****.
Screenshot of the website of Axelar
Online platform for cross-chain communication for web3. It offers solutions for integrating decentralized applications into blockchain networks. It allows developers to host apps, move assets, communicate with applications on other chains using the Axelar API, and more.

Key facts about Axelar

1Password joined the Unicorn Club on Jan 19, 2022
Screenshot of the website of 1Password
Cloud based platform for remote access software. It stores passwords and provides document storage. It allows the user to control what information to make visible, delegate management roles, and get comprehensive usage reports. It offers features such as password manager, access management, two factor authentication, passkeys, and more. The app supports Mac, Windows, Android, iOS, and the web. The customers include Today, BBC, CNN, and Mashable.

Key facts about 1Password

22. Assent

Assent joined the Unicorn Club on Jan 06, 2022 after raising a $***** Series D funding round led by Vista Equity Partners, valuing it at $*****.
Screenshot of the website of Assent
Provider of web-based supply chain sustainability & compliance management solutions. The company offers sustainability and compliance data solutions for manufacturers. It includes indirect supplier monitoring, data information & monitoring, reporting & data, supplier engagement, trade compliance management, and many more.

Key facts about Assent

Figment joined the Unicorn Club on Dec 20, 2021 after raising a $***** Series C funding round led by Thoma Bravo, valuing it at $*****.
Screenshot of the website of Figment
Online platform for the staking solution. The company offers staking solutions including rewards optimization, rapid API development, rewards reporting, partner integrations, governance, liquid staking, and more.

Key facts about Figment

Blockstream joined the Unicorn Club on Aug 24, 2021 after raising a $***** Series B funding round led by Baillie Gifford, Bitfinex, valuing it at $*****.
Screenshot of the website of Blockstream
Developer of cryptocurrency infrastructure software and open source hardware wallets. Systems built for the bitcoin network include non custodial applications, security technology, and decentralized financial tools. These products facilitate peer to peer transactions and address scaling requirements through satellite transmissions and sidechain implementations. Hardware security devices assist individuals with self custody management. The architecture aims to reduce reliance on third party financial institutions by utilizing cryptographic proof and distributed systems protocols.

Key facts about Blockstream

FreshBooks joined the Unicorn Club on Aug 10, 2021 after raising a $***** Series E funding round led by Accomplice, valuing it at $*****.
Screenshot of the website of FreshBooks
Provider of accounting software for invoicing, billing, payments, and payroll. It offers tools for creating invoices, tracking expenses, managing clients, and generating financial reports. The software supports mileage tracking, time tracking, and project management. It also provides features for estimating, bookkeeping, and team management.

Key facts about FreshBooks

18. Visier

Visier joined the Unicorn Club on Jun 29, 2021 after raising a $***** Series E funding round led by Goldman Sachs Asset Management, valuing it at $*****.
Screenshot of the website of Visier
Cloud-based workforce analytics and planning software. Platform utilizes artificial intelligence to deliver actionable insights and guidance, allowing HR professionals to adapt to changes and improve workforce performance. Platform integrates data from various systems to provide a view of both HR and business metrics, enabling organizations to focus on strategic analysis rather than data management. It offers AI digital assistant that provides instant answers to workforce-related questions and improving the efficiency of HR teams by automating routine inquiries.

Key facts about Visier

17. SSENSE

SSENSE joined the Unicorn Club on Jun 08, 2021 after raising a $***** Seed funding round led by HSG, valuing it at $*****.
Screenshot of the website of SSENSE
SSENSE is an online retailer of multi-category fashion products. The product catalog includes apparel, bags, footwear, and other accessories. A few of the brands associated with the company are Acne Studio, Adidas, Chloe, Isabel Marant, Joseph, and more. It caters to both men & women.

Key facts about SSENSE

  • Founded Year: 2003
  • Location: Montreal (Canada)
  • Stage: Seed
  • Primary Sector: Fashion Tech
  • Time to Unicorn: 18 years 5 months
  • Top investors : HSG
  • Valuation: $*****
  • Employee Count: 1,423 as on Aug 31, 2026
  • Latest Funding Round: Seed, Jun 08, 2021, $*****
Trulioo joined the Unicorn Club on Jun 07, 2021 after raising a $***** Series D funding round led by TCV, valuing it at $*****.
Screenshot of the website of Trulioo
Provider of online identity verification services for KYC, KYB, and AML. The company offers a platform to customize workflows with person and business verification capabilities. It helps to achieve compliance and prevent fraud. The platform delivers integration through a single token and endpoint, giving access to verification services.

