Canada has become a hub for startups in recent years, with many innovative companies emerging and making their mark in various industries. Among these companies, there are 21 only that have achieved the elusive unicorn status – being valued at over $1 billion. These companies are not only impressive for their financial success but also for their impact on the Canada economy and their respective industries.
So without further ado, let’s dive into the world of Canada’s unicorn companies!
List of 21 Unicorns in Canada
1. Dapper Labs
A Canadian blockchain technology company that develops decentralized applications, including NBA Top Shot.
Company Details:
- Valuation: $7.60$B
- Investors Name: Union Square Ventures, Venrock, Andreessen Horowitz
- City: Vancouver
- Industry: Fintech
- Total Funding Raised: $671.9M
- Founded Year: 2018
- Joined Unicorn Club: 3/30/2021
- Total Investors:
- Total Deal Terms: 3
- Website: https://www.dapperlabs.com/
2. 1Password
A Canadian password manager and identity protection software company that provides secure password storage and autofill.
Company Details:
- Valuation: $6.80$B
- Investors Name: Slack Fund, Accel, Skip Capital
- City: Toronto
- Industry: Cybersecurity
- Total Funding Raised: $920.14M
- Founded Year: 2005
- Joined Unicorn Club: 7/8/2021
- Total Investors:
- Total Deal Terms: 2
- Website: https://1password.com/
3. Hopper
A Canadian travel technology company that provides flight and hotel booking solutions and services for travelers.
Company Details:
- Valuation: $5$B
- Investors Name: Capital One Growth Ventures, Citi Ventures, OMERS Ventures
- City: Montreal
- Industry: Travel
- Total Funding Raised: $614.2M
- Founded Year: 2007
- Joined Unicorn Club: 3/24/2021
- Total Investors:
- Total Deal Terms: 6
- Website: https://www.hopper.com/
4. SSENSE
A Canadian online fashion platform that provides luxury and designer clothing, shoes, and accessories for customers.
Company Details:
- Valuation: $4.15$B
- Investors Name: Sequoia Capital
- City: Montreal
- Industry: E-commerce & direct-to-consumer
- Total Funding Raised: $415.9M
- Founded Year: 2003
- Joined Unicorn Club: 6/8/2021
- Total Investors:
- Total Deal Terms: 2
- Website: https://www.ssense.com/
5. PointClickCare
A Canadian healthcare technology company that provides cloud-based electronic health records and other solutions.
Company Details:
- Valuation: $4$B
- Investors Name: Dragoneer Investment Group, Hellman & Friedman, JMI Equity
- City: Mississauga
- Industry: Internet software & services
- Total Funding Raised: $86.88M
- Founded Year: 2000
- Joined Unicorn Club: 1/7/2021
- Total Investors:
- Total Deal Terms: 1
- Website: https://pointclickcare.com/
6. Blockstream
A Canadian blockchain technology company that provides blockchain solutions and services for businesses and enterprises.
Company Details:
- Valuation: $3.20$B
- Investors Name: AME Cloud Ventures, Future Perfect Ventures, Blockchain Capital
- City: Vancouver
- Industry: Fintech
- Total Funding Raised: $311M
- Founded Year: 2014
- Joined Unicorn Club: 8/24/2021
- Total Investors:
- Total Deal Terms: 4
- Website: https://www.blockstream.com/
7. ApplyBoard
A Canadian online platform that provides international student recruitment solutions and services for educational institutions.
Company Details:
- Valuation: $3$B
- Investors Name: Artiman Ventures, Plug and Play Ventures, Anthos Capital
- City: Kitchener
- Industry: Edtech
- Total Funding Raised: $479.91M
- Founded Year: 2015
- Joined Unicorn Club: 5/5/2020
- Total Investors:
- Total Deal Terms: 3
- Website: https://www.applyboard.com/
8. Clearco
A Canadian fintech company that provides funding solutions and services for businesses.
Company Details:
- Valuation: $2$B
- Investors Name: Highland Capital Partners, Oak HC/FT Partners, Emergence Capital Partners
- City: Toronto
- Industry: Fintech
- Total Funding Raised: $935.01M
- Founded Year: 2015
- Joined Unicorn Club: 4/20/2021
- Total Investors:
- Total Deal Terms: 1
- Website: https://clear.co/
9. Trulioo
A Canadian global identity verification company that provides identity verification solutions and services for businesses.
Company Details:
- Valuation: $1.75$B
- Investors Name: Blumberg Capital, American Express Ventures, BDC Venture Capital
- City: Vancouver
- Industry: Cybersecurity
- Total Funding Raised: $469.74M
- Founded Year: 2011
- Joined Unicorn Club: 6/7/2021
- Total Investors:
- Total Deal Terms: 3
- Website: https://www.trulioo.com/
10. Clio
A Canadian legal practice management software company that provides legal practice management solutions and services.
Company Details:
- Valuation: $1.60$B
- Investors Name: OMERS Private Equity, T. Rowe Price, Technology Crossover Ventures
- City: Burnaby
- Industry: Internet software & services
- Total Funding Raised: $415.79M
- Founded Year: 2008
- Joined Unicorn Club: 4/27/2021
- Total Investors:
- Total Deal Terms: 2
- Website: https://www.clio.com/
11. Figment
A Canadian blockchain infrastructure company that provides blockchain infrastructure solutions and services for businesses.
