Tracxn - Top Business Models - Canada Tech - Apr 2022

TRACXN TOP BUSINESS MODELS REPORT
April 19, 2022
CANADA TECH

Canada Tech - Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Contents
Canada Tech Funding OverviewCanada
Tech
3
Top Funded Business Models 4
One Pagers 9
Appendix 59
2

Canada Tech - Funding in last 1 year
3
HRTech $890M
Investment Tech $841M
Hyperloop $550M
Renewable Energy Tech $544M
AI Infrastructure $515M
Data Center Infrastructure $488M
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
Y Combinator
Garage Capital
Panache Ventures
38
8
7
Early
Stage
BDC
Golden Ventures
Inovia Capital
25
12
10
Late
Stage
BDC
Fidelity Investments
Inovia Capital
10
4
4
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
$ Funding # Rounds
Wealthsimple
(2014, Toronto)
$610M - Series F
TransPod
(2015, Toronto)
$550M - Series D
eStruxture
(2017, Montreal)
$488M - Series B
Trulioo
(2011, Vancouver)
$394M - Series D
ApplyBoard
(2015, Kitchener)
$310M - Series D
Paper
(2014, Montreal)
$270M - Series D
Enerkem
(2000, Montreal)
$255M - Series H
Dapper Labs
(2018, Vancouver)
$250M - Series C
Hydrostor
(2010, Toronto)
$250M - Series D
Vena
(2011, Toronto)
$241M - Series C
Fullscript
(2011, Ottawa)
$240M - PE
Clearco
(2015, Toronto)
$215M - Series C
Toronto (43%)
Montreal (18%)
Vancouver (16%)
Ottawa (4%)
Kitchener (3%)
Others (16%)

Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Canada Tech - Top Business Models Report
Canada Tech - Top Funded Business Models - last 1 year (1/5)
4
Rank Business Model $ Funding # Rounds Top Funding Round Details
1-- Hyperloop Prototypes $550M 1 TransPod | $550M | Series D Link
2-- Datacenter Colocation $488M 1 eStruxture | $488M | Series B Link
3-- ERP for Schools $373M 3 Paper | $270M | Series D Link
4-- Internet First Revenue Based Financing $315M 2 Clearco | $215M | Series C Link
5▲2 Drugs for Multiple Cancer Types $308M 6 Virogin Biotech | $120M | Series D Link
6-- Workforce Scheduling Software $306M 4 When I Work | $200M | Series C Link
7▼9 PC and Console Core NFT Game Developers $280M 3 Dapper Labs | $250M | Series C Link
8-- Compressed Air Energy Storage Systems $258M 2 Hydrostor | $250M | Series D Link
9-- Financial Planning & Analysis Software $249M 2 Vena | $241M | Series C Link
10▲7
Internet First Retail Banks with Partner Bank's
License
$218M 4 KOHO | $165M | Series D Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

5
11-- Deep Learning Processing Units $200M 1 Tenstorrent | $200M | Series C Link
12-- Marketing Software Suite $198M 1 Viral Nation | $198M | Series D Link
13▲52 Sequencing-based Genomic Precision Medicine $188M 2 Deep Genomics | $180M | Series C Link
14--
Healthcare IT > Provider > Hospital Information
Systems > PM & EHR Platforms > Home Care Mana..
$182M 1 AlayaCare | $182M | Series D Link
15▲226 Indoor Farming $163M 2 80 Acres Farms | $160M | Series B Link
16▲86 Dapp Development Platforms $160M 2 Figment | $110M | Series C Link
17▲25 Online Used Cars Dealers $159M 2 Clutch | $80.0M | Series B Link
18-- B2B Building Materials Marketplaces $145M 2 RenoRun | $142M | Series B Link
19-- Employee Data Analytics $132M 2 Visier | $125M | Series E Link
20-- Job Boards $120M 1 Talent.com | $120M | Series B Link

