Complete List of Startup Unicorns in Canada in 2023

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What is a startup "unicorn"? The term unicorn refers to a privately held startup company with a value of over $1 billion. Below is a list of the top startup unicorns in Canada, updated for 2023.

Visier

Visier delivers workforce analytics and planning solutions in the cloud, designed to empower teams with the insights they need to better see, understand, and make decisions about their business. Visier achieves this by delivering intuitive analytics and planning solutions, built to answer key business questions, predict future events, and optimize operational efficiency. The company was founded in 2010 and is based in Vancouver, British Columbia.

Details

  • Valuation:
    $
    1
    Billion
  • City:
    Vancouver
  • Country:
    Canada
  • Industry:
    Internet software & services
  • Website:
    Click here
Trulioo

Trulioo is a global identity verification company, building trust online so that businesses and consumers can transact safely and securely. Trulioo’s platform provides real-time verification of consumers and business entities through API integration.

Details

  • Valuation:
    $
    1.75
    Billion
  • City:
    Vancouver
  • Country:
    Canada
  • Industry:
    Cybersecurity
  • Website:
    Click here
TensTorrent

TensTorrent develops a high-performance processor ASICs, specifically engineered for deep learning and smart hardware. The company's processor is designed to excel at both learning and inference, while being software-programmable to support the future in the field of machine learning. The processor's architecture easily scales from battery-powered IoT devices to large cloud servers, and surpasses today's solutions by several orders of magnitude in raw performance and energy efficiency.

Details

  • Valuation:
    $
    1
    Billion
  • City:
    Toronto
  • Country:
    Canada
  • Industry:
    Artificial intelligence
  • Website:
    Click here
SSENSE

SSENSE is a Montreal-based fashion platform with a global reach. SSENSE is pacing the vanguard of directional retail with its mix of luxury, streetwear, and avant-garde labels.

Details

  • Valuation:
    $
    4.15
    Billion
  • City:
    Montreal
  • Country:
    Canada
  • Industry:
    E-commerce & direct-to-consumer
  • Website:
    Click here
PointClickCare

PointClickCare helps care providers to connect, collaborate, and share data within their network. PointClickCare provides diverse care teams across the care continuum with real‐time patient insights at any stage of a patient’s healthcare journey, enabling better decision-making and improved clinical outcomes at a lower cost.

Details

  • Valuation:
    $
    4
    Billion
  • City:
    Mississauga
  • Country:
    Canada
  • Industry:
    Internet software & services
  • Website:
    Click here
Nexii

Nexii offers building solutions for industrial, commercial, institutional, high-rise cladding, mixed-use, multi-family, single-family & retrofit projects. The Nexii System facilitates a total building process. Every Nexii project uses an integrated systems approach supported by quality assurance and experienced builders and technicians who guide the project from conception to completion and help clients achieve their original project vision. The company was founded in 2020 and is based in Vancouver Canada.

Details

  • Valuation:
    $
    1.23
    Billion
  • City:
    Vancouver
  • Country:
    Canada
  • Industry:
    Other
  • Website:
    Click here
Hopper

Hopper is a mobile application that uses data to predict and analyze airfare. Hopper provides travelers with flight information and notifies them when prices for their flights are at their predicted lowest points.

Details

  • Valuation:
    $
    5
    Billion
  • City:
    Montreal
  • Country:
    Canada
  • Industry:
    Travel
  • Website:
    Click here
Figment

Figment is a Canadian-based blockchain infrastructure and crypto staking provider. Figment develops back-end systems and infrastructure that provide yield on tokens for PoS blockchains. The company offers staking, middleware and application layer solutions for investors and developers investing in and building on Web 3. The company was founded in 2018 and is based in Toronto, Ontario.

Details

  • Valuation:
    $
    1.4
    Billion
  • City:
    Toronto
  • Country:
    Canada
  • Industry:
    Internet software & services
  • Website:
    Click here
Freshbooks

FreshBooks provides accounting software platforms with invoicing, time-tracking, expense management, online payments, bank reconciliation and double-entry accounting features. The company serves customers of all sizes, including small businesses and self-employed professionals. Freshbooks was founded in 2003 and is based in Toronto, Ontario.

