# Top 50 Startups in Canada by Funding (2026)

> The 50 best-funded startups in Canada, ranked by total funding raised: $38B combined. With founding year, headquarters and each company's rounds.

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

- 1 [**Cohere** Cohere is a Canadian multinational artificial intelligence company founded in 2019, specializing in foundational large language models (LLMs) and enterprise AI](https://millionrounds.com/company/cohere) Cohere is a Canadian multinational artificial intelligence company founded in 2019, specializing in foundational large language models (LLMs) and enterprise AI *Founded* 2019 Toronto, Canada **$5.6B** last round Oct 2026
- 2 [**Hut 8 Corp.** Hut 8 Corp.](https://millionrounds.com/company/hut-8-corp) Hut 8 Corp. *Founded* - Toronto, Canada **$4.3B** last round Jun 2026
- 3 [**Aypa Power** Aypa Power builds, owns, and manages large-scale renewable energy projects to enhance grid stability and reduce dependency on fossil fuels.](https://millionrounds.com/company/aypa-power) Aypa Power builds, owns, and manages large-scale renewable energy projects to enhance grid stability and reduce dependency on fossil fuels. *Founded* - Toronto, Canada **$2.0B** last round Mar 2026
- 4 [**Clio** Lexicata is now part of the Clio family.](https://millionrounds.com/company/clio) Lexicata is now part of the Clio family. *Founded* 2014 Santa Monica, Canada **$1.7B** last round Nov 2025
- 5 [**Terrion** Terrion creates secure and sustainable communication infrastructure to enable nationwide connectivity and digital growth.](https://millionrounds.com/company/terrion) Terrion creates secure and sustainable communication infrastructure to enable nationwide connectivity and digital growth. *Founded* - Montréal, Canada **$1.3B** last round Sept 2025
- 6 [**Wealthsimple** Wealthsimple for Advisors focuses on providing simple and insightful, technology-enabled solutions to advisors and financial planners.](https://millionrounds.com/company/wealthsimple) Wealthsimple for Advisors focuses on providing simple and insightful, technology-enabled solutions to advisors and financial planners. *Founded* 2014 Toronto, Canada **$1.2B** last round Oct 2026
- 7 [**Picketa Systems** Picketa Systems is a Canadian agtech startup based in Fredericton, New Brunswick, founded in 2020 by four engineering students.](https://millionrounds.com/company/picketa-systems) Picketa Systems is a Canadian agtech startup based in Fredericton, New Brunswick, founded in 2020 by four engineering students. *Founded* 2020 Fredericton, Canada **$1.1B** last round Jun 2026
- 8 [**BlackBerry** BlackBerry helps organizations defend against cyberthreats.](https://millionrounds.com/company/blackberry) BlackBerry helps organizations defend against cyberthreats. *Founded* 2012 Waterloo, Canada **$1.0B** last round Nov 2013
- 9 [**Waabi** Waabi is an artificial intelligence company based in Toronto, Canada, specializing in autonomous self-driving technology for long-haul trucking.](https://millionrounds.com/company/waabi) Waabi is an artificial intelligence company based in Toronto, Canada, specializing in autonomous self-driving technology for long-haul trucking. *Founded* 2021 Toronto, Canada **$1.0B** last round Jan 2026
- 10 [**Nutrien** Nutrien produces and distributes potash, nitrogen, and phosphate products.](https://millionrounds.com/company/nutrien) Nutrien produces and distributes potash, nitrogen, and phosphate products. *Founded* 2018 Saskatoon, Canada **$1.0B** last round May 2026
- 11 [**5C** 5C is a data center that provides AI digital infrastructure, HPC systems, and scalable compute solutions for enterprises.](https://millionrounds.com/company/5c) 5C is a data center that provides AI digital infrastructure, HPC systems, and scalable compute solutions for enterprises. *Founded* 2025 Saint Laurent, Canada **$835M** last round Jul 2025
- 12 [**5C Group**](https://millionrounds.com/company/5c-group) *Founded* - Canada **$835M** last round Jul 2025
- 13 [**Rumble** Rumble is an IT company that provides custom software applications and marketing campaigns.](https://millionrounds.com/company/rumble) Rumble is an IT company that provides custom software applications and marketing campaigns. *Founded* 2013 Canada **$775M** last round Dec 2024
- 14 [**eStruxture** eStruxture provides network and cloud-neutral data center solutions.](https://millionrounds.com/company/estruxture) eStruxture provides network and cloud-neutral data center solutions. *Founded* 2017 Montreal, Canada **$739M** last round Mar 2026
- 15 [**Stormfisher Biogas** StormFisher Biogas is a renewable energy company that builds, owns and operates biogas plants across North America.](https://millionrounds.com/company/stormfisher-biogas) StormFisher Biogas is a renewable energy company that builds, owns and operates biogas plants across North America. *Founded* 2006 Canada **$700M** last round Feb 2008
- 16 [**ADENTRA Group** ADENTRA Group is a distributor of architectural products for building envelopes, interior working, living, and playing environments.](https://millionrounds.com/company/adentra-group) ADENTRA Group is a distributor of architectural products for building envelopes, interior working, living, and playing environments. *Founded* 2012 Langley, Canada **$573M** last round Jan 2025
