25 Canadian Startups That Are Crushing It on the World Stage

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While our neighbors down south get much attention for their Silicon Valley hustle, Canada has quietly built a world-class startup ecosystem, punching well above its weight on the global stage. Here’s a rundown of 25 startups from the land of snow and Tim Hortons that are crushing it internationally.

Shopify (Ottawa, Ontario)

Founded in 2006 by Tobias Lütke, Daniel Weinand, and Scott Lake, Shopify began as an online store selling snowboards before pivoting into an e-commerce platform. Today, Shopify powers over 4.8 million live websites globally and is valued at more than $70 billion as of 2025. Its software enables businesses of all sizes to easily create online stores, manage products, process payments, and track orders.

Wealthsimple (Toronto, Ontario)

Wealthsimple offers robo-advisors, crypto trading, tax filing, and cash accounts under one slick app. In May 2021, the company secured a $750 million investment, elevating its valuation to $5 billion. Notable investors include celebrities like Drake, Ryan Reynolds, and Michael J. Fox. Wealthsimple also aims to diversify its offerings further by venturing into credit products and insurance, positioning itself as a formidable competitor to traditional banking institutions.​

Clearco (Toronto, Ontario)

Originally called Clearbanc, this company pioneered revenue-based financing for startups. They’ve funded over 7,000 businesses and deployed more than $3 billion. Despite a valuation dip below $1 billion in 2023, the company raised a $60 million Series D round and secured a $100 million asset-backed financing facility to support its Invoice Funding product.

ApplyBoard (Kitchener, Ontario)

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ApplyBoard, founded in 2015 by brothers Martin, Meti, and Massi Basiri in Kitchener, Ontario, has rapidly become a leader in the edtech sector by simplifying international students’ application process to educational institutions globally. The platform has assisted over 200,000 students from over 125 countries in accessing programs at over 1,500 institutions across Canada, the United States, the United Kingdom, and Australia.

1Password (Toronto, Ontario)

Founded in 2005 by Dave Teare and Roustem Karimov, 1Password began as a modest side project to manage passwords securely. Notably, Ashton Kutcher’s Sound Ventures and Accel are among its backers. With a valuation exceeding $6.8 billion, it’s one of Canada’s most valuable tech companies. Its user-friendly design and enterprise-grade security features helped it flourish in the age of remote work. Today, 1Password has over 500 employees and is still proudly Canadian despite its global reach.

Bench Accounting (Vancouver, British Columbia)

Bench offers online accounting services for U.S.-based SMEs. With more than 11,000 small business clients across North America, Bench has scaled from a modest startup to one of the largest bookkeeping firms in the U.S. and Canada. Their focus on simplifying financial management has landed them on Deloitte’s Fast 50 list and earned consistent praise for customer service.

Clio (Burnaby, British Columbia)

Have you ever wondered who makes lawyers’ lives less painful? Clio offers cloud-based legal practice management software used by over 150,000 legal professionals in 100+ countries. In July 2024, Clio secured a landmark $900 million Series F funding round led by New Enterprise Associates (NEA), with participation from Goldman Sachs Asset Management, Sixth Street Growth, CapitalG, and Tidemark, valuing the company at $3 billion. This investment marked the largest software funding round in Canadian tech history.

Ritual (Toronto, Ontario)

Ritual is a mobile ordering app that enables users to order and pick up meals from local restaurants and coffee shops. By 2019, Ritual had expanded into international markets, including the UK, Australia, Germany, Hong Kong, and the Netherlands, operating in over 50 cities globally. The company has raised significant funding, including a $70 million Series C round in 2018 led by Georgian Partners, bringing its total venture funding to $127.5 million.

Koho (Toronto, Ontario)

Koho, a Toronto-based fintech startup founded in 2014, is flipping the traditional banking model with its no-fee, app-based alternative to banking. Instead of nickel-and-diming customers with overdraft charges and monthly fees, Koho offers a prepaid Visa card with a slick app that gives real-time spending insights, automated savings, and cash-back rewards.

