# Top 23 Software Startups in Toronto by Funding (2026)

> The 23 best-funded software startups in Toronto, ranked by total funding raised: $666M combined. With founding year, headquarters and each company's rounds.

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

- 1 [**Beacon Software** Beacon acquires and grows essential businesses.](https://millionrounds.com/company/beacon-software) Beacon acquires and grows essential businesses. *Founded* - Toronto, Canada **$475M** last round Jun 2026
- 2 [**FreshBooks** FreshBooks is a software company that provides cloud-based accounting software for small and medium-sized businesses.](https://millionrounds.com/company/freshbooks) FreshBooks is a software company that provides cloud-based accounting software for small and medium-sized businesses. *Founded* 2003 Toronto, Canada **$73M** last round Jul 2016
- 3 [**GrowForce** GrowForce offers operations, proprietary software and training and project financing services for the cannabis industry.](https://millionrounds.com/company/growforce) GrowForce offers operations, proprietary software and training and project financing services for the cannabis industry. *Founded* 2018 Toronto, Canada **$29M** last round Aug 2018
- 4 [**BlueCat** BlueCat provides core services and solutions that help our customers and their teams deliver change-ready networks.](https://millionrounds.com/company/bluecat) BlueCat provides core services and solutions that help our customers and their teams deliver change-ready networks. *Founded* - Toronto, Canada **$28M** last round Jul 2011
- 5 [**Yolando** Yolando is a cloud-based SaaS platform launched in 2025, developed by the team behind BirdseyePost.](https://millionrounds.com/company/yolando) Yolando is a cloud-based SaaS platform launched in 2025, developed by the team behind BirdseyePost. *Founded* - Toronto, Canada **$8.5M** last round Jan 2026
- 6 [**UXP Systems** UXP Systems is the industry leader in User Lifecycle Management (ULM).](https://millionrounds.com/company/uxp-systems) UXP Systems is the industry leader in User Lifecycle Management (ULM). *Founded* 2011 Toronto, Canada **$8.0M** last round Apr 2015
- 7 [**Northcore Technologies** Northcore Technologies is a software company developing and commercializing asset life cycle management solutions.](https://millionrounds.com/company/northcore-technologies) Northcore Technologies is a software company developing and commercializing asset life cycle management solutions. *Founded* 1995 Toronto, Canada **$6.0M** last round Jun 2010
- 8 [**TripStack** TripStack is a b2b travel technology company that provides direct flights and the missing itineraries in one search.](https://millionrounds.com/company/tripstack) TripStack is a b2b travel technology company that provides direct flights and the missing itineraries in one search. *Founded* 2016 Toronto, Canada **$6.0M** last round Jun 2018
- 9 [**Intellitix** Intellitix is a global provider of RFID-powered event technology solutions, enhancing live events through a unified platform that integrates cashless payments,](https://millionrounds.com/company/intellitix) Intellitix is a global provider of RFID-powered event technology solutions, enhancing live events through a unified platform that integrates cashless payments, *Founded* 2010 Toronto, Canada **$6.0M** last round Nov 2011
- 10 [**Reactiv** Reactiv is an automated mobile app creation platform for companies and developers.](https://millionrounds.com/company/reactiv) Reactiv is an automated mobile app creation platform for companies and developers. *Founded* 2023 Toronto, Canada **$5.0M** last round Oct 2024
- 11 [**Firmex** Firmex is a global provider of virtual data rooms where more deals, diligence, and compliance gets done.](https://millionrounds.com/company/firmex) Firmex is a global provider of virtual data rooms where more deals, diligence, and compliance gets done. *Founded* 2006 Toronto, Canada **$4.5M** last round May 2008
- 12 [**Modem** Modem is an AI-powered auto-triage product manager platform that enhances team communication by transforming conversations from various sources like Slack, Disc](https://millionrounds.com/company/modem) Modem is an AI-powered auto-triage product manager platform that enhances team communication by transforming conversations from various sources like Slack, Disc *Founded* - Toronto, Canada **$4.4M** last round Feb 2026
- 13 [**GroupBy Inc.** Founded in 2013, GroupBy is an eCommerce Search and Product Discovery SaaS technology provider that powers some of the largest B2B and B2C brands.](https://millionrounds.com/company/groupby-inc) Founded in 2013, GroupBy is an eCommerce Search and Product Discovery SaaS technology provider that powers some of the largest B2B and B2C brands. *Founded* 2013 Toronto, Canada **$3.3M** last round Jul 2015
- 14 [**Part3** Part3 is a Toronto-based construction technology startup founded in 2020.](https://millionrounds.com/company/part3) Part3 is a Toronto-based construction technology startup founded in 2020. *Founded* 2020 Toronto, Canada **$2.1M** last round Jul 2023
- 15 [**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
- 16 [**Metafold 3D** Metafold 3D is a Toronto-based B2B SaaS startup founded in 2020.](https://millionrounds.com/company/metafold-3d) Metafold 3D is a Toronto-based B2B SaaS startup founded in 2020. *Founded* 2020 Toronto, Canada **$1.8M** last round Jul 2023
- 17 [**Carbonhound** Carbonhound is a Toronto-based carbon management software platform founded in 2021.](https://millionrounds.com/company/carbonhound) Carbonhound is a Toronto-based carbon management software platform founded in 2021. *Founded* 2021 Toronto, Canada **$972K** last round May 2023
- 18 [**Tourism Technology Co.** Tourism Technology Co.](https://millionrounds.com/company/tourism-technology-co) Tourism Technology Co. *Founded* 2021 Toronto, Canada **$715K** last round Jun 2023
- 19 [**Keyhole.co** Keyhole.co provides real-time social conversation tracking for Twitter, Facebook, and Instagram.](https://millionrounds.com/company/keyhole-co) Keyhole.co provides real-time social conversation tracking for Twitter, Facebook, and Instagram. *Founded* 2009 Toronto, Canada **$500K** last round Jul 2010
- 20 [**Verdict MMA** Verdict MMA is a fan engagement platform focused on Mixed Martial Arts (MMA).](https://millionrounds.com/company/verdict-mma) Verdict MMA is a fan engagement platform focused on Mixed Martial Arts (MMA). *Founded* 2016 Toronto, Canada **$500K** last round Jul 2021
- 21 [**RIWI** RIWI stands for "real-time interactive world-wide intelligence".](https://millionrounds.com/company/riwi) RIWI stands for "real-time interactive world-wide intelligence". *Founded* 2016 Toronto, Canada **$213K** last round Dec 2012
- 22 [**Hurrier** Hurrier brings local retailers online and provides a platform to deliver goods on-demand.](https://millionrounds.com/company/hurrier) Hurrier brings local retailers online and provides a platform to deliver goods on-demand. *Founded* 2013 Toronto, Canada **$192K** last round Jun 2014
- 23 [**GooseChase** Inspired by scavenger hunts, Goosechase is an online platform that helps you create interactive experiences.](https://millionrounds.com/company/goosechase) Inspired by scavenger hunts, Goosechase is an online platform that helps you create interactive experiences. *Founded* 2011 Toronto, Canada **$40K** last round Dec 2011

