Top Startups / January 13, 2022
Asaf Fybish

Asaf is an investor and startup growth advisor. He specializes in organic marketing and he's our Chief of Stash

Top Canadian Startups To Watch in 2022

Canada may have a small population but that does not mean that the country has a poor startup ecosystem. In fact, the Canadian ecosystem frequently creates an array of top startups. Top Canadian startups are created through the entrepreneurial spirit in the country, mixed with the readily available access to capital that is enjoyed by business owners in the area.

Startup funding in the country exploded during 2021, beating out the previous record year in style. In total, by the end of the third quarter of 2021, startup funding in the country managed to reach a level of $11.8 Billion, which is a massive improvement from the figures of the previous year.


1. Xandar Kardian

Year Founded: 2017

HQ: Toronto, Canada

Size: 11-50

Founders: Sam Yang, Sung Ho Cho'

Xandar Kardian is a Canadian startup that was founded in 2017 and is currently based in Toronto, Canada. The company provides presence detection and foot traffic monitoring solutions for smart buildings. This is achieved through taking measurements of occupants micro-vibrations from the body, which allows for better accuracy, even without the use of traditional cameras.

Since the business was founded in 2017, it has already secured an impressive amount of startup funding. Across three separate rounds of funding, the company has successfully pitched to three investors. These investors have led to the company raising a total of $13.7 Million in startup funding.

2. Securicy

Year Founded: 2017

HQ: Sydney, Canada

Size: 11-50

Founders: Darren Gallop, Laird Wilton

Securicy is a startup in Canada that was founded in 2017 and is currently based in Sydney, Canada. The company provides solutions that allow for small businesses to effectively and safely comply with various data protection laws. This makes it easier for companies to operate without running the risk of fines, or other actions from regulatory bodies when processing data.

Securicy has already managed to attract investors to its cause, with the startup receiving funding from nine investors across five rounds of funding. These funding rounds have amounted to the company receiving a total of $6 Million in investment.

3. Fellow

Year Founded: 2017

HQ: Ottawa, Canada

Size: 51-100

Founders: Amin Mirzaee, Aydin Mirzaee, Samuel Cormier-Iijima

Fellow is a Canadian startup that was founded in 2017 and is currently based in Ottawa, Canada. The company has designed and built an app that helps businesses to improve their meeting management. This makes it easier to have internal meetings like appraisals, 1-1s and management meetings, which helps to improve overall organizational efficiency.

Fellow is another example of a Canadian startup that has done really well in securing funding. The company has gone through three separate rounds of funding and from these rounds, the company has attracted the attention of nine investors. From these investors, Fellow has managed to successfully raise $30.5 Million in funding.

4. Gadget

Year Founded: 2020

HQ: Ottawa, Canada

Size: 11-50

Founders: Harry Brundage, Mohammad Hashemi

Gadget is a startup in Canada that was founded in 2020 and is currently based in the city of Ottawa. The company provides a developer support platform that allows businesses to more rapidly develop applications. They handle the long-winded and busy work, which gives their clients more time to code the business logic.

Gadget has gone through a single round of funding since it was founded in 2020 and this funding round led to a total of five investors putting their money behind the business and its model. This funding round led to the team successfully raising a figure of $8.5 Million in startup funding.

5. Secoda

Year Founded: 2020

HQ: Toronto, Canada

Size: 1-10

Founders: Andrew McEwen, Etai Mizrahi

Secoda is a Canadian startup that was founded in 2020 and is currently based in Toronto, Canada. The company provides a collaboration platform that helps data teams to rapidly and effectively share things like metadata, questions, data charts and documentation, which increases overall efficiency in these teams. This is critical as data management becomes more intensive.

Since Secoda was founded, it has already gone through two successful rounds of funding, with both of these rounds coming in late 2021. These funding rounds had seven investors taking part and this ultimately led to the company successfully raising a figure of $2.3 Million in startup funding.

6. Snappy

Year Founded: 2016

HQ: Toronto, Canada

Size: 11-50

Founders: Frank Chen, Ricky Wang

Snappy is a startup in Canada that was founded in 2016 and is currently based in Toronto, Canada. The business is responsible for creating technology to assist in the management of restaurants. This includes ordering and fulfilment features, mobile app and website development, analytics tools and much more. This helps owners to make their restaurants more profitable.

Since Snappy was founded, it has managed to successfully undergo two rounds of startup funding. Across these two rounds, the company has seen investment from two different sources. At the end of these rounds, Snappy had successfully raised $2.6 Million CA

7. Codex

Year Founded: 2021

HQ: Toronto, Canada

Size: 1-10

Founders: Brandon Waselnuk, Karl Clement, Saumil Patel

Codex is a Canadian startup that was founded in 2021 and is currently based in Toronto, Canada. The company provides development tools to provide just-in-time documentation, which allows for deep collaboration. Improved collaboration ultimately improves efficiency, which has a positive impact on the bottom line.