6
21-- Legal Practice Management $110M 1 Clio | $110M | Series E Link
22▲276 Gene Therapy Drugs $83.9M 2 Turnstone Bi.. | $80.0M | Series D Link
23-- Autonomous Trucks $83.5M 1 Waabi | $83.5M | Series A Link
24-- SMB Accounting $82.3M 3 FreshBooks | $80.8M | Series E Link
25▲10 Sales Productivity Tools $80.0M 1 Dooly | $80.0M | Series B Link
26▲281 Internet First Auto Loan Marketplace $79.4M 1 Canada Drives | $79.4M | Series B Link
27▲246 Company Financials Data $70.0M 1 Canalyst | $70.0M | Series C Link
28<> 0 Satellite Based Imaging Services $65.7M 4 GHGSat | $45.0M | Series B Link
29▲30 Backup and Disaster Recovery $65.0M 1 Rewind | $65.0M | Series B Link
30▲28 Competitive Intelligence $62.0M 1 Klue | $62.0M | Series B Link

7
31-- Ecommerce Fulfillment Software $60.2M 1 Bolt | $60.2M | Series B Link
32-- Online Accounting Services $60.0M 1 Bench | $60.0M | Series C Link
33▲78 Pre School Management Software $57.6M 2 Hi Mama | $55.6M | Series B Link
34-- Cryptocurrency Exchanges $55.0M 3 Shakepay | $35.0M | Series A Link
35-- ADA Compliance $55.0M 1 eSSENTIAL Ac.. | $55.0M | Series C Link
36-- Internet First Inner Wear Brands $53.0M 1 Knix | $53.0M | Series B Link

8

Recent Funding Rounds
Hyperloop Prototypes - Canada
01
9
Back to index
Hyperloop (Rloop)
(# Cos: 6 | $565M)
Prototype (TransPod)
(# Cos: 6 | $565M)
Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$550M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$565M
2
-
6
0
TransPod
(2015, Toronto, $565M)
Rloop
(2015, Toronto)
Waterloop
(2016, Waterloo)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
TransPod (2015, Toronto)
$550M - Series D - Mar 2022

eStruxture (2017, Montreal)
$488M - Series B - May 2021
Datacenter Colocation - Canada
02
10
Back to index
Data Center Infrastructure (Kaloom)
(# Cos: 55 | $997M)
Data Center Providers (iWeb)
(# Cos: 38 | $905M)
Colocation (eStruxture)
(# Cos: 37 | $902M)
Taxonomy
Tech
Key Stats
Canada Tech
$488M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
13
$902M
9
1
37
1
eStruxture
(2017, Montreal, $668M)
iWeb
(1996, Montreal, $4.3M)
ROOT Data Center
(2013, Montreal, $115M)

Paper (2014, Montreal)
$270M - Series D - Feb 2022
$100M - Series C - Jun 2021
Edunation (2011, Jordan)
$3.0M - Seed - Jun 2021
ERP for Schools - Canada
03
11
Back to index
Enterprise Resource Planning (Lightspeed)
(# Cos: 414 | $869M)
Education (Kira Talent)
(# Cos: 77 | $423M)
Schools (Paper)
(# Cos: 48 | $397M)
Taxonomy
Tech
Key Stats
Canada Tech
$373M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$397M
13
1
48
2
Paper
(2014, Montreal, $390M)
Mobi724
(2012, Montreal)
KEV Group
(1996, Toronto)

Internet First Revenue Based Financing -
Canada
04
12
Back to index
Taxonomy
Tech
Key Stats
Canada Tech
$315M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$385M
2
1
2
1
Alternative Lending (Borrowell)
(# Cos: 419 | $1.3B)
Online Lenders (Mogo.ca)
(# Cos: 310 | $1.3B)
Business Loans (IOU Financial)
(# Cos: 57 | $477M)
Revenue Based Financing (Timia Capital)
(# Cos: 4 | $405M)
Direct Lender (Clearco)
(# Cos: 2 | $385M)
Clearco
(2015, Toronto, $385M)
Flow Capital
(2014, Toronto)
Clearco (2015, Toronto)
$215M - Series C - Jul 2021
$100M - Series C - Apr 2021