Company Details:
- Valuation: $1.40$B
- Investors Name: Bonfire Ventures, Two Sigma Ventures, FJ Labs
- City: Toronto
- Industry: Internet software & services
- Total Funding Raised: $163.84M
- Founded Year: 2018
- Joined Unicorn Club: 12/20/2021
- Total Investors:
- Total Deal Terms: 2
- Website: https://figment.io/
12. Nexii
A Canadian green construction technology company that provides construction technology solutions and services for businesses.
Company Details:
- Valuation: $1.23$B
- Investors Name: Trane Technologies, Honeywell
- City: Vancouver
- Industry: Other
- Total Funding Raised: $101.97M
- Founded Year: 2020
- Joined Unicorn Club: 9/8/2021
- Total Investors:
- Total Deal Terms: 2
- Website: https://www.nexii.com/
13. Ada Support
A Canadian artificial intelligence software company that provides AI solutions and services for businesses.
Company Details:
- Valuation: $1.20$B
- Investors Name: Version One Ventures, Bessemer Venture Partners, FirstMark Capital
- City: Toronto
- Industry: Artificial intelligence
- Total Funding Raised: $190.73M
- Founded Year: 2016
- Joined Unicorn Club: 5/7/2021
- Total Investors:
- Total Deal Terms: 1
- Website: https://www.ada.support/
14. eSentire
A Canadian cybersecurity company that provides cybersecurity solutions and services for businesses.
Company Details:
- Valuation: $1.10$B
- Investors Name: Edison Partners, Georgian Partners, VentureLink
- City: Waterloo
- Industry: Cybersecurity
- Total Funding Raised: $287.88M
- Founded Year: 2001
- Joined Unicorn Club: 2/22/2022
- Total Investors:
- Total Deal Terms: 2
- Website: https://www.esentire.com/
15. Xanadu
A Canadian quantum computing and technology company that provides quantum computing solutions and services for businesses.
Company Details:
- Valuation: $1.00 $B
- Investors Name: BDC Capital, Georgian, Bessemer Venture Partners
- City: Toronto
- Industry: Hardware
- Total Funding Raised: –
- Founded Year: –
- Joined Unicorn Club: 11/9/2022
- Total Investors:
- Total Deal Terms: –
- Website: https://www.xanadu.ai/
16. Axelar
A San Francisco-based blockchain interoperability platform that provides interoperability solutions and services for businesses.
Company Details:
- Valuation: $1$B
- Investors Name: Lemniscap VC, North Island Ventures, Polychain Capital
- City: Waterloo
- Industry: Internet software & services
- Total Funding Raised: $63.75M
- Founded Year: 2020
- Joined Unicorn Club: 2/15/2022
- Total Investors:
- Total Deal Terms: 1
- Website: https://axelar.network/
17. Assent Compliance
A Canadian compliance software company that provides compliance solutions and services for businesses.
Company Details:
- Valuation: $1$B
- Investors Name: Vista Equity Partners, Warburg Pincus, First Ascent Ventures
- City: Ottawa
- Industry: Supply chain, logistics, & delivery
- Total Funding Raised: $501.64M
- Founded Year: 2005
- Joined Unicorn Club: 1/6/2022
- Total Investors:
- Total Deal Terms: 3
- Website: https://www.assentcompliance.com/
18. Assent
A Dubai-based digital transformation and technology company that provides technology solutions and services for businesses.
Company Details:
- Valuation: $1.00 $B
- Investors Name: Vista Equity Partners, Warburg Pincus, First Ascent Ventures
- City: Ottawa
- Industry: Supply chain, logistics, & delivery
- Total Funding Raised: –
- Founded Year: –
- Joined Unicorn Club: 1/6/2022
- Total Investors:
- Total Deal Terms: –
- Website: https://assent.tech/
19. Freshbooks
A Canadian cloud-based accounting software company that provides accounting solutions and services for businesses.
Company Details:
- Valuation: $1$B
- Investors Name: Accomplice, Oak Investment Partners, Georgian Partners
- City: Toronto
- Industry: Fintech
- Total Funding Raised: $203.75M
- Founded Year: 2004
- Joined Unicorn Club: 8/10/2021
- Total Investors:
- Total Deal Terms: 3
- Website: https://www.freshbooks.com/
20. Visier
A Canadian people analytics software company that provides people analytics solutions and services for businesses.
Company Details:
- Valuation: $1$B
- Investors Name: Foundation Capital, Summit Partners, Adams Street Partners
- City: Vancouver
- Industry: Internet software & services
- Total Funding Raised: $216.5M
- Founded Year: 2010
- Joined Unicorn Club: 6/29/2021
- Total Investors:
- Total Deal Terms: 3
- Website: https://www.visier.com/
21. TensTorrent
A Canadian renewable energy technology company that provides renewable energy technology solutions and services for businesses.
Company Details:
- Valuation: $1$B
- Investors Name: Eclipse Ventures, Fidelity Investments, Moore Capital Management
- City: Toronto
- Industry: Artificial intelligence
- Total Funding Raised: $221.03M
- Founded Year: 2016
- Joined Unicorn Club: 5/5/2021
- Total Investors:
- Total Deal Terms: 1
- Website: https://www.tenstorrent.com/
Conclusion
So, these 21 unicorn companies in Canada have achieved great success and are making an impact in their respective industries. Whether you’re an investor or a business enthusiast, these companies are definitely worth watching in the future.