Codex has done very well in securing funding for growth and development. This is evidenced through the three funding rounds that the company has undergone, with a total of five investors putting their money behind the company. This has allowed Codex to raise a total of $4.5 Million in startup funding.

8. Shakepay

Year Founded: 2015

HQ: Montreal, Canada

Size: 51-100

Founders: Jean Amiouny, Roy Breidi

Skakepay is a Canadian startup that was founded in 2015 and is currently based in Montreal, Canada. The company provides a fintech app that allows its users to buy and sell Bitcoin in an easy and rapid manner. It also gives users the ability to pay and take payments from their friends.

Shakepay has been very active in attempting to secure funding and this has been met with success. Across five rounds of funding, the business has managed to attract the attention of three investors. These investors have elected to part with a collective total of $20.8 Million to fund the company's future.

9. Nomic

Year Founded: 2017

HQ: Montreal, Canada

Size: 1-10

Founders: Arya Tavakoli, David Juncker, Jeff Munzar, Milad Dagher

Nomic is a startup in Canada that was founded in 2017 and is currently based in Montreal, Canada. The company has designed and built a platform that allows for the understanding, detection and treatment of various diseases through the use of DNA-specific nanotechnology. This also allows developers and designers behind the technology to further improve their work.

Nomic has been quite active in securing startup funding in the time that it has been trading. The company has gone through five separate rounds of funding, with a total of thirteen investors taking part. From these investors, the business has managed to raise an impressive figure of $18 Million.

10. Green Mountain

Year Founded: 2017

HQ: Okanagan, Canada

Size: 11-50

Founders: David Coolidge, Salil Dhaumya, Wade Attwood

Green Mountain is a Canadian startup that was founded in 2017 and is currently based in Okanagan, Canada. The company operates in the cannabis industry and aims to use its advanced methods to create more effective cannabis-based medical products, and they even have a remote platform that allows customers to discuss their options with an expert so that they can learn more about what they need.

Since Green Mountain was founded, it has undergone four rounds of startup funding. During these funding rounds, two investors have decided to take part and put their money behind the business. This has ultimately resulted in the team behind Green Mountain raising a figure of $3.6 Million to develop the business further.

11. Bidmii

Year Founded: 2020

HQ: Toronto, Canada

Size: 11-50

Founders: Jon Christensen, Phillip Stack

Bidmii is a Canadian startup that was founded in 2020 and is currently based in Toronto, Canada. The company provides a software-based community whereby homeowners can easily connect with trusted and professional contractors that can go about completing their home projects. This provides better security for users and provides more opportunities for the contractors themselves.

Since the company was founded not so long ago, it has already gone through a startup funding round. During this round of funding, Bidmii saw investment from a total of eight investors. This ended up with the company raising a figure of $1 Million, which is impressive for a pre-seed round.

12. Sonic Incytes

Year Founded: 2016

HQ: Vancouver, Canada

Size: 1-10

Founders: Robert Rohling, Tim Salcudean

Sonic Incytes is a startup in Canada that was founded in 2016 and is currently based in Vancouver, Canada. The company creates medical devices and currently makes advanced ultrasound technology for diagnosing patients and informing guidance for any required treatment that the patient may need. This is specifically tailored to the liver health of the patients.

Since being founded, the startup has done very well in securing outside funding. So far, Sonic Incytes has gone through five separate rounds of funding. From these funding rounds, the company has attracted the attention of eighteen investors, which allowed the company to raise a figure of $10.6 Million.

13. Riparide

Year Founded:  2016

HQ: Victoria, Canada

Size: 11-50

Founders: Marlon Law

Riparide is a Canadian startup that was founded in 2016 and is currently based in Victoria, Canada. The company helps people to plan and book soul-satisfying getaways, with the current main focus being on trips away to Australia. Available on the platform are a variety of reasonably-priced, yet beautiful venues to relax and escape.

The company has had some recent success in securing startup funding, as a result of a Seed Round in November 2021. This round of funding led to two investors putting their money behind the company, which ultimately resulted in Riparide raising $4 Million Australian to further its growth and development.

14. Clutch Canada

Year Founded: 2016

HQ: Toronto, Canada

Size: 51-100

Founders: Stephen Seibel

Clutch Canada is a startup in Canada that was founded in 2016 and is currently based in the city of Toronto. The company has created an online marketplace platform that allows people in the country to get access to a range of high-quality vehicles for incredibly fair prices. The fully online customer experience takes the hassle out of physically looking for a new car, which can take a long time.