Key facts about Trulioo

Tenstorrent joined the Unicorn Club on May 20, 2021 after raising a $***** Series C funding round led by Fidelity Investments, valuing it at $*****.
Screenshot of the website of Tenstorrent
Developer of hardware and open-source software for artificial intelligence acceleration. The company provides tools for optimizing workloads on its hardware. It offers an open-source compiler designed to integrate with its AI software library. The company provides resources such as documentation and developer tutorials.

Key facts about Tenstorrent

14. Ada

Ada joined the Unicorn Club on May 07, 2021 after raising a $***** Series C funding round led by Spark Capital, valuing it at $*****.
Screenshot of the website of 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

13. Clio

Clio joined the Unicorn Club on Apr 27, 2021 after raising a $***** Series E funding round led by T. Rowe Price, OMERS, valuing it at $*****.
Screenshot of the website of Clio
Platform offering legal practice management software. It offers features to run a law practice from intake to invoicing, with features to manage cases, clients, documents, dropbox integration, bills, appointment scheduling, time tracking, reporting, and accounting through integration with Xero and Quickbooks. It provides document and case management solutions.

Key facts about Clio

  • Founded Year: 2008
  • Location: Vancouver (Canada)
  • Stage: Series G
  • Primary Sector: Legal Tech
  • Time to Unicorn: 13 years 3 months
  • Top investors : T. Rowe Price, CapitalG
  • Valuation: $*****
  • Total Funding till date: $1.79B
  • Employee Count: 2,371 as on Feb 28, 2026
  • Latest Funding Round: Series G, Nov 10, 2025, $*****
Clearco joined the Unicorn Club on Apr 20, 2021 after raising a $***** Series C funding round led by Oak HC/FT, valuing it at $*****.
Screenshot of the website of Clearco
Revenue-based financing solution. It provides loans to businesses in return for a part or percentage of revenue generated by the business. It provides loans to eCommerce, SaaS, and more.

Key facts about Clearco

11. Hopper

Hopper joined the Unicorn Club on Mar 24, 2021 after raising a $***** Series F funding round led by Capital One Ventures, valuing it at $*****.
Screenshot of the website of Hopper
AI-powered travel booking and price prediction. It uses artificial intelligence algorithms to collect, organize, and analyze travel data, generating predictive models that identify the best times to book flights and hotels. Users can search for and book multiple categories of travel services, track fare changes, and receive notifications about price drops.

Key facts about Hopper

  • Founded Year: 2007
  • Location: Montreal (Canada)
  • Stage: Series G
  • Primary Sector: Online Travel
  • Time to Unicorn: 14 years 2 months
  • Top investors : Atlas Venture, Goldman Sachs
  • Valuation: $*****
  • Total Funding till date: $740M
  • Employee Count: 1,065 as on Aug 31, 2026
  • Latest Funding Round: Series G, Nov 07, 2022, $*****
Dapper Labs joined the Unicorn Club on Feb 14, 2021
Screenshot of the website of Dapper Labs
Blockchain-based games developer for PC and console. It has built Cryptokitties, a blockchain-based game that allows users to collect and breed digital cats. It has also developed KittyVerse, which allows users to build and play third-party games.

Key facts about Dapper Labs

Benevity joined the Unicorn Club on Dec 03, 2020
Screenshot of the website of Benevity
Provider of an enterprise impact platform for corporate social responsibility programs. This platform unifies grantmaking, volunteering, employee giving, and employee resource group management. It offers tools to streamline operations, manage risk and compliance, and measure the impact of these initiatives. The platform provides real-time reporting and data to help organizations demonstrate their social responsibility efforts effectively. It aims to help businesses drive positive change while improving internal culture and engagement.

Key facts about Benevity

Wealthsimple joined the Unicorn Club on Oct 14, 2020 after raising a $***** Series E funding round led by TCV, valuing it at $*****.
Screenshot of the website of Wealthsimple
Provider of financial services including investing, trading, saving, and borrowing. The company offers chequing accounts, credit cards, and savings accounts. It provides self-directed investing in stocks, ETFs, options, margin, gold, and crypto. Wealth management services include portfolios, direct indexing, and income portfolios. Mortgages and tax filing services are also available.