Virogin Biotech (2015, Vancouver)
$120M - Series D - Sep 2021
$80.0M - Series D - May 2021
Turnstone Biologics (2015, Ottawa)
$80.0M - Series D - Jul 2021
Qu Biologics (2007, Vancouver)
$12.0M - Series C - Mar 2022
Alpha-9 Theranost.. (2019, Vancouver)
$8.9M - Series A - Apr 2021
Pacylex Pharmaceut.. (2012, Edmonton)
$7.2M - Series A - Jun 2021
Drugs for Multiple Cancer Types -
Canada
05
13
Back to index
Oncology (Fusion Pharmaceuticals)
(# Cos: 168 | $1.7B)
Drugs (Sierra Oncology)
(# Cos: 103 | $1.4B)
Diversified (Zymeworks)
(# Cos: 79 | $1.1B)
Taxonomy
Tech
Key Stats
Canada Tech
$308M (▲232%)
6(▼14.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
10
$1.1B
59
11
79
9
Zymeworks
(2003, Vancouver, $146M)
ESSA Pharma
(2009, Vancouver, $16.4M)
Turnstone Biologics
(2015, Ottawa, $172M)

When I Work (2010, St. Paul)
$200M - Series C - Nov 2021
7shifts (2011, Regina)
$80.0M - Series C - Feb 2022
$21.5M - Series B - May 2021
Agendrix (2011, Sherbrooke)
$4.2M - Series A - Jun 2021
Workforce Scheduling Software -
Canada
06
14
Back to index
HRTech (Benevity)
(# Cos: 1222 | $2.1B)
Contingent Workforce Management
(WorkJam)
(# Cos: 105 | $475M)
Employee Scheduling (7shifts)
(# Cos: 56 | $353M)
Taxonomy
Tech
Key Stats
Canada Tech
$306M ( -- )
4( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$353M
7
-
56
4
7shifts
(2011, Regina, $122M)
When I Work
(2010, St. Paul, $224M)
Voilà
(2015, Quebec City, $3.0M)

PC and Console Core NFT Game
Developers - Canada
07
15
Back to index
Taxonomy
Tech
Key Stats
Canada Tech
$280M (▼50.8%)
3( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$886M
1
-
1
1
PC & Console Gaming (CryptoKitties)
(# Cos: 279 | $1.1B)
Game Developers (Ludia)
(# Cos: 252 | $931M)
PC & Console Games (Frima)
(# Cos: 226 | $925M)
Core Games (Jagex)
(# Cos: 78 | $895M)
NFTs (Dapper Labs)
(# Cos: 1 | $886M)
Dapper Labs
Dapper Labs (2018, Vancouver)
$23.0M - Series D - Dec 2021
$6.5M - Series C - Dec 2021
$250M - Series C - Sep 2021

Hydrostor (2010, Toronto)
$250M - Series D - Jan 2022
$8.0M - Series C - Aug 2021
Compressed Air Energy Storage Systems
- Canada
08
16
Back to index
Energy Storage Tech (Ballard)
(# Cos: 157 | $736M)
Energy Storage System (e-Zinc)
(# Cos: 31 | $473M)
Compressed Air (Hydrostor)
(# Cos: 4 | $295M)
Taxonomy
Tech
Key Stats
Canada Tech
$258M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$295M
2
-
4
1
Hydrostor
(2010, Toronto, $295M)
Piller
(1909, Markham)
Volta Technique
(2018, Waterloo)

Vena (2011, Toronto)
$241M - Series C - Apr 2021
Conquest Planning (2018, Winnipeg)
$7.5M - Series A - Jul 2021
Financial Planning & Analysis Software -
Canada
09
17
Back to index
Finance & Accounting Tech (FreshBooks)
(# Cos: 472 | $1.3B)
Financial Planning & Analysis (Prophix)
(# Cos: 61 | $432M)
Suite (Vena)
(# Cos: 12 | $405M)
Taxonomy
Tech
Key Stats
Canada Tech
$249M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$405M
5
-
12
2
Vena
(2011, Toronto, $385M)
Prophix
(2000, Mississauga)
Conquest Planning
(2018, Winnipeg, $10.5M)