- 17 [**Green Infrastructure Partners** Green Infrastructure Partners is an infrastructure firm that offers comprehensive infrastructure solutions for public and private projects.](https://millionrounds.com/company/green-infrastructure-partners) Green Infrastructure Partners is an infrastructure firm that offers comprehensive infrastructure solutions for public and private projects. *Founded* 2022 Markham, Canada **$564M** last round Aug 2025
- 18 [**Cordelio Power** Cordelio Power is a power producer that is involved in the development, ownership and management of an array of renewable power facilities.](https://millionrounds.com/company/cordelio-power) Cordelio Power is a power producer that is involved in the development, ownership and management of an array of renewable power facilities. *Founded* 2018 Toronto, Canada **$548M** last round Nov 2025
- 19 [**AbCellera** AbCellera is an antibody discovery and development company that develops antibody therapeutics to improve patient outcomes.](https://millionrounds.com/company/abcellera) AbCellera is an antibody discovery and development company that develops antibody therapeutics to improve patient outcomes. *Founded* 2012 Vancouver, Canada **$526M** last round May 2023
- 20 [**MissFresh** MissFresh is an online food delivery company that delivers pre-portioned ingredients and recipes straight to your doorstep.](https://millionrounds.com/company/miss-fresh) MissFresh is an online food delivery company that delivers pre-portioned ingredients and recipes straight to your doorstep. *Founded* 2014 Canada **$501M** last round Dec 2017
- 21 [**CSV Midstream Solutions** Development of natural gas and liquids infrastructure](https://millionrounds.com/company/csv-midstream-solutions) Development of natural gas and liquids infrastructure *Founded* 2014 Calgary, Canada **$500M** last round May 2014
- 22 [**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
- 23 [**OR Royalties** OR Royalties is an intermediate precious metal royalty company that produces all types of precious metals.](https://millionrounds.com/company/or-royalties) OR Royalties is an intermediate precious metal royalty company that produces all types of precious metals. *Founded* - Montreal, Canada **$474M** last round Jun 2025
- 24 [**Converge Technology Solutions** Converge Technology Solutions is an IT company that offers cybersecurity, AI, advanced analytics, and digital infrastructure services.](https://millionrounds.com/company/converge-technology-solutions) Converge Technology Solutions is an IT company that offers cybersecurity, AI, advanced analytics, and digital infrastructure services. *Founded* 2017 Toronto, Canada **$469M** last round Jul 2022
- 25 [**Centre de Collaboration MiQro Innovation** Centre de Collaboration MiQro Innovation is a semiconductor foundry.](https://millionrounds.com/company/centre-de-collaboration-miqro-innovation) Centre de Collaboration MiQro Innovation is a semiconductor foundry. *Founded* 2010 Bromont, Canada **$469M** last round Dec 2025
- 26 [**Verafin** Verafin offers a fraud and AML detection platform that helps detect, investigate, and report money laundering and financial fraud.](https://millionrounds.com/company/verafin) Verafin offers a fraud and AML detection platform that helps detect, investigate, and report money laundering and financial fraud. *Founded* 2003 St. John's, Canada **$454M** last round Sept 2019
- 27 [**Versamet Royalties** Versamet Royalties is a gold-copper royalty and streaming company that provides investment for sustainable mining of resources.](https://millionrounds.com/company/versamet-royalties) Versamet Royalties is a gold-copper royalty and streaming company that provides investment for sustainable mining of resources. *Founded* - Vancouver, Canada **$440M** last round Mar 2026
- 28 [**ApplyBoard** ApplyBoard is a Canadian educational technology company based in Kitchener, Ontario.](https://millionrounds.com/company/applyboard) ApplyBoard is a Canadian educational technology company based in Kitchener, Ontario. *Founded* 2015 Kitchener, Canada **$432M** last round Sept 2024
- 29 [**Flexiti** Flexiti is a Canadian fintech company.](https://millionrounds.com/company/flexiti) Flexiti is a Canadian fintech company. *Founded* 2013 Toronto, Canada **$414M** last round Dec 2021
- 30 [**Trulioo** Trulioo is a global identity and risk intelligence platform based in Vancouver, British Columbia.](https://millionrounds.com/company/trulioo) Trulioo is a global identity and risk intelligence platform based in Vancouver, British Columbia. *Founded* 2011 Vancouver, Canada **$402M** last round Jun 2021
- 31 [**Enerkem** Enerkem is a cleantech company transforming waste into transportation biofuels, renewable chemicals, and everyday products.](https://millionrounds.com/company/enerkem) Enerkem is a cleantech company transforming waste into transportation biofuels, renewable chemicals, and everyday products. *Founded* 2000 Montreal, Canada **$396M** last round Sept 2015
- 32 [**Hostaway** Hostaway offers vacation rental management software solutions to property managers and online travel agencies.](https://millionrounds.com/company/hostaway) Hostaway offers vacation rental management software solutions to property managers and online travel agencies. *Founded* 2015 Helsinki, Canada **$367M** last round Dec 2024
