# Top 50 Startups in Toronto by Funding (2026)

> The 50 best-funded startups in Toronto, ranked by total funding raised: $22B combined. With founding year, headquarters and each company's rounds.

Source: https://millionrounds.com/top-lists/startups-toronto (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 [**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
- 5 [**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
- 6 [**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
- 7 [**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
- 8 [**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
- 9 [**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
- 10 [**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
- 11 [**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
- 12 [**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
- 13 [**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
- 14 [**Discovery Silver** Discovery Silver mainly engages in developing silver deposits.](https://millionrounds.com/company/discovery-silver) Discovery Silver mainly engages in developing silver deposits. *Founded* 2017 Toronto, Canada **$250M** last round Sept 2025
- 15 [**Peakhill Capital** Peakhill is a commercial real estate firm that provides commercial mortgages and financing services.](https://millionrounds.com/company/peakhill-capital) Peakhill is a commercial real estate firm that provides commercial mortgages and financing services. *Founded* 2019 Toronto, Canada **$248M** last round Jul 2026
- 16 [**StackAdapt** StackAdapt is a multi-channel programmatic advertising platform, offering native, display, video, CTV and audio ad buying.](https://millionrounds.com/company/stackadapt) StackAdapt is a multi-channel programmatic advertising platform, offering native, display, video, CTV and audio ad buying. *Founded* 2014 Toronto, Canada **$236M** last round Feb 2025
- 17 [**Clearco** Clearco is an online financial platform that provides growth capital to e-commerce and B2B companies.](https://millionrounds.com/company/clearco) Clearco is an online financial platform that provides growth capital to e-commerce and B2B companies. *Founded* 2015 Toronto, Canada **$200M** last round Aug 2026
- 18 [**1Password** 1Password is a leader in cybersecurity and password management, founded in 2005 by Dave Teare and Roustem Karimov.](https://millionrounds.com/company/1password) 1Password is a leader in cybersecurity and password management, founded in 2005 by Dave Teare and Roustem Karimov. *Founded* 2005 Toronto, Canada **$200M** last round Nov 2019
- 19 [**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
- 20 [**theScore** theScore creates mobile-first sports experiences through real-time news, scores, fantasy information, and alerts.](https://millionrounds.com/company/thescore) theScore creates mobile-first sports experiences through real-time news, scores, fantasy information, and alerts. *Founded* 2012 Toronto, Canada **$186M** last round Mar 2021
- 21 [**QuickPlay Media** QuickPlay Media is a cloud-based platform providing managed services for the distribution of multi-screen video to IP-connected devices.](https://millionrounds.com/company/quickplay-media) QuickPlay Media is a cloud-based platform providing managed services for the distribution of multi-screen video to IP-connected devices. *Founded* 2003 Toronto, Canada **$184M** last round Mar 2015
- 22 [**Float Financial** Float offers a corporate card and spend management solution that allows corporate cards, reimbursements, approvals, and invoices management.](https://millionrounds.com/company/float-financial) Float offers a corporate card and spend management solution that allows corporate cards, reimbursements, approvals, and invoices management. *Founded* 2019 Toronto, Canada **$183M** last round Jun 2026
- 23 [**Dental Corp** TargetScore surfaces company intelligence and contact data for sales development processes.](https://millionrounds.com/company/dental-corp) TargetScore surfaces company intelligence and contact data for sales development processes. *Founded* 2011 Toronto, Canada **$171M** last round Nov 2024
- 24 [**Taalas** Taalas is creating a platform for quickly turning any AI model into custom silicon.](https://millionrounds.com/company/taalas) Taalas is creating a platform for quickly turning any AI model into custom silicon. *Founded* 2023 Toronto, Canada **$169M** last round Feb 2026
- 25 [**Tailscale** Tailscale is a technology company founded in 2019 by former Google engineers, including CEO Avery Pennarun.](https://millionrounds.com/company/tailscale) Tailscale is a technology company founded in 2019 by former Google engineers, including CEO Avery Pennarun. *Founded* 2019 Toronto, Canada **$161M** last round Apr 2025
- 26 [**Untether AI** Untether AI develops AI chips to enable new frontiers in AI applications.](https://millionrounds.com/company/untether-ai) Untether AI develops AI chips to enable new frontiers in AI applications. *Founded* 2018 Toronto, Canada **$158M** last round Jul 2021
- 27 [**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
- 28 [**Top Hat** Top Hat is a private educational technology company based in Toronto, Ontario, founded in 2009.](https://millionrounds.com/company/top-hat) Top Hat is a private educational technology company based in Toronto, Ontario, founded in 2009. *Founded* 2009 Toronto, Canada **$151M** last round Apr 2019
- 29 [**RIV Capital** RIV Capital is a venture capital firm specializing in cannabis.](https://millionrounds.com/company/riv-capital) RIV Capital is a venture capital firm specializing in cannabis. *Founded* - Toronto, Canada **$150M** last round Aug 2021
- 30 [**Cyclic Materials** Cyclic Materials is a cleantech company based in Kingston, Ontario, Canada, with a significant presence in Toronto.](https://millionrounds.com/company/cyclic-materials) Cyclic Materials is a cleantech company based in Kingston, Ontario, Canada, with a significant presence in Toronto. *Founded* 2021 Toronto, Canada **$150M** last round Aug 2026
- 31 [**ecobee** Ecobee is a provider of Wi-Fi enabled smart thermostats for residential and commercial applications.](https://millionrounds.com/company/ecobee) Ecobee is a provider of Wi-Fi enabled smart thermostats for residential and commercial applications. *Founded* 2007 Toronto, Canada **$148M** last round May 2018
