# Top 39 Biotech Startups in Toronto by Funding (2026)

> The 39 best-funded biotech startups in Toronto, ranked by total funding raised: $1.1B combined. With founding year, headquarters and each company's rounds.

Source: https://millionrounds.com/top-lists/biotech-startups-toronto (Millionrounds; every figure on the page links to its filing or article)

- 1 [**Deep Genomics** Deep Genomics is using artificial intelligence to build a new universe of life-saving genetic therapies.](https://millionrounds.com/company/deep-genomics) Deep Genomics is using artificial intelligence to build a new universe of life-saving genetic therapies. *Founded* 2014 Toronto, Canada **$197M** last round Jul 2021
- 2 [**Biossil** Biossil is an AI-native biopharma company located in Toronto, Canada.](https://millionrounds.com/company/biossil) Biossil is an AI-native biopharma company located in Toronto, Canada. *Founded* 2023 Toronto, Canada **$153M** last round Sept 2026
- 3 [**BenchSci** BenchSci is a Toronto-based software company that specializes in AI-driven solutions for life sciences and drug discovery.](https://millionrounds.com/company/benchsci) BenchSci is a Toronto-based software company that specializes in AI-driven solutions for life sciences and drug discovery. *Founded* 2015 Toronto, Canada **$98M** last round May 2023
- 4 [**PointClickCare** PointClickCare develops web-based products and services to help long-term care providers manage the complete lifecycle of resident care.](https://millionrounds.com/company/pointclickcare) PointClickCare develops web-based products and services to help long-term care providers manage the complete lifecycle of resident care. *Founded* 1995 Toronto, Canada **$85M** last round Feb 2017
- 5 [**League** League is a platform technology company powering next-generation healthcare consumer experiences.](https://millionrounds.com/company/league) League is a platform technology company powering next-generation healthcare consumer experiences. *Founded* 2014 Toronto, Canada **$76M** last round Feb 2025
- 6 [**Reunion Neuroscience** Reunion Neuroscience is a clinical-stage pharmaceutical company developing therapeutic solutions for underserved mental health conditions.](https://millionrounds.com/company/reunion-neuroscience) Reunion Neuroscience is a clinical-stage pharmaceutical company developing therapeutic solutions for underserved mental health conditions. *Founded* 2019 Toronto, Canada **$69M** last round May 2025
- 7 [**Xagenic** Xagenic is a molecular diagnostics company developing on-demand molecular testing, facilitating faster treatment decisions for patients.](https://millionrounds.com/company/xagenic) Xagenic is a molecular diagnostics company developing on-demand molecular testing, facilitating faster treatment decisions for patients. *Founded* 2010 Toronto, Canada **$67M** last round Jul 2015
- 8 [**Helus Pharma** Helus Pharma is a biopharmaceutical company that develops psychedelic therapeutics for mental health conditions.](https://millionrounds.com/company/helus-pharma) Helus Pharma is a biopharmaceutical company that develops psychedelic therapeutics for mental health conditions. *Founded* - Toronto, Canada **$50M** last round Sept 2026
- 9 [**Next Edge Capital** Next Edge Capital is a biotechnology impact investing company that provides asset management services.](https://millionrounds.com/company/next-edge-capital) Next Edge Capital is a biotechnology impact investing company that provides asset management services. *Founded* 2014 Toronto, Canada **$50M** last round Apr 2022
- 10 [**Specific Biologics** Specific Biologics develops novel gene editing technologies to treat diseases at the genetic level in cells inside the body.](https://millionrounds.com/company/specific-biologics) Specific Biologics develops novel gene editing technologies to treat diseases at the genetic level in cells inside the body. *Founded* 2017 Toronto, Canada **$36M** last round Nov 2026
- 11 [**Radiant Biotherapeutics** Radiant Biotherapeutics is a biotechnology company based in Toronto, founded in 2020.](https://millionrounds.com/company/radiant-biotherapeutics) Radiant Biotherapeutics is a biotechnology company based in Toronto, founded in 2020. *Founded* 2020 Toronto, Canada **$35M** last round Sept 2024
- 12 [**Altis Labs** Altis Labs, Inc.](https://millionrounds.com/company/altis-labs) Altis Labs, Inc. *Founded* 2019 Toronto, Canada **$31M** last round Sept 2026
- 13 [**Nymi** Workplace wearables built on a connected worker platform with enterprise applications for security, productivity, and health & safety.](https://millionrounds.com/company/nymi) Workplace wearables built on a connected worker platform with enterprise applications for security, productivity, and health & safety. *Founded* 2011 Toronto, Canada **$30M** last round May 2017