Details

  • Valuation:
    $
    1
    Billion
  • City:
    Toronto
  • Country:
    Canada
  • Industry:
    Fintech
  • Website:
    Click here
eSentire

eSentire specializes in advanced threat solutions for the hedge fund industry based on core IP upon which their business succeeds. eSentire delivers real-time threat detection and mitigation on a 24x7x365 basis now known as Continuous Monitoring as a Service (CMAAS).

Details

  • Valuation:
    $
    1.1
    Billion
  • City:
    Waterloo
  • Country:
    Canada
  • Industry:
    Cybersecurity
  • Website:
    Click here
Dapper Labs

Dapper Labs is a marketplace that offers digital collectibles built on the blockchain. It launched CryptoKitties, a game centered around breedable, collectible creatures called CryptoKitties. Each cat is one-of-a-kind and 100% owned by users; it cannot be replicated, taken away, or destroyed. The company also partnered with the NBA and launched NBA Top Shot.

Details

  • Valuation:
    $
    7.6
    Billion
  • City:
    Vancouver
  • Country:
    Canada
  • Industry:
    Internet software & services
  • Website:
    Click here
Clio

Clio is a practice management, time and billing, and client collaboration platform for small- to mid-sized law firms.

Details

  • Valuation:
    $
    1.6
    Billion
  • City:
    Burnaby
  • Country:
    Canada
  • Industry:
    Internet software & services
  • Website:
    Click here
Clearco

Clearco fka Clearbanc builds financial services for entrepreneurs and small business owners. The company provides growth capital for web-enabled businesses using business data instead of a personal credit score.

Details

  • Valuation:
    $
    2
    Billion
  • City:
    Toronto
  • Country:
    Canada
  • Industry:
    Fintech
  • Website:
    Click here
Blockstream

Blockstream was founded to develop new ways to accelerate crypto currencies, open assets, and smart contracts.

Details

  • Valuation:
    $
    3.2
    Billion
  • City:
    Vancouver
  • Country:
    Canada
  • Industry:
    Fintech
  • Website:
    Click here
Axelar

Axelar helps developers build on platforms suited for their needs and leverage a simple protocol suite and API to access global cross-chain liquidity, users, and communication.

Details

  • Valuation:
    $
    1
    Billion
  • City:
    Waterloo
  • Country:
    Canada
  • Industry:
    Internet software & services
  • Website:
    Click here
Assent

Assent is a supply chain sustainability management solution. With more than a decade of experience, Assent is specifically focused on complex manufacturers, a subset of manufacturers in the industrial equipment, electronics, medical device, aerospace/defense and automotive verticals whose products have a long design cycle and shelf life. More importantly, with thousands of parts making up a single product — and equally as many supplier partners across their global supply chain — complex manufacturers have extreme supply chain sustainability requirements. The Assent solution blends the SaaS technology platform with managed services and its Regulatory Team of subject matter experts who keep customers ahead of compliance and regulatory changes across the globe.

Details

  • Valuation:
    $
    1
    Billion
  • City:
    Ottawa
  • Country:
    Canada
  • Industry:
    Supply chain, logistics, & delivery
  • Website:
    Click here
ApplyBoard

ApplyBoard provides an AI-enabled platform that helps international students apply to study at North American educational institutions.

Details

  • Valuation:
    $
    3.2
    Billion
  • City:
    Kitchener
  • Country:
    Canada
  • Industry:
    Edtech
  • Website:
    Click here
Ada

Ada offers an automated AI-powered platform that enables enterprise businesses around the world to automate customer service that saves time, reduces cost, and strengthen their support.

Details

  • Valuation:
    $
    1.2
    Billion
  • City:
    Toronto
  • Country:
    Canada
  • Industry:
    Artificial intelligence
  • Website:
    Click here
1Password

1Password operates as a password manager, digital vault, form filler, and secure digital wallet. 1Password remembers passwords to help secure account information.

Details

  • Valuation:
    $
    6.8
    Billion
  • City:
    Toronto
  • Country:
    Canada
  • Industry:
    Cybersecurity
  • Website:
    Click here