Since the business was founded, it has successfully gone through four rounds of startup funding. During these funding rounds, Clutch Canada has managed to attract the attention and money of eleven investors. From these investors, the company has raised a great figure of $103.1 Million.

15. GoodGood

Year Founded: 2021

HQ: Toronto, Canada

Size: 1-10

Founders: Robert Kim

GoodGood is a Canadian startup that was founded in 2021 and is currently based in Toronto, Canada. The company aims to help local economies by connecting customers with local vendors for a variety of different household grocery items, like snacks, drinks and more. This is helping local businesses to get back on their feet.

GoodGood has very recently seen success in terms of attracting outside startup funding. In a funding round during December 2021. During this funding round, the company successfully raised a total of $6.5 Million Canadian from a group of six investors.

16. Portable Electric

Year Founded: 2015

HQ: Vancouver, Canada

Size: 1-10

Founders: Mark Rabin, Sarath Samarasekera

Portable Electric is a Canadian startup that was founded in 2015 and is currently based in Vancouver, Canada. The company aims to provide a cleaner and better alternative to traditional diesel-powered generators by selling their own units which run silently and are much more environmentally friendly than the alternative.

Since the business was founded it has seen some success in securing outside investment for growth and development. Across two rounds of funding, the startup has secured investment from a sole investor, that has parted with $250,000 to help the company to reach the next level.

17. Spare

Year Founded: 2015

HQ: Vancouver, Canada

Size: 11-50

Founders: Alexey Indeev, Josh Andrews, Kristoffer Vik Hansen

Spare is a startup in Canada that was founded in 2015 and is currently based in Vancouver, Canada. The company is a transportation startup that provides technology and support for transportation businesses that want to scale up, or even to help someone complete the initial setup of their own transportation agency.

Since being founded, the company has gone through three rounds of startup funding. From these rounds, the company has attracted investment from nine investors. The support of these nine investors has allowed Spare to raise a total of $22.6 Million.

18. Validere

Year Founded: 2015

HQ: Calgary, Canada

Size: 51-100

Founders: Ian Burgess, Nouman Ahmad

Validere is a Canadian startup that was founded in 2015 and is currently based in Calgary, Canada. The company is behind the development and creation of new hardware and software solutions to make oil testing much more trusted and transparent than it is currently. This allows their clients to optimize their logistics and improve their bottom line.

Validere has seen huge success in attracting outside investment, with the startup successfully going through a series of eight funding rounds. From these funding rounds, the company has secured investment from twenty-five different investors. As a result of this, the company has raised $26.2 Million in funding.

19. Knak

Year Founded: 2015

HQ: Ottawa, Canada

Size: 11-50

Founders: Brendan Farnand, Patrick Proulx, Pierce Ujjainwalla

Knak is a Canadian startup that was founded in 2015 and is currently based in Ottawa, Canada. The business itself is behind the development and creation of email and landing pages for a variety of different businesses, having worked with some of the world's biggest companies. This platform can also be integrated easily with marketing automation software like Salesforce.

Since being founded, the company has recently seen success in attracting outside funding. Having gone through the sole funding round in November 2021, the company received a figure of $25 Million in funding from a single investor.

20. Keel

Year Founded: 2021

HQ: Toronto, Canada

Size: 11-50

Founders: Kumar Abhishek

Keel is a startup in Canada that was founded last year and is currently based in Toronto, Canada. The company has designed and created a platform for immigration to help people all across the world to find the country that they want to live in and then helps them to settle into that country. Immigration can be incredibly challenging, which is why the platform is important.

Despite the new status of the company, it has already managed to attract some investment for growth and development. This was achieved in October 2021 and the company received funding from two angel investors.

21. AgriFORCE

Year Founded: 2017

HQ: Vancouver, Canada

Size: 11-50

Founders: Ingo Mueller, Mauro Penella

AgriFORCE is a Canadian startup that was founded in 2017 and is currently based in Vancouver, Canada. The company helps farmers to create digital tools for the creation of growing systems, indoor hydroponics and micropropagation.

Since the business was founded, it has seen some success in securing startup funding. This was achieved during a funding round in 2019 and from this round, the business managed to secure funding from a sole investor.


FAQs

How Many Startups Are There In Canada?

Statistics have shown that there is estimated to be more than 3000 startups currently in Canada.

What is the Average Investment in Canada?

The average investment in Canada varies by area, however, in the Toronto-Waterloo area, the average Seed Round is worth $500,000 and the average Series A Round is worth $4.4 Million- both of these are above the global average.

What Are The Main Industries in Canada?

The three strongest sectors in Canada are the service sector, manufacturing and natural resources.

Top Canadian Startups To Watch...
Asaf Fybish

Asaf is an investor and startup growth advisor. He specializes in organic marketing and he's our Chief of Stash

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