- 14 [**Think Research** Think Research is on a mission is to organize the world’s health knowledge so that everyone gets the best care.](https://millionrounds.com/company/think-research) Think Research is on a mission is to organize the world’s health knowledge so that everyone gets the best care. *Founded* 2006 Toronto, Canada **$25M** last round Oct 2018
- 15 [**Acorn Biolabs** Acorn Biolabs is cryopreserving people's healthy young cells for use in future regenerative treatments.](https://millionrounds.com/company/acorn-biolabs) Acorn Biolabs is cryopreserving people's healthy young cells for use in future regenerative treatments. *Founded* 2017 Toronto, Canada **$11M** last round Jun 2024
- 16 [**Paradox Immunotherapeutics** Paradox Immunotherapeutics is an pharmaceutical company developing immunotherapies for rare diseases using a proven-successful immunotherapy drug design platform.](https://millionrounds.com/company/paradox-immunotherapeutics) Paradox Immunotherapeutics is an pharmaceutical company developing immunotherapies for rare diseases using a proven-successful immunotherapy drug design platform. *Founded* 2019 Toronto, Canada **$10M** last round Feb 2025
- 17 [**EBT Medical** EBT Medical is a clinical-stage startup developing disruptive neuromodulation therapies for pelvic health disorders.](https://millionrounds.com/company/ebt-medical) EBT Medical is a clinical-stage startup developing disruptive neuromodulation therapies for pelvic health disorders. *Founded* 2014 Toronto, Canada **$10M** last round Dec 2019
- 18 [**AmacaThera** AmacaThera is a clinical-stage biotechnology company based in Toronto, Canada.](https://millionrounds.com/company/amacathera) AmacaThera is a clinical-stage biotechnology company based in Toronto, Canada. *Founded* 2016 Toronto, Canada **$9.1M** last round Dec 2023
- 19 [**CareGuide** CareGuide is a Toronto-based technology company founded in 2013 by John Philip Green and Jesse Rasch.](https://millionrounds.com/company/careguide) CareGuide is a Toronto-based technology company founded in 2013 by John Philip Green and Jesse Rasch. *Founded* 2012 Toronto, Canada **$7.6M** last round May 2019
- 20 [**OnCall Health** OnCall Health is a software company that offers telehealth software for healthcare companies.](https://millionrounds.com/company/oncall-health) OnCall Health is a software company that offers telehealth software for healthcare companies. *Founded* 2016 Toronto, Canada **$7.5M** last round Sept 2020
- 21 [**QurCan Therapeutics Inc.** QurCan Therapeutics Inc.](https://millionrounds.com/company/qurcan-therapeutics-inc) QurCan Therapeutics Inc. *Founded* 2018 Toronto, Canada **$6.0M** last round Sept 2026
- 22 [**ProteinQure** ProteinQure is a biotech company that designs peptide-based therapeutics and drug delivery systems using AI.](https://millionrounds.com/company/proteinqure) ProteinQure is a biotech company that designs peptide-based therapeutics and drug delivery systems using AI. *Founded* - Toronto, Canada **$5.8M** last round May 2026
- 23 [**Rna Diagnostics** Rna Diagnostics is a Canadian company with a patented platform technology providing real-time cancer therapy guidance.](https://millionrounds.com/company/rna-diagnostics) Rna Diagnostics is a Canadian company with a patented platform technology providing real-time cancer therapy guidance. *Founded* 2010 Toronto, Canada **$5.0M** last round Jul 2019
- 24 [**Medicenna Therapeutics** Medicenna is a clinical stage, privately held, immuno-oncology company.](https://millionrounds.com/company/medicenna-therapeutics) Medicenna is a clinical stage, privately held, immuno-oncology company. *Founded* 2012 Toronto, Canada **$4.4M** last round Jun 2026
- 25 [**Providence Therapeutics** Providence Therapeutics is a biotechnology company that develops a personalized mRNA cancer vaccine designed to treat ovarian cancer.](https://millionrounds.com/company/providence-therapeutics) Providence Therapeutics is a biotechnology company that develops a personalized mRNA cancer vaccine designed to treat ovarian cancer. *Founded* - Toronto, Canada **$2.1M** last round Dec 2021
- 26 [**PhenoTips** PhenoTips is a healthcare software company based in Toronto, Ontario, specializing in genomic medicine workflows.](https://millionrounds.com/company/phenotips) PhenoTips is a healthcare software company based in Toronto, Ontario, specializing in genomic medicine workflows. *Founded* 2014 Toronto, Canada **$2.0M** last round Mar 2026
