The Complete List of 33 Canadian Unicorn Startups Feb (2026)

February 12, 2026
The Complete List of 33 Canadian Unicorn Startups Feb (2026)
33 Canadian Unicorn Startups: Complete 2026 List

33 Canadian Unicorn Startups: The 2026 Complete List

Canada is currently the 8th largest unicorn creator in the world. As of February 2026, there are 33 privately held companies valued at $1 billion or more.

33. Waabi (2026)

A global leader in autonomous trucking using “Simulator-first” generative AI to train self-driving systems safely.

Valuation: $1.5B+
Location: Toronto
Sector: Autonomous Vehicles / AI
Investors: Khosla Ventures, NVIDIA
Visit waabi.ai

32. StackAdapt (2025)

An AI-powered programmatic advertising platform that automates multi-channel digital campaigns globally.

Valuation: $1.2B
Location: Toronto
Employees: 1,600+
Investors: OTPP, NIHL
Visit stackadapt.com

31. Cohere (2023)

Enterprise-grade large language models (LLMs) focused on high-level data security and private cloud deployment.

Valuation: $5.5B
Location: Toronto
Sector: Generative AI
Visit cohere.com

30. Xanadu (2022)

A quantum computing company building photonic processors accessible via the cloud for researchers and enterprise.

Valuation: $1.0B
Location: Toronto
Sector: Quantum Computing
Visit xanadu.ai

29. Nexii (2022)

Green construction technology manufacturing high-strength, low-carbon prefabricated building panels.

Valuation: $1.2B
Location: Vancouver
Visit nexii.com

28. Neo Financial (2022)

A leading fintech platform disrupting traditional banking with higher interest and integrated rewards.

Valuation: $1.0B
Location: Calgary
Visit neofinancial.com

27. Tailscale (2022)

A zero-config VPN built on WireGuard that makes it easy to connect devices securely over the internet.

Valuation: $1.5B
Location: Toronto
Visit tailscale.com

26. LayerZero Labs (2022)

An omnichain interoperability protocol that enables seamless communication across different blockchains.

Valuation: $3.0B
Location: Vancouver
Speed: Unicorn in 1.2 years
Visit layerzero.network

25. eSentire (2022)

Managed detection and response (MDR) services that protect companies from advanced cyberattacks.

Valuation: $1.1B
Location: Waterloo
Visit esentire.com

24. Axelar (2022)

A decentralized cross-chain communication network for Web3 developers and applications.

Valuation: $1.0B
Location: Toronto
Visit axelar.network

23. 1Password (2022)

Global password manager and security solution used by millions of individuals and 100,000+ businesses.

Valuation: $6.8B
Location: Toronto
Visit 1password.com

22. Assent (2022)

Supply chain sustainability management tools to ensure ethical sourcing and regulatory compliance.

Valuation: $1.0B
Location: Ottawa
Visit assent.com

21. Figment (2021)

Institutional staking services and data infrastructure for blockchain networks and investors.

Valuation: $1.4B
Location: Toronto
Visit figment.io

20. Blockstream (2021)

A Bitcoin infrastructure company building the Liquid sidechain and secure cold storage hardware.

Valuation: $3.2B
Location: Montreal
Visit blockstream.com

19. FreshBooks (2021)

Cloud-based accounting and invoicing software designed specifically for self-employed professionals.

Valuation: $1.0B
Location: Toronto
Visit freshbooks.com

18. Visier (2021)

An analytics platform providing deep insights into workforce productivity and talent retention.

Valuation: $1.0B
Location: Vancouver
Visit visier.com

17. SSENSE (2021)

A high-end luxury e-commerce platform blending digital retail with avant-garde editorial content.

Valuation: $4.1B
Location: Montreal
Visit ssense.com

16. Trulioo (2021)

Identity verification technology helping businesses comply with global KYC and AML regulations.

Valuation: $1.75B
Location: Vancouver
Visit trulioo.com

15. Tenstorrent (2021)

A next-gen computing company building high-performance AI processors and software stacks.

Valuation: $2.6B
Location: Toronto
Visit tenstorrent.com

14. Ada (2021)

An AI-powered customer service automation platform that powers billions of interactions for brands.

Valuation: $1.2B
Location: Toronto
Visit ada.cx

13. Clio (2021)

Cloud-based practice management software for the legal industry, streamlining case and client management.

Valuation: $3.0B
Location: Burnaby
Visit clio.com

12. Clearco (2021)

Uses AI to provide non-dilutive capital to e-commerce startups in exchange for future revenue.

Valuation: $2.0B
Location: Toronto
Visit clear.co

11. Hopper (2021)

A travel app that helps users find and book the best deals on flights and hotels through price prediction.

Valuation: $5.0B
Location: Montreal
Visit hopper.com

10. Dapper Labs (2021)

The creators of Flow blockchain and NBA Top Shot, leading the world in digital collectibles and NFTs.

Valuation: $7.6B
Location: Vancouver
Visit dapperlabs.com

9. Benevity (2020)

Corporate social responsibility software helping enterprises manage employee giving and volunteering.

Valuation: $1.1B
Location: Calgary
Visit benevity.com

8. Wealthsimple (2020)

Canada’s largest digital financial platform offering investing, tax, and banking services to millions.

Valuation: $5.0B
Location: Toronto
Visit wealthsimple.com

7. ApplyBoard (2020)

An AI-powered platform connecting international students with academic institutions globally.

Valuation: $4.0B
Location: