The Canadian periodic table highlights 150 Canada-based startups, investors, and exits like that of Shopify and Real Matters.
To commemorate the 150th anniversary of Canada this weekend we used the CB Insights database to compile the country’s top tech startups, investors, and exits into a periodic table. The table groups together 150 notable companies, investors, and exits from Canada’s private company tech scene.
The periodic table includes over 100 companies operating in select industry categories that are particularly prominent in Canada, along with the top 20 exits of Canadian tech companies since 2012 with disclosed valuations. We also include the most active venture capital and corporate investors located in Canada that are investing globally in private tech companies.
Among the companies represented are relatively well-funded and notable but lesser known tech players such as D-Wave Systems, located in Burnaby, which is leading the way in creating a commercially viable quantum computer with $181M raised to date. The company Thalmic Labs, in Kitchener, is building technology that lets people use the electrical activity in their muscles to control computers and has $134M in funding.
More well-known companies include the country’s only current unicorn company valued at $1B or more in the private markets, the social-messaging platform Kik Interactive, which has $116M in funding.
Notably, Canada’s tech ecosystem as a whole is showing signs of growth. On an annual basis, 2016 saw deal activity to VC-backed Canadian companies climb 7%, according to the Q4 and Full-year 2016 Money Tree Canada Report from PwC and CB Insights.
The startups selected for inclusion in the table below all have at least $1M in funding, and have obtained funding since 2014. Additionally, they were pulled from analysis using CB Insights data around funding, and company health including momentum as captured by our proprietary Mosaic algorithm.
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We expect that this cohort will change over time as new entrants emerge and gain prominence and others falter, exit, and are removed.
Navigating the periodic table of tech in Canada:
The top part of the table lists private investor-backed companies in select industries, as well as notable VC and corporate investors in Canada. The bottom two rows of the table outline notable exits of Canada-based companies.
We broke Canadian tech down into the following categories:
Venture Capital: This category encompasses the most active Canadian venture capital firms, by number of deals to tech companies globally, since 2012. The list includes VCs such as BDC Venture Capital, and Real Ventures, among others.
Corporation/CVC: These are the most active Canada based corporations and their corporate venture capital arms (CVC) making investments in private tech companies around the world, since 2012.
Auto Tech: Startups include Mojio, which provides an open platform for connected cars, as well as AIRY:3D which has developed a suite of passive light-field recovery technologies applicable to autonomous cars.
Ag Tech: Agriculture tech companies such as Farmers Edge, provide global agribusinesses with the precision tools and services growers need to identify, map and manage farmland variability.
Logistics Tech: These companies include Nulogy, a provider of contract packaging software systems, as well as Assent Compliance which enables companies to manage and streamline their supply chain and product compliance efforts.
Fintech: Financial technology companies in this category include the most well-funded startup in our table Financelt, a cloud-based platform for businesses to offer financing options to their customers from any device with $291M raised to date. Also in this category is the second most well-funded company in the table Flexiti Financial, which offers payments technology for retailers with $280M in funding.
Analytics: Companies offering analytics software and services include the third most well-funded startup in our table Hootsuite, an enterprise social media management system with $230M raised to date, as well as unified search and predictive analytics company Coveo.
Cybersecurity: Startups in this category include SecureKey Technologies, which develops hardware and software solutions that extend the power of chip-based identity and payment technologies to online and mobile transactions. Others include eSentire, which specializes in advanced threat solutions for the hedge fund industry.
e-commerce / Marketplace: These companies include BuildDirect, which offers a way to directly connect consumers to manufacturers. Others include Flipp, which provides a digital platform used by retailers.
Computing / AI: Companies in this category include the aforementioned D-Wave Systems, as wells as Thalmic Labs. Also included are companies leveraging artificial intelligence such as Element AI, which raised $102M in a Series A, this year.
Social: This category includes the aforementioned unicorn company Kik Interactive, as well as Hubba, a business network designed to help brands and retailers connect on opportunities to grow their business.
Advanced Materials: The only startup in this category in the table is Metamaterial Technologies, which is a smart materials and photonics company specializing in metamaterial research, nanofabrication, and computational electromagnetics.
Digital Health: These startups include PointClickCare, an electronic health records platform. Others include LEAGUE, which offers a mobile-first platform to connect employees to a network of health services
HR Tech: Human Resources technology companies in this category include Visier, which delivers workforce analytics and planning solutions in the cloud, as well as Workjam, an employee engagement suite that empowers the digital workplace for shift-based, hourly and non-desk workers.
Robotics: The three companies in this category in our table include Clearpath Robotics, a company dedicated to automating the world’s dullest, dirtiest, and deadliest jobs with intelligent service robots. The company Aeryon Labs, provides robotic solutions to real-world problems through the design and manufacture of small unmanned aerial vehicles.
Real Estate Tech: The only company in this category in our map is Breather, which offers its members an on-demand network of private rooms designed for work and relaxation, each of which can be accessed by smartphone.
Reg Tech: Intelex Technologies, provides environmental, health, safety, and quality management software.
Marketing Tech: These companies include Scribble Technologies, which offers a content marketing and live publishing software platform.
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