Borrowell (Toronto, Ontario)

Another fintech disruptor, Borrowell, offers free credit score checks, AI-powered financial advice, and loan recommendations. The company’s strategic acquisition of Refresh Financial in February 2021 expanded its credit-building solutions and doubled its revenue and employee base. Borrowell has secured significant funding, including a $20 million Series B round in 2019 and an additional $25 million in 2021, underscoring investor confidence. Plus, recognized among Canada’s top fintech firms, Borrowell continues to innovate, exemplifying Canadian excellence on the global stage.​

Nexii (Vancouver, British Columbia)

A green building tech company creating sustainable, prefab construction materials that are fast to assemble and kind to the planet. They’ve raised over $100 million and built projects for clients like Starbucks. The company’s green building solutions have attracted clients like Starbucks, Popeyes, and Marriott. Strategic partnerships with industry leaders such as Siemens have further enhanced its offerings. With multiple manufacturing plants across North America, Nexii is poised to revolutionize the construction industry with its environmentally conscious and efficient building technologies.​

Dapper Labs (Vancouver, British Columbia)

You may know them as the geniuses behind NBA Top Shot and CryptoKitties. By March 2021, NBA Top Shot had achieved nearly $500 million in sales and attracted over 800,000 registered users. In the same month, Dapper Labs secured $305 million in funding from investors including Michael Jordan, Kevin Durant, and Andreessen Horowitz. This capital supports expanding their NFT platform to other sports and entertainment sectors, solidifying Dapper Labs’ position as a global digital collectibles market leader.

Geotab (Oakville, Ontario)

A global leader in telematics and IoT for fleet management, Geotab’s data-driven platform connects over 3 million vehicles worldwide. In 2024, Geotab was inducted into Canada’s Best Managed Companies Platinum Club, marking its seventh consecutive recognition. The company also secured four Stevie® Awards in 2023, including Gold for Company of the Year in Transportation. Demonstrating consistent growth, Geotab was named one of Canada’s Top Growing Companies for the fourth consecutive year in 2022.

Ada (Toronto, Ontario)

Founded in 2016 by Mike Murchison and David Hariri (who got tired of yelling “operator!” into phones), Ada built an AI-powered chatbot platform that helps companies automate up to 80% of customer inquiries without sounding like a confused toaster. Ada’s AI-powered customer support bots handle millions of conversations monthly for companies like Facebook and AirAsia. They raised $130 million to ensure you never press “0 to speak to an agent” again.

MindBridge AI (Ottawa, Ontario)

Making accountants cool (sort of), MindBridge uses AI to detect financial anomalies and fraud. Their AI-powered platform doesn’t just crunch numbers; it plays detective, sniffing out financial anomalies and risks faster than you can say “audit.” This isn’t just tech wizardry—it’s revolutionizing how finance pros tackle errors and fraud. The proof? A jaw-dropping 294% revenue growth over three years landed them on The Globe and Mail’s Top Growing Companies list in 2023.

Fable (Toronto, Ontario)

Big brands like Shopify, Walmart, and Slack have joined Fable’s accessibility revolution, showing the world that inclusivity is profitable—and morally decent, too (who knew?). CEO Alwar Pillai and her team have raised over $12 million, including a Series A round led by Five Elms Capital in 2022. And, with a Toronto HQ and a globally distributed team, Fable isn’t just riding the accessibility wave—it’s helping steer the damn ship.

Gatik (Toronto, Ontario)

Founded in 2017, Gatik specializes in “middle mile” logistics—think warehouse-to-store, not the sexy stuff, but the essential stuff. They’ve raised over $120 million, partnered with Walmart, Loblaw, and KBX, and are already running fully driverless routes in Arkansas (yes, really). From the snowy streets of Ontario to sunny Arkansas highways, Gatik proves that Canadian innovation is anything but polite when it comes to disrupting the delivery game.