Internet First Retail Banks with Partner Bank's
License - Canada
10
18
Back to index
Taxonomy
Tech
Key Stats
Canada Tech
$218M (▲268%)
4(▲33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$359M
6
-
13
2
Banking Tech (Borrowell)
(# Cos: 192 | $1.3B)
Internet First Banks (Neo Financial)
(# Cos: 29 | $400M)
Through Bank Partnerships (NorthOne)
(# Cos: 18 | $400M)
Retail Banking (KOHO)
(# Cos: 13 | $359M)
KOHO
(2014, Toronto, $264M)
Neo Financial
(2018, Calgary, $90.0M)
Jefa
(2020, $2.0M)
KOHO (2014, Toronto)
$165M - Series D - Feb 2022
Neo Financial (2018, Calgary)
$50.5M - Series B - Sep 2021
Jefa (2020)
$2.0M - Seed - Nov 2021
Wingocard (2019, Montreal)
$1.7M - Seed - May 2021

Deep Learning Processing Units - Canada
11
19
Back to index
Taxonomy
Tech
Key Stats
Canada Tech
$200M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$221M
1
-
1
1
Digital ICs (Xanadu)
(# Cos: 31 | $924M)
Microprocessors (D-Wave)
(# Cos: 26 | $824M)
Artificial Intelligence and Machine
Learning (Untether)
(# Cos: 10 | $373M)
Deep Learning Processing Unit
(Tenstorrent)
(# Cos: 1 | $221M)
Tenstorrent
(2016, Toronto, $221M)
Tenstorrent (2016, Toronto)
$200M - Series C - May 2021

Marketing Software Suite - Canada
12
20
Back to index
MarketingTech (Strikingly)
(# Cos: 1099 | $1.6B)
Suite (Viral Nation)
(# Cos: 37 | $200M)
Taxonomy
Tech
Key Stats
Canada Tech
$198M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$200M
6
-
37
0
Viral Nation
(2014, Toronto, $198M)
Leadfox
(2015, Quebec City)
Groundhogg
(2018, Toronto)
Viral Nation (2014, Toronto)
$198M - Series D - Apr 2022

Sequencing-based Genomic Precision
Medicine - Canada
13
21
Back to index
Taxonomy
Tech
Key Stats
Canada Tech
$188M (▲1153%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$548M
8
2
15
2
Genomics (My Intelligent Machines)
(# Cos: 322 | $1.3B)
Applied Genomics (Arbutus Bio)
(# Cos: 184 | $963M)
Clinical Genomics (Turnstone Biologics)
(# Cos: 83 | $915M)
Diagnostics (Qvella Corporation)
(# Cos: 57 | $663M)
Sequencing-based (Repare
Therapeutics)
(# Cos: 48 | $663M)
Precision Medicine (Deep
Genomics)
(# Cos: 15 | $548M)
Deep Genomics
(2015, Toronto, $240M)
Repare Therapeutics
(2016, Montreal, $166M)
Geneseeq
(2012, Toronto, $128M)
Deep Genomics (2015, Toronto)
$180M - Series C - Jul 2021
RNA Diagnostics (2010, Toronto)
$8.0M - Series A - Sep 2021

Healthcare IT > Provider > Hospital Information Systems >
PM & EHR Platforms > Home Care Management > Agencies -
Canada
14
22
Back to index
Taxonomy
Tech
Key Stats
Canada Tech
$182M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$274M
1
-
7
2
Healthcare IT (Think Research)
(# Cos: 1488 | $1.6B)
Provider (Figure 1)
(# Cos: 1132 | $1.1B)
Hospital Information Systems (Intelerad)
(# Cos: 304 | $419M)
PM & EHR Platforms (NOVX Systems)
(# Cos: 219 | $379M)
Home Care Management (Connected
Care Communications)
(# Cos: 9 | $274M)
Agencies (AlayaCare)
(# Cos: 7 | $274M)
AlayaCare
(2014, Toronto, $274M)
Connected Care Communi..
(2015, Peterborough)
Homecare Intelligence
(2014, Toronto)
AlayaCare (2014, Toronto)
$182M - Series D - Jun 2021