- 27 [**Orbcare** OrbCare is a holistic solution for health professionals to streamline their day-to-day clinic operations and deliver the highest level of patient care possible,](https://millionrounds.com/company/orbcare) OrbCare is a holistic solution for health professionals to streamline their day-to-day clinic operations and deliver the highest level of patient care possible, *Founded* 2013 Toronto, Canada **$2.0M** last round Mar 2019
- 28 [**Cyclica** Cyclica is a company that creates patented cloud-based predictive analytics software to find safer and more effective medicines.](https://millionrounds.com/company/cyclica) Cyclica is a company that creates patented cloud-based predictive analytics software to find safer and more effective medicines. *Founded* 2013 Toronto, Canada **$1.8M** last round Nov 2022
- 29 [**Liberum Biotech** Liberum Biotech is a seed-stage biotechnology company founded in 2019, specializing in benchtop, cell-free protein synthesis platforms.](https://millionrounds.com/company/liberum-biotech) Liberum Biotech is a seed-stage biotechnology company founded in 2019, specializing in benchtop, cell-free protein synthesis platforms. *Founded* 2020 Toronto, Canada **$1.8M** last round Jul 2023
- 30 [**PharmAla Biotech** PharmAla Biotech is a biotechnology company that provides manufacturing and sales of MDMA substances to the clinical research community.](https://millionrounds.com/company/pharmala-biotech) PharmAla Biotech is a biotechnology company that provides manufacturing and sales of MDMA substances to the clinical research community. *Founded* 2021 Toronto, Canada **$1.6M** last round Dec 2024
- 31 [**Tailored Genes** Tailored Genes develops tailored lentivirus vectors for delivering precise therapeutic genes to target cells.](https://millionrounds.com/company/tailored-genes) Tailored Genes develops tailored lentivirus vectors for delivering precise therapeutic genes to target cells. *Founded* - Toronto, Canada **$1.0M** last round Oct 2025
- 32 [**Neurolytixs** Neurolytixs has utilized machine learning to look for unique biomarkers derived from the brain.](https://millionrounds.com/company/neurolytixs) Neurolytixs has utilized machine learning to look for unique biomarkers derived from the brain. *Founded* 2020 Toronto, Canada **$1.0M** last round Nov 2020
- 33 [**Awakn Life Sciences** Awakn Life Sciences is an ecosystem for psychedelic-based treatments.](https://millionrounds.com/company/awakn-life-sciences) Awakn Life Sciences is an ecosystem for psychedelic-based treatments. *Founded* - Toronto, Canada **$535K** last round Dec 2024
- 34 [**Psyence** Psyence develops natural psilocybin products for the treatment of psychological trauma and mental health disorders](https://millionrounds.com/company/psyence) Psyence develops natural psilocybin products for the treatment of psychological trauma and mental health disorders *Founded* - Toronto, Canada **$438K** last round Jun 2025
- 35 [**Avicanna** Avicanna is a biopharmaceutical company that focuses on the development of the medical cannabis space.](https://millionrounds.com/company/avicanna) Avicanna is a biopharmaceutical company that focuses on the development of the medical cannabis space. *Founded* - Toronto, Canada **$429K** last round Jun 2026
- 36 [**Noa Therapeutics** Noa Therapeutics is a preclinical biotech firm that is leading the way in the development of multimodal treatments.](https://millionrounds.com/company/noa-therapeutics) Noa Therapeutics is a preclinical biotech firm that is leading the way in the development of multimodal treatments. *Founded* 2022 Toronto, Canada **$367K** last round Jul 2024
- 37 [**Enrich Bioscience** Enrich Bioscience has built, is now validating and will soon market an accurate and affordable molecular blood test-kit for early cancer detection.](https://millionrounds.com/company/enrich-bioscience) Enrich Bioscience has built, is now validating and will soon market an accurate and affordable molecular blood test-kit for early cancer detection. *Founded* 2016 Toronto, Canada **$250K** last round Feb 2021
- 38 [**GeneYouIn** GeneYouIn (GYI), a Canadian personalized medicine company, has developed a genome analytics and reporting platform called Pillcheck](https://millionrounds.com/company/geneyouin) GeneYouIn (GYI), a Canadian personalized medicine company, has developed a genome analytics and reporting platform called Pillcheck *Founded* 2012 Toronto, Canada **$150K** last round Jun 2015
- 39 [**Agri-Neo** Agri-Neo is a food safety technology company based in Toronto, Ontario, founded in 2009.](https://millionrounds.com/company/agri-neo) Agri-Neo is a food safety technology company based in Toronto, Ontario, founded in 2009. *Founded* 2009 Toronto, Canada **$119K** last round Sept 2015