Coveo (Quebec City, Quebec)

Coveo, hailing from the charming land of poutine and snow (a.k.a Quebec City), is Canada’s AI-powered search superstar. This not-so-little startup has made a significant global splash by helping companies like Salesforce, Adobe, and Logitech serve smarter, faster, and freakishly relevant search results. Founded in 2005 (it’s aging like fine maple syrup), Coveo’s secret sauce is its AI and machine learning wizardry, transforming digital experiences across e-commerce, service, and workplace platforms.

Wattpad (Toronto, Ontario)

Where fanfiction meets publishing gold, Wattpad has over 90 million users reading and writing stories. In 2021, South Korea’s Naver Corporation, the tech titan behind LINE and WEBTOON, acquired Wattpad for a whopping $754 million. Not just content with digital dominance, Wattpad has inked deals turning user-generated stories into films and TV shows, including the steamy teen love flick ‘After,’ which originated as a Harry Styles fan fiction series.

Deep Genomics (Toronto, Ontario)

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Deep Genomics, a Toronto-based biotech whiz, is making waves by marrying artificial intelligence with genetic medicine. Founded by the University of Toronto’s Professor Brendan Frey, this company uses AI to unearth and develop treatments for genetic disorders. Their AI Workbench predicts how RNA-based drugs will tango with disease-causing genes, aiming to “debug” our biological code. Before doing expensive trials, they’re using machine learning to predict which genes cause disease and how to treat them. Their $180 million war chest is helping them take on Big Pharma with big brains.

Fellow.app (Ottawa, Ontario)

Fellow.app, born in Ottawa (yes, where beavers roam and Parliament stands), is a Canadian startup quietly conquering boardrooms worldwide. This mighty meeting productivity tool helps teams have fewer soul-sucking meetings and more focused, collaborative ones. Founded by Aydin Mirzaee in 2017, Fellow has raised over $30 million and is backed by heavyweights like Inovia Capital and Craft Ventures. Fellow is used by Shopify, Uber, and HubSpot to take notes, manage agendas, and keep meetings from becoming aimless gripe sessions.

Medchart (Toronto, Ontario)

If you’ve ever tried to get your medical records transferred, you know it’s like summoning ancient scrolls. Founded in 2015, Medchart streamlines the tedious process of accessing and sharing medical records by digitizing the whole ordeal. Need health data from 1997 faxed from your grandma’s clinic in Moose Jaw? Medchart’s got you. Their cloud-based platform connects patients, lawyers, and insurers to medical records from thousands of providers across North America, making them the Expedia of health info (but with fewer vacation deals).

Brim Financial (Toronto, Ontario)

A next-gen credit card platform that lets banks white-label their cards with cool perks and rewards. Brim snagged partnerships with Mastercard and some major banks, showing it can play with the big kids and still run its fintech playground. In 2021, it raised a spicy $25M Series B round to scale globally, and by 2024, it was powering co-branded cards across North America. Their secret sauce? An end-to-end credit card-as-a-service (CCaaS) platform that lets partners launch sleek financial products faster than you can say “interchange fee.”

Swirl.ai (Toronto, Ontario)

Swiirl is an AI-powered sales productivity tool that helps enterprise sales teams close deals faster. Think of it as Cupid but for corporate social responsibility. By redirecting marketing budgets into educational initiatives, Swiirl has already generated over $100,000 for schools and involved more than 200 students in creative projects. With 11 brand clients signed and 20 more in the pipeline, they’re not just making waves but creating a tsunami of positive change.

North (Kitchener-Waterloo, Ontario)

Formerly known as Thalmic Labs, these guys built smart glasses that didn’t make you look like a cyborg. Unlike Google Glass, Focals were stylish and functional, projecting notifications, directions, and even Uber updates into your line of sight. Backed by over $170 million from heavyweights like Amazon’s Alexa Fund and Intel Capital, North was the little Canadian engine that could… and did. In 2020, Google swooped in and acquired North, making it Canada’s gift to the tech overlords of Silicon Valley.

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