80 Acres Farms (2015, Hamilton)
$160M - Series B - Aug 2021
Ferme d'hiver (2018, Brossard)
$2.9M - Seed - Feb 2022
Indoor Farming - Canada
15
23
Back to index
Crop Tech (Tilray)
(# Cos: 695 | $1.4B)
Indoor Farming (Canopy Growth)
(# Cos: 119 | $460M)
Diversified (80 Acres Farms)
(# Cos: 26 | $271M)
Taxonomy
Tech
Key Stats
Canada Tech
$163M (▲ >10K%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$271M
15
3
26
1
80 Acres Farms
(2015, Hamilton, $250M)
Maricann
(2013, Burlington, $7.6M)
Lufa
(2009, Montreal, $4.5M)

Dapp Development Platforms - Canada
16
24
Back to index
Blockchain Infrastructure (Covalent)
(# Cos: 104 | $231M)
Application Development Platforms (Figment)
(# Cos: 18 | $171M)
Taxonomy
Tech
Key Stats
Canada Tech
$160M (▲1906%)
2(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$171M
6
1
18
2
Figment
(2018, Toronto, $165M)
WondrGaming
(2019, Mississauga)
QuikNode
(2017, Toronto, $5.5M)
Figment (2018, Toronto)
$110M - Series C - Dec 2021
$50.0M - Series B - Aug 2021

Online Used Cars Dealers - Canada
17
25
Back to index
Taxonomy
Tech
Key Stats
Canada Tech
$159M (▲697%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$264M
2
-
7
2
Auto E-Commerce & Content (Fiix)
(# Cos: 298 | $315M)
Second Hand Vehicles (AutoTrader.ca)
(# Cos: 81 | $309M)
Cars (Clutch)
(# Cos: 59 | $309M)
Online Dealer (Canada Drives)
(# Cos: 7 | $264M)
Canada Drives
Clutch
(2016, Halifax, $105M)
Carooga
(2015, Vancouver)
Clutch (2016, Halifax)
$80.0M - Series B - Nov 2021
Canada Drives (2010, Vancouver)
$79.4M - Series B - Aug 2021

B2B Building Materials Marketplaces -
Canada
18
26
Back to index
Taxonomy
Tech
Key Stats
Canada Tech
$145M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$326M
5
-
11
3
B2B E-Commerce (Vendasta)
(# Cos: 182 | $854M)
Home Construction & Improvement (Toolbx)
(# Cos: 13 | $326M)
Building Supplies (Brokrete)
(# Cos: 12 | $326M)
Diversified (BuildDirect)
(# Cos: 12 | $326M)
Marketplace (RenoRun)
(# Cos: 11 | $326M)
RenoRun
(2016, Montreal, $173M)
BuildDirect
Brokrete
(2015, Gatineau, $3.6M)
RenoRun (2016, Montreal)
$142M - Series B - Dec 2021
Brokrete (2015, Gatineau)
$3.0M - Seed - Jul 2021

Visier (2010, Vancouver)
$125M - Series E - Jun 2021
Diversio (2018, Toronto)
$6.5M - Series A - Jan 2022
Employee Data Analytics - Canada
19
27
Back to index
HRTech (WorkJam)
(# Cos: 1222 | $2.1B)
Workforce Analytics (Diversio)
(# Cos: 12 | $226M)
Suite (Visier)
(# Cos: 7 | $226M)
Taxonomy
Tech
Key Stats
Canada Tech
$132M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$226M
3
-
7
2
Visier
Diversio
(2018, Toronto, $6.6M)
Nugget
(2018, Toronto)