- 33 [**Brim Financial** Brim Financial is a provider of a credit card infrastructure and digital platform used in users' payment experience.](https://millionrounds.com/company/brim-financial) Brim Financial is a provider of a credit card infrastructure and digital platform used in users' payment experience. *Founded* 2015 Toronto, Canada **$363M** last round Dec 2025
- 34 [**Antimatter** Antimatter is a data security company that provides cryptographic infrastructure services to B2B SaaS companies.](https://millionrounds.com/company/antimatter) Antimatter is a data security company that provides cryptographic infrastructure services to B2B SaaS companies. *Founded* 2021 Ottawa, Canada **$363M** last round May 2026
- 35 [**Xanadu**](https://millionrounds.com/company/xanadu) *Founded* - Canada **$341M** last round May 2026
- 36 [**Hootsuite** Hootsuite develops a platform for managing social media programs across multiple social networks.](https://millionrounds.com/company/hootsuite) Hootsuite develops a platform for managing social media programs across multiple social networks. *Founded* 2008 Vancouver, Canada **$335M** last round Mar 2018
- 37 [**Hammerhead Resources** Hammerhead Resources is a growth-oriented private company with its corporate headquarters in Calgary, Alberta.](https://millionrounds.com/company/hammerhead-resources) Hammerhead Resources is a growth-oriented private company with its corporate headquarters in Calgary, Alberta. *Founded* 2010 Calgary, Canada **$328M** last round Oct 2023
- 38 [**Artemis Gold** Artemis Gold is an adequately capitalized, growth-oriented gold development company that create identity value for shareholders.](https://millionrounds.com/company/artemis-gold) Artemis Gold is an adequately capitalized, growth-oriented gold development company that create identity value for shareholders. *Founded* 2019 Vancouver, Canada **$328M** last round Jan 2026
- 39 [**Saguaro Resources** Saguaro Resources focuses on the exploration, acquisition, and development of tight oil and liquid rich gas fairways.](https://millionrounds.com/company/saguaro-resources) Saguaro Resources focuses on the exploration, acquisition, and development of tight oil and liquid rich gas fairways. *Founded* 2012 Calgary, Canada **$315M** last round Sept 2013
- 40 [**Generation Mining** Generation Mining is a mineral development company that focuses on zinc and molybdenum projects in Canada.](https://millionrounds.com/company/generation-mining) Generation Mining is a mineral development company that focuses on zinc and molybdenum projects in Canada. *Founded* 2018 Toronto, Canada **$311M** last round Jun 2026
- 41 [**Lumine Group** Lumine Group is a global acquirer and builder of communications and media software companies with a long-term buy-and-hold approach.](https://millionrounds.com/company/lumine-group) Lumine Group is a global acquirer and builder of communications and media software companies with a long-term buy-and-hold approach. *Founded* 2020 Mississauga, Canada **$310M** last round Mar 2024
- 42 [**Nouveau Monde Graphite** Nouveau Monde is developing its operations with the highest environmental standards.](https://millionrounds.com/company/nouveau-monde-graphite) Nouveau Monde is developing its operations with the highest environmental standards. *Founded* 2012 Montréal, Canada **$310M** last round Apr 2026
- 43 [**Nesto** Nesto Inc.](https://millionrounds.com/company/nesto) Nesto Inc. *Founded* 2018 Montreal, Canada **$302M** last round Jun 2026
- 44 [**Triple Flag Precious Metals** Triple Flag operates as a streaming and royalty company that provides financing solutions to the mining industry.](https://millionrounds.com/company/triple-flag-precious-metals) Triple Flag operates as a streaming and royalty company that provides financing solutions to the mining industry. *Founded* 2016 Toronto, Canada **$300M** last round May 2026
- 45 [**Endeavour Silver**](https://millionrounds.com/company/endeavour-silver) *Founded* - Canada **$300M** last round Dec 2025
- 46 [**Blue J** Blue J is a Toronto-based enterprise software company founded in 2015, specializing in generative AI-powered tax research.](https://millionrounds.com/company/blue-j) Blue J is a Toronto-based enterprise software company founded in 2015, specializing in generative AI-powered tax research. *Founded* 2015 Toronto, Canada **$298M** last round Nov 2026
- 47 [**telMAX** telMAX designs and builds telecommunications platforms for fiber internet, TV, and phone services.](https://millionrounds.com/company/telmax) telMAX designs and builds telecommunications platforms for fiber internet, TV, and phone services. *Founded* 2017 Markham, Canada **$294M** last round Sept 2026
- 48 [**Lightspeed POS**](https://millionrounds.com/company/lightspeed-pos) *Founded* - Canada **$292M** last round Oct 2017
- 49 [**TRIUMF** Canada’s national laboratory for particle and nuclear physics and accelerator-based science.](https://millionrounds.com/company/triumf) Canada’s national laboratory for particle and nuclear physics and accelerator-based science. *Founded* 1970 Vancouver, Canada **$290M** last round Apr 2024
- 50 [**Wellington-Altus Financial** Wellington-Altus Financial is a financial services wealth management company located in Winnipeg.](https://millionrounds.com/company/wellington-altus-financial) Wellington-Altus Financial is a financial services wealth management company located in Winnipeg. *Founded* 2010 Winnipeg, Canada **$285M** last round Oct 2025

