Canada’s economy is mostly supported by the small businesses in the country. However, the country is still overlooked in terms of start-ups, which is major because of its close proximity to Silicon Valley. However, there is no denying the fact that the country has a thriving ecosystem of start-ups in different industries which cannot be overlooked. The Canadian startups are equally exciting as their American counterparts. In fact, Canada is also considered to be the fourth most influential start-up hub in the whole world. As a result of which, there are several Canadian start-ups that spruced up in the recent past and are surely here to stay.
In this article, we have curated a simple list of the top 5 Canadian start-ups to follow. If you are one of the budding entrepreneurs in Canada, do watch out for these.
1. Maple
Founded in 2015
HQ – Toronto, Canada
Size – 11-50
Founders – Brett Belchetz, Roxana Zaman, Stuart Starr
Maple is an IT and healthcare start-up that’s based in Toronto, Canada. The company connects patients with licensed medical professionals through its online platform, irrespective of the time of day. During the worldwide pandemic, the company helped people get urgent support related to their health issues. The convenience provided by the company is one of the driving factors behind its early success. The company also received a huge backing of $71.7 million from a group of seven investors. Also, quite notably, one of them belongs to the Royal Bank of Canada. With this financial backing and their future plan for success, Maple turned the year 2021 as its flagship year of triumph.
To know more about the company, visit – https://www.getmaple.ca/
2. ApplyBoard
Founded in 2015
HQ – Waterloo, Canada
Size – 501-1000
Founders – Martin Basiri, Massi Basiri, Meti Basiri
ApplyBoard is an educational software start-up in Canada, which was founded in 2015. This start-up offers the largest platform to students worldwide and assists them with a single solution to connect with recruiters and education providers. So far, ApplyBoard has helped more than 200,000 students all over the globe continue their required path in education. The company is a striking example of a Canadian start-up doing extremely well in terms of attracting investments from the outside. So far, ApplyBoard has received financial backing from a group of twenty-one investors. In June 2021, ApplyBoard raised USD $300 million in Series D funding, which brought the company’s valuation up to USD $3.2 billion.
To know more about the company, visit – https://www.applyboard.com/
3. Loopio
Founded in 2014
HQ – Toronto, Canada
Size – 101-250
Founders – Jafar Owainati, Matt York, Zakir Hemraj
Loopio is a software company that is specifically designed for knowledge management. The company basically offers help to large enterprises for responding to a number of different things like RFPs, RFIs, and so on. Loopio makes sales content available on an organizational scale, thereby making collaborations easier for its clients. The start-up has already received a significant amount of funding from investors and has already gathered 263 million CAD from a group of three investors.
To know more about the company, visit – https://loopio.com/
4. Borrowell
Founded in 2014
HQ – Toronto, Canada
Size – 51-100
Founders – Andrew Graham, Eva Wong
Borrowell is a Fintech start-up in Canada that is currently located in Toronto. The company helps people to learn how to better manage their finances. Borrowell gives free access to credit scores, credit score management tips, and recommendations for monetary products based on the customers’ input of an AI. The company ensures that the solutions presented to the customers are the right ones as per their requirements. A group of 25 investors has already invested in Borrowell with a huge sum of $92 million. The company also acquired Refresh Financial at the end of 2020.
To know more about the company, visit – https://borrowell.com/
5. RVezy
Founded in 2016
HQ – Ottawa, Canada
Size – 51-100
Founders – Michael McNaught, Tomas Kolafa
RVezy is a travel and e-commerce start-up in Canada, which focuses on RV rental services in North America. The company allows its users to affordably rent an RV for their travel purposes. RVezy also allows its users to rent out their RVs for extra income while being fully worry-free about their vehicles as it would be safe under the company’s guidance. So far, RVezy has raised a total of 23 million CAD from different investors.
To know more about the company, visit – https://www.rvezy.com/
Wrapping It Up,
We’ve talked about just 5 start-ups in Canada. However, the country is filled with amazing new businesses that are doing great for themselves as well as for the economy of the nation. So, if you are one of the aspiring entrepreneurs in Canada, take a cue from these recognized brands who started small but are now on the verge of becoming the next big thing in the world.
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