Job Boards - Canada
20
28
Back to index
Taxonomy
Tech
Key Stats
Canada Tech
$120M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$162M
6
-
87
1
HRTech (WorkJam)
(# Cos: 1222 | $2.1B)
Job Board (SkyHive)
(# Cos: 240 | $172M)
Industry Specific (Talent.com)
(# Cos: 163 | $162M)
Multi Industry (Neuvoo)
(# Cos: 87 | $162M)
Neuvoo
(2010, Montreal, $40.4M)
Talent.com
(2019, Montreal, $120M)
CareerBeacon
(1997, Moncton, $1.6M)
Talent.com (2019, Montreal)
$120M - Series B - Mar 2022

Clio (2007, Burnaby)
$110M - Series E - Apr 2021
Legal Practice Management - Canada
21
29
Back to index
Legal Tech (Dye & Durham Corp.)
(# Cos: 317 | $616M)
Legal Practice Management (HighQ)
(# Cos: 69 | $489M)
Suite (Clio)
(# Cos: 13 | $386M)
Taxonomy
Tech
Key Stats
Canada Tech
$110M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$386M
2
-
13
1
Clio
(2007, Burnaby, $386M)
Blended Perspectives
(2007, Toronto)
DoProcess
(1989, Toronto)

Gene Therapy Drugs - Canada
22
30
Back to index
Taxonomy
Tech
Key Stats
Canada Tech
$83.9M (▲ >10K%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$250M
15
2
25
2
Genomics (My Intelligent Machines)
(# Cos: 322 | $1.3B)
Applied Genomics (Repare Therapeutics)
(# Cos: 184 | $963M)
Clinical Genomics (Deep Genomics)
(# Cos: 83 | $915M)
Therapeutics (Turnstone Biologics)
(# Cos: 25 | $250M)
Turnstone Biologics
(2015, Ottawa, $172M)
Arbutus Bio
(2007, Burnaby, $10.0M)
DelMar Pharmaceuticals
(2010, Vancouver)
Turnstone Biologics (2015, Ottawa)
$80.0M - Series D - Jul 2021
Mesentech (2016, Vancouver)
$3.9M - Series A - Apr 2022

Waabi (2021, Toronto)
$83.5M - Series A - Jun 2021
Autonomous Trucks - Canada
23
31
Back to index
Autonomous Vehicles (LeddarTech)
(# Cos: 22 | $397M)
Self Driving Technology (Dana TM4)
(# Cos: 3 | $83.5M)
Trucks (Waabi)
(# Cos: 1 | $83.5M)
Taxonomy
Tech
Key Stats
Canada Tech
$83.5M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$83.5M
1
-
1
1
Waabi
(2021, Toronto, $83.5M)

SMB Accounting - Canada
24
32
Back to index
Taxonomy
Tech
Key Stats
Canada Tech
$82.3M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$239M
3
-
65
1
Finance & Accounting Tech (Vena)
(# Cos: 472 | $1.3B)
Accounting Solutions (Replicon)
(# Cos: 288 | $713M)
Accounting Suite (Wave)
(# Cos: 83 | $239M)
SMBs (FreshBooks)
(# Cos: 65 | $239M)
FreshBooks
(2003, Toronto, $154M)
Wave
(2010, Toronto, $82.4M)
Stamped
(2017, Sainte-foy, $2.5M)
FreshBooks (2003, Toronto)
$80.8M - Series E - Aug 2021
Stamped (2017, Sainte-foy)
$1.6M - Seed - Feb 2022
Undisclosed - Seed - Nov 2021

Sales Productivity Tools - Canada
25
33
Back to index
Sales Force Automation (360insights)
(# Cos: 416 | $981M)
Productivity Tools (Dooly)
(# Cos: 24 | $109M)
Taxonomy
Tech
Key Stats
Canada Tech
$80.0M (▲294%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$109M
9
-
24
1
Dooly
Agendize
(2004, Montreal, $3.3M)
Fortuna
(2017, Toronto)
Dooly (2014, Vancouver)
$80.0M - Series B - May 2021