**Total funding** how the list is ranked

**15 November 2026** updated nightly

**Rounds we track** source: Millionrounds

Companies whose funding rounds we classed in this sector, ranked by the total they have raised in rounds we hold. Nobody pays to be on a list.

## Who backed them?

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## More biotech lists

[See all](https://millionrounds.com/top-lists?t=Biotech)

[*IL* *NH* *CS* **Biotech startups in Europe** 1,665 companies · $22B](https://millionrounds.com/top-lists/biotech-startups-europe)[*GV* *IL* *RM* **Biotech startups that raised in 2026** 896 companies · $37B in 2026](https://millionrounds.com/top-lists/biotech-startups-raised-2026)[*IL* *CS* *ON* **Biotech startups in the United Kingdom** 588 companies · $15B](https://millionrounds.com/top-lists/biotech-startups-united-kingdom)[*GV* *RM* *M* **Biotech startups in the United States that raised in 2026** 498 companies · $32B in 2026](https://millionrounds.com/top-lists/biotech-startups-united-states-raised-2026)[*NH* *DT* *E* **Biotech startups founded in 2018** 368 companies · $14B](https://millionrounds.com/top-lists/biotech-startups-founded-2018)[*NR* *LL* *ST* **Biotech startups founded in 2020** 337 companies · $7.0B](https://millionrounds.com/top-lists/biotech-startups-founded-2020)[*E* *ET* *NA* **Biotech startups founded in 2019** 336 companies · $11B](https://millionrounds.com/top-lists/biotech-startups-founded-2019)[*IL* *RB* *VS* **Biotech startups founded in 2021** 275 companies · $12B](https://millionrounds.com/top-lists/biotech-startups-founded-2021)

## More lists for Toronto

[See all](https://millionrounds.com/top-lists?r=Toronto)

[*C* *H8* *AP* **Startups in Toronto** 622 companies · $22B](https://millionrounds.com/top-lists/startups-toronto)[*DG* *DC* *B* **Healthcare startups in Toronto** 48 companies · $1.2B](https://millionrounds.com/top-lists/healthcare-startups-toronto)[*ST* *BS* *I* **IT Services startups in Toronto** 47 companies · $387M](https://millionrounds.com/top-lists/it-services-startups-toronto)[*W* *F* *BF* **Financial Services startups in Toronto** 27 companies · $2.2B](https://millionrounds.com/top-lists/financial-services-startups-toronto)[*D* *NG* *C* **Big Data & Analytics startups in Toronto** 24 companies · $179M](https://millionrounds.com/top-lists/big-data-startups-toronto)[*BS* *F* *G* **Software startups in Toronto** 23 companies · $666M](https://millionrounds.com/top-lists/software-startups-toronto)[*GM* *NF* *CM* **Oil & Gas startups in Toronto** 21 companies · $896M](https://millionrounds.com/top-lists/oil-gas-startups-toronto)[*C* *D* *W* **Web3 & Crypto startups in Toronto** 20 companies · $307M](https://millionrounds.com/top-lists/web3-startups-toronto)