**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?

Open any company for its rounds and investors, or search the investors who back software startups in Toronto in the app, with filters, lists and exports.

[Find their investors](https://millionrounds.com/login?join=1&next=/app/investors)[All top lists](https://millionrounds.com/top-lists)

## More software lists

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

[*D* *P* *A* **Software startups in the United States** 1,638 companies · $77B](https://millionrounds.com/top-lists/software-startups-united-states)[*P* *C* *D* **Software startups that raised in 2026** 300 companies · $36B in 2026](https://millionrounds.com/top-lists/software-startups-raised-2026)[*W* *RS* *P* **Software startups in the United Kingdom** 215 companies · $6.9B](https://millionrounds.com/top-lists/software-startups-united-kingdom)[*D* *A* *C* **Software startups in San Francisco** 189 companies · $48B](https://millionrounds.com/top-lists/software-startups-san-francisco)[*P* *C* *D* **Software startups in the United States that raised in 2026** 138 companies · $30B in 2026](https://millionrounds.com/top-lists/software-startups-united-states-raised-2026)[*VD* *D* *JH* **Software startups in New York** 123 companies · $6.7B](https://millionrounds.com/top-lists/software-startups-new-york)[*CS* *HA* *Q* **Software startups in France** 116 companies · $989M](https://millionrounds.com/top-lists/software-startups-france)[*C* *B* *BS* **Software startups in Canada** 101 companies · $4.5B](https://millionrounds.com/top-lists/software-startups-canada)

## 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)[*DG* *B* *B* **Biotech startups in Toronto** 39 companies · $1.1B](https://millionrounds.com/top-lists/biotech-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)[*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)