Internet First Auto Loan Marketplace -
Canada
26
34
Back to index
Taxonomy
Tech
Key Stats
Canada Tech
$79.4M (▲ >10K%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$159M
2
-
31
1
Alternative Lending (Borrowell)
(# Cos: 419 | $1.3B)
Online Lenders (Clearco)
(# Cos: 310 | $1.3B)
Consumer Loans (Mogo.ca)
(# Cos: 186 | $724M)
Auto Loans (Thread)
(# Cos: 40 | $159M)
Marketplace (Canada Drives)
(# Cos: 31 | $159M)
Canada Drives
Thread
(2020, Waterloo, $30.0K)
Car Loans 411
(2008, Toronto)
Canada Drives (2010, Vancouver)
$79.4M - Series B - Aug 2021

Canalyst (2015, Vancouver)
$70.0M - Series C - Jan 2022
Company Financials Data - Canada
27
35
Back to index
Data as a Service (Deep Genomics)
(# Cos: 188 | $587M)
Business (Mobidia)
(# Cos: 48 | $121M)
Company Financials (Canalyst)
(# Cos: 10 | $104M)
Taxonomy
Tech
Key Stats
Canada Tech
$70.0M (▲ >10K%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$104M
5
-
10
1
Canalyst
Hockeystick
(2012, Toronto, $600K)
Vuru
(2010, Montreal, $1.0M)

Satellite Based Imaging Services -
Canada
28
36
Back to index
Taxonomy
Tech
Key Stats
Canada Tech
$65.7M (▲119%)
4(▲300%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$115M
4
1
7
1
NewSpace (Maritime Launch Services)
(# Cos: 44 | $216M)
Space Services (UrtheCast)
(# Cos: 16 | $203M)
Imaging (Wyvern)
(# Cos: 7 | $115M)
Satellite Based (GHGSat)
(# Cos: 7 | $115M)
GHGSat
(2011, Montreal, $101M)
Wyvern
(2018, Edmonton, $4.6M)
UrtheCast
GHGSat (2011, Montreal)
$16.1M - Series B - Nov 2021
$45.0M - Series B - Jul 2021
Wyvern (2018, Edmonton)
$125K - Seed - Jan 2022
$4.5M - Seed - Jan 2022

Backup and Disaster Recovery - Canada
29
37
Back to index
Taxonomy
Tech
Key Stats
Canada Tech
$65.0M (▲337%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$138M
7
1
26
1
IT Operations (Sandvine)
(# Cos: 182 | $554M)
ITSM (Absolute Software)
(# Cos: 80 | $168M)
Continuity Management (VirtaMove)
(# Cos: 39 | $143M)
Backup and Disaster Recovery
(Rewind)
(# Cos: 26 | $138M)
Rewind
(2015, Ottawa, $79.9M)
Clickfree
(2005, Toronto, $25.0M)
Geminare
(2006, Toronto, $500K)
Rewind (2015, Ottawa)
$65.0M - Series B - Sep 2021

Klue (2015, Vancouver)
$62.0M - Series B - Dec 2021
Competitive Intelligence - Canada
30
38
Back to index
MarketingTech (Strikingly)
(# Cos: 1099 | $1.6B)
Marketing Intelligence (Integrate.ai)
(# Cos: 51 | $139M)
Competitive Intelligence (Klue)
(# Cos: 6 | $81.0M)
Taxonomy
Tech
Key Stats
Canada Tech
$62.0M (▲313%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$81.0M
1
-
6
1
Klue
RightMetric
(2018, Vancouver)
Wittycloud
(2018, Longueuil)

Bolt (2017, Toronto)
$60.2M - Series B - Nov 2021
Ecommerce Fulfillment Software -
Canada
31
39
Back to index
Logistics Tech (Nulogy)
(# Cos: 679 | $520M)
Ecommerce Logistics (Shipfusion)
(# Cos: 94 | $105M)
Fulfillment Enablers (Bolt)
(# Cos: 37 | $61.8M)
Taxonomy
Tech
Key Stats
Canada Tech
$60.2M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$61.8M
2
-
37
1
Bolt
(2017, Toronto, $60.2M)
Machool
Stalco
(1990, Toronto)

