The Canadian periodic table highlights 150 Canada-based startups, investors, exits, and IPOs like that of Shopify and Real Matters.
In honor of Canada Day this weekend, we used CB Insights’ database to compile 150 notable tech companies, most active venture capital and corporate investors, and top exits of Canada’s private company tech scene into a periodic table.
On an annual basis, 2017 saw overall funding to VC-backed Canadian companies increase to $2.7B, even as deal activity dropped 12% YoY, according to the Full-Year 2017 Money Tree Canada Report from PwC Canada and CB Insights.
This year has been off to a strong start, with Q1’18 being Canada’s first $1B funding quarter.
The startups selected for inclusion in the table below all have at least $1M in funding, and have obtained equity funding since 2014. They were pulled for analysis using CB Insights data on funding and company health, including momentum, as captured by our proprietary Mosaic algorithm.
Startups headquartered in the Toronto metro area dominate the table, with over 40 tech companies featured. Vancouver and Montreal came in second and third, respectively, with over 10% of featured startups headquartered in each of the two cities.
The periodic table includes Canada’s only current unicorn company, the social messaging platform Kik Interactive, which launched its own Ethereum-based cryptocurrency in 2017.
We expect that this cohort will change over time as new entrants emerge and gain prominence and others falter, exit, and are removed.
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NAVIGATING THE PERIODIC TABLE OF TECH IN CANADA:
The top 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 2013. 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 (CVC) arms making investments in private tech companies around the world since 2013.
Travel Tech: These are tech-enabled companies offering services and products focused on tourism. Hopper, for example, is a mobile application that uses big data to predict and analyze airfare.
Restaurant Tech: This category includes companies that provide technology solutions for restaurant management, bookings, staffing, inventory management, etc. Toronto-based ChefHero is a mobile and web application that allows restaurants to order wholesale food and supplies through a single network.
HR Tech: Human Resources technology companies include Visier, which delivers workforce analytics and planning solutions in the cloud, as well as Benevity, a software social enterprise that offers a platform and products to help companies build social responsibility.
AR/VR: Augmented/Virtual reality companies include AdHawk Microsystems, which creates eye-tracking technology to solve problems faced by AR/VR manufacturers.
Fintech: The financial technology category has the greatest number of startups in our table. Among these is WealthSimple, a technology-driven investment manager that makes simple, low-fee investing accessible to customers regardless of their net worth or financial knowledge. It has raised $113M in funding to date. Also in this category is Wave, which offers various financial services software to small and micro-businesses. It has raised $84M in funding.
Artificial Intelligence (AI): Companies in this category are applying artificial intelligence algorithms across various sectors. Automat.ai, for example, is a platform that lets businesses build conversational software powered by AI. Also included is Element AI, a company that helps organizations embrace AI, which raised $102M in a Series A round last year.
Digital Health: These startups include Figure 1, a mobile-first network of healthcare professionals. Others include Deep Genomics, which uses deep learning-based technology to sift through millions of previously unknown genetic mutations and identify ones that lead to disease.
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.
eCommerce: This category includes Elastic Path, which builds e-commerce software to allow companies across industries to sell products online. Others include Flipp, which offers a digital platform used by retailers.
CPG & Retail Innovation: Companies that use technologies for innovation in retail and e-commerce. Tulip Retail provides mobile solutions to retail store workers, allowing them to access customer preferences, complete sales checkout, and communicate with clients. Tulip has raised over $42M in funding.
On-demand: This category includes companies that offer on-demand services for customers, often connecting businesses with end users. Ritual Technologies provides an order-ahead app that connects customers with restaurants.
IoT: These are companies developing products or solutions in the IoT space. Companies include ecobee, which builds home automation products and has raised $131M in equity funding to date, and Miovision, which provides transportation professionals with data and infrastructure to improve the transportation experience.
Robotics: The four companies in this category in our table include Clearpath Robotics, a company dedicated to automating jobs with intelligent service robots. Kindred Systems builds software that provides machines with goals and the means to learn to better achieve them and has secured $44M in funding.
Wearables: These companies develop hardware or software for wearable consumer electronics. Thalmic Labs has developed a gesture-control armband that lets people use electrical activity in muscles to wirelessly control electronic devices.
Marketing Tech: These companies provide technology-driven marketing solutions. Companies include Vidyard, which offers a video marketing platform that helps marketers drive results and ROI with online video content.
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.
Cloud Computing: Companies in this category include Auvik Networks, which helps managed service providers improve the efficiency and profitability of their managed cloud services.
Quantum Computing: The startups in this category are working on the applications of quantum computing across all industries. D-Wave Systems develops quantum computing systems for commercial use in logistics, bioinformatics, life and physical sciences, quantitative finance, and electronic design automation.
Real Estate Tech: Companies in this category include 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: Regulation technology companies in this year’s table include Assent Compliance, which works to enable companies to manage and streamline their supply chain and product compliance efforts.
Blockchain: The only blockchain company featured in the table is Coinsquare, which operates a platform to buy, sell, and trade bitcoin, ethereum, gold, and more.