Key facts about Wealthsimple

ApplyBoard joined the Unicorn Club on May 04, 2020 after raising a $***** Series C funding round led by Drive Capital, valuing it at $*****.
Screenshot of the website of ApplyBoard
Study abroad application platform connecting recruitment partners and schools. It uses artificial intelligence to browse for universities and end to end educational services for students. It manages the process of abroad study, application, and acceptance of students. Additionally, it also guides students through the visa application process.

Key facts about ApplyBoard

Nuvei joined the Unicorn Club on Dec 11, 2019 after raising a $***** Series D funding round led by Novacap.
Screenshot of the website of Nuvei
Provider of payment solutions, risk management, and banking and issuing services. It offers payment processing, fraud prevention, and chargeback management. The company provides currency management and reconciliation services. It facilitates bank transfers, real-time payments, and crypto and digital asset transactions.

Key facts about Nuvei

  • Founded Year: 2003
  • Location: Montreal (Canada)
  • Stage: Acquired
  • Primary Sector: Payments
  • Time to Unicorn: 16 years 11 months
  • Top investors : Goldman Sachs, Bregal Sagemount
  • Total Funding till date: $322M
  • Employee Count: 2,753 as on Aug 31, 2026
  • Latest Funding Round: Post IPO, May 19, 2023, $*****
Coveo joined the Unicorn Club on Nov 06, 2019 after raising a $***** Series F funding round led by OMERS.
Screenshot of the website of Coveo
Provider of AI-powered search and recommendation solutions for enterprise businesses. It is a software company that provides an AI-powered relevance platform for enterprises, enabling superior search, recommendations, and generative answering capabilities across various digital experiences. Its unified search platform unifies data across systems, reduces search time, and boosts customer satisfaction. The company serves millions of people and billions of interactions across various industries.

Key facts about Coveo

PointClickCare joined the Unicorn Club on Mar 02, 2018 after raising a $***** Unattributed funding round led by Dragoneer Investment Group.
Screenshot of the website of PointClickCare
Cloud-based administrative task management tool for 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. Also, solutions are offered for care delivery management, quality & compliance management, financial management, marketing solutions, health data exchange, and more.

Key facts about PointClickCare

LeddarTech joined the Unicorn Club on Sep 06, 2017 after raising a $***** Series C funding round led by OSRAM.
Screenshot of the website of LeddarTech
AI based perception and sensing software. The platform supports development of perception systems that interpret sensor data for assisted and autonomous vehicle functions. It focuses on processing environmental information to help intelligent systems understand surroundings and respond accurately through an integrated online framework.

Key facts about LeddarTech

Hootsuite joined the Unicorn Club on Sep 25, 2014 after raising a $***** Series B funding round led by Fidelity Investments.
Screenshot of the website of Hootsuite
AI based social media management platform for businesses. It allows users to create, schedule, and publish content to multiple social media networks. It enables users to set up streams to monitor mentions, keywords, and hashtags across different social media platforms. It helps users monitor conversations about brands, engage with the audience, analyze performance metrics, and respond to customer feedback across various social media channels.

Key facts about Hootsuite

  • Founded Year: 2008
  • Location: Vancouver (Canada)
  • Stage: Series B
  • Primary Sector: AdTech and MarketingTech
  • Time to Unicorn: 6 years 8 months
  • Top investors : Section Partners, InvestX
  • Annual Revenue: £10M - £50M as on Dec 31, 2025
  • Valuation: $*****
  • Total Funding till date: $284M
  • Employee Count: 1,728 as on May 31, 2026
  • Latest Funding Round: Series B, Mar 20, 2023, $*****
Shopify joined the Unicorn Club on Dec 11, 2013 after raising a $***** Series C funding round led by OMERS, Insight Partners.
Screenshot of the website of Shopify
Provider of an all-in-one commerce platform for businesses of all sizes. The platform enables merchants to start, grow, market, and manage their retail operations. It offers tools to build brands, create websites, and customize online stores. The platform also provides solutions for selling products online, in person, and across various channels. It facilitates payment acceptance, marketing, customer management, and business analytics.

Key facts about Shopify

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