Bench (2012, Vancouver)
$60.0M - Series C - Jun 2021
Online Accounting Services - Canada
32
40
Back to index
Finance & Accounting Tech (FreshBooks)
(# Cos: 472 | $1.3B)
Tech-Enabled Services (H&R Block Canada)
(# Cos: 79 | $115M)
Accounting & Bookkeeping (Bench)
(# Cos: 53 | $115M)
Taxonomy
Tech
Key Stats
Canada Tech
$60.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$115M
1
-
53
1
Bench
Think Accounting
(2017, Mississauga)
Virtual Heights Accoun..
(2016, Vancouver)

Hi Mama (2013, Toronto)
$55.6M - Series B - Nov 2021
Kindertales (2011, Toronto)
$2.0M - Series B - Jun 2021
Pre School Management Software -
Canada
33
41
Back to index
Mom & Baby Care (Budge Studios)
(# Cos: 217 | $83.7M)
ChildCare Providers (Kindertales)
(# Cos: 33 | $70.2M)
Management Softwares (Hi Mama)
(# Cos: 10 | $69.6M)
Taxonomy
Tech
Key Stats
Canada Tech
$57.6M (▲787%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$69.6M
5
-
10
1
Hi Mama
(2013, Toronto, $61.1M)
Kindertales
(2011, Toronto, $8.5M)
Fastoche
(2012, Winnipeg)

Cryptocurrency Exchanges - Canada
34
42
Back to index
Taxonomy
Tech
Key Stats
Canada Tech
$55.0M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$61.4M
8
-
119
3
Cryptocurrencies (Coinsquare)
(# Cos: 572 | $438M)
Financial Services (Ledn)
(# Cos: 382 | $348M)
Investment Industry (CoinSmart)
(# Cos: 266 | $191M)
Crypto Exchanges (Shakepay)
(# Cos: 119 | $61.4M)
Shakepay
(2013, Montreal, $35.0M)
Newton
(2018, Toronto, $20.0M)
CoinField
(2017, Vancouver)
Shakepay (2013, Montreal)
$35.0M - Series A - Dec 2021
Newton (2018, Toronto)
$20.0M - Series B - Feb 2022
Firefly (2020, Toronto)
$6.4M - Seed - May 2021

ADA Compliance - Canada
35
43
Back to index
Taxonomy
Tech
Key Stats
Canada Tech
$55.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$71.0M
1
-
3
1
GRC Software (Intelex)
(# Cos: 259 | $897M)
Compliance (Verafin)
(# Cos: 176 | $703M)
IT Compliance (Feroot)
(# Cos: 21 | $94.3M)
ADA Compliance (eSSENTIAL
Accessibility)
(# Cos: 3 | $71.0M)
eSSENTIAL Accessibility
(2007, Toronto, $71.0M)
ACHECKS
(2021, Thornhill)
ADA Compliant
eSSENTIAL Accessibi.. (2007, Toronto)
$55.0M - Series C - May 2021

Internet First Inner Wear Brands -
Canada
36
44
Back to index
Taxonomy
Tech
Key Stats
Canada Tech
$53.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$58.7M
2
-
8
1
Fashion Tech (Frank And Oak)
(# Cos: 884 | $359M)
B2C Commerce (SoleSavy)
(# Cos: 816 | $343M)
Apparel (Sheertex)
(# Cos: 359 | $164M)
Inner Wear (Silly B Intimates)
(# Cos: 25 | $58.7M)
Multi Category (Lovella Bikini)
(# Cos: 22 | $58.7M)
Men and Women (UNDZ)
(# Cos: 14 | $58.7M)
Internet First Brand (Knix)
(# Cos: 8 | $58.7M)
Knix
(2012, Toronto, $58.7M)
UNDZ
(2010, Montreal)
Silly B Intimates
(2015, Toronto)
Knix (2012, Toronto)
$53.0M - Series B - May 2021

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