**Total funding** how the list is ranked

**15 November 2026** updated nightly

**Rounds we track** source: Millionrounds

Every startup we hold in Canada, ranked by the total it has 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 startups in Canada 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 startup lists

[See all](https://millionrounds.com/top-lists?t=All%20startups)

[*O* *A* *X* **Startups in the United States** 42,176 companies · $870B](https://millionrounds.com/top-lists/startups-united-states)[*SC* *N* *F* **Startups in the United Kingdom** 8,355 companies · $79B](https://millionrounds.com/top-lists/startups-united-kingdom)[*O* *D* *TM* **Startups in San Francisco** 4,251 companies · $350B](https://millionrounds.com/top-lists/startups-san-francisco)[*W* *K* *P* **Startups in New York** 3,729 companies · $67B](https://millionrounds.com/top-lists/startups-new-york)[*F* *IL* *PD* **Startups in London** 3,521 companies · $51B](https://millionrounds.com/top-lists/startups-london)[*MA* *M* *TE* **Startups in France** 3,025 companies · $32B](https://millionrounds.com/top-lists/startups-france)[*B* *D* *AF* **Startups in China** 2,168 companies · $163B](https://millionrounds.com/top-lists/startups-china)[*T* *AN* *F* **Startups in India** 2,116 companies · $60B](https://millionrounds.com/top-lists/startups-india)

## More lists for Canada

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

[*A* *T* *AP* **Health startups in Canada** 386 companies · $5.7B](https://millionrounds.com/top-lists/health-startups-canada)[*C* *H8* *C* **AI startups in Canada** 285 companies · $20B](https://millionrounds.com/top-lists/ai-startups-canada)[*LG* *P* *H* **IT Services startups in Canada** 232 companies · $2.0B](https://millionrounds.com/top-lists/it-services-startups-canada)[*A* *T* *RT* **Biotech startups in Canada** 210 companies · $4.9B](https://millionrounds.com/top-lists/biotech-startups-canada)[*A* *RT* *T* **Healthcare startups in Canada** 195 companies · $3.7B](https://millionrounds.com/top-lists/healthcare-startups-canada)[*E* *GF* *EF* **Climate tech startups in Canada** 126 companies · $2.8B](https://millionrounds.com/top-lists/climate-tech-startups-canada)[*5G* *T* *P* **Big Data & Analytics startups in Canada** 116 companies · $3.0B](https://millionrounds.com/top-lists/big-data-startups-canada)[*AP* *CP* *CM* **Energy startups in Canada** 103 companies · $6.1B](https://millionrounds.com/top-lists/energy-startups-canada)