- 32 [**New Found Gold Corp.** New Found Gold Corp.](https://millionrounds.com/company/new-found-gold-corp) New Found Gold Corp. *Founded* 2015 Toronto, Canada **$134M** last round Apr 2026
- 33 [**Cadillac Mines** Cadillac Mines is a privately held Canadian mining firm run by a diversified and experienced team of specialists.](https://millionrounds.com/company/cadillac-mines) Cadillac Mines is a privately held Canadian mining firm run by a diversified and experienced team of specialists. *Founded* - Toronto, Canada **$130M** last round Jul 2026
- 34 [**Prodigy Education** Prodigy Education is a Canadian educational technology company founded in 2011, focusing on game-based learning to foster a love for math and English among students.](https://millionrounds.com/company/prodigy-education) Prodigy Education is a Canadian educational technology company founded in 2011, focusing on game-based learning to foster a love for math and English among students. *Founded* 2011 Toronto, Canada **$125M** last round Jan 2021
- 35 [**Wattpad** "Salticid" Scifi Short Story on Wattpad in 3 parts.](https://millionrounds.com/company/wattpad) "Salticid" Scifi Short Story on Wattpad in 3 parts. *Founded* 2006 Toronto, Canada **$118M** last round Jan 2018
- 36 [**Kepler Communications** Kepler Communications is a satellite communications company.](https://millionrounds.com/company/kepler-communications) Kepler Communications is a satellite communications company. *Founded* 2015 Toronto, Canada **$108M** last round Apr 2023
- 37 [**SiriusXM Canada** SiriusXM Canada is a Canadian radio channel broadcasting satellite radio channels featuring premier sports, news, entertainment, and more.](https://millionrounds.com/company/siriusxm-canada) SiriusXM Canada is a Canadian radio channel broadcasting satellite radio channels featuring premier sports, news, entertainment, and more. *Founded* 2005 Toronto, Canada **$105M** last round May 2013
- 38 [**Amity** Amity is a technology company based in Toronto, specializing in Customer Success Software delivered as a cloud-native SaaS platform.](https://millionrounds.com/company/amity) Amity is a technology company based in Toronto, specializing in Customer Success Software delivered as a cloud-native SaaS platform. *Founded* 2012 Toronto, Canada **$100M** last round Nov 2026
- 39 [**Ionik** Ionik is a performance marketing technology company providing integrated advertising solutions.](https://millionrounds.com/company/ionik) Ionik is a performance marketing technology company providing integrated advertising solutions. *Founded* - Toronto, Canada **$100M** last round Jun 2026
- 40 [**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
- 41 [**Coinsquare** Coinsquare is Canada’s trusted platform to buy, sell, & trade Bitcoin, Ethereum, & more, access real-time crypto trading on Canada’s leading cryptocurrency exchange.](https://millionrounds.com/company/coinsquare) Coinsquare is Canada’s trusted platform to buy, sell, & trade Bitcoin, Ethereum, & more, access real-time crypto trading on Canada’s leading cryptocurrency exchange. *Founded* - Toronto, Canada **$95M** last round Feb 2021
- 42 [**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
- 43 [**Kinterra Capital** Kinterra Capital is a private equity firm focused on investing in the critical metals required to advance the energy transition.](https://millionrounds.com/company/kinterra-capital) Kinterra Capital is a private equity firm focused on investing in the critical metals required to advance the energy transition. *Founded* - Toronto, Canada **$80M** last round Sept 2025
- 44 [**Ideogram** Ideogram is an artificial intelligence company based in Toronto, Ontario, specializing in generative media, particularly text-to-image models.](https://millionrounds.com/company/ideogram) Ideogram is an artificial intelligence company based in Toronto, Ontario, specializing in generative media, particularly text-to-image models. *Founded* 2022 Toronto, Canada **$80M** last round Feb 2024
- 45 [**Kobo** Kobo offers an open platform for e-reading.](https://millionrounds.com/company/kobo) Kobo offers an open platform for e-reading. *Founded* 2009 Toronto, Canada **$79M** last round Mar 2011
- 46 [**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
- 47 [**SecureKey Technologies** SecureKey is the identity and authentication service provider that gives consumers secure and convenient access to critical online services.](https://millionrounds.com/company/securekey-technologies) SecureKey is the identity and authentication service provider that gives consumers secure and convenient access to critical online services. *Founded* 2008 Toronto, Canada **$76M** last round Feb 2015
- 48 [**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
- 49 [**Clifton Blake** Clifton Blake Boutique Toronto-based private equity real estate asset manager.](https://millionrounds.com/company/clifton-blake) Clifton Blake Boutique Toronto-based private equity real estate asset manager. *Founded* 2013 Toronto, Canada **$73M** last round Aug 2025
- 50 [**Lendified** Lendified is a leading online lender based in Toronto, Canada, specializing in providing fast and affordable capital to small businesses.](https://millionrounds.com/company/lendified) Lendified is a leading online lender based in Toronto, Canada, specializing in providing fast and affordable capital to small businesses. *Founded* 2015 Toronto, Canada **$71M** last round Apr 2019

**Total funding** how the list is ranked

**15 November 2026** updated nightly

**Rounds we track** source: Millionrounds

Every startup we hold in Toronto, 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 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 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)[*C* *H8* *AP* **Startups in Canada** 2,950 companies · $38B](https://millionrounds.com/top-lists/startups-canada)[*B* *D* *AF* **Startups in China** 2,168 companies · $163B](https://millionrounds.com/top-lists/startups-china)

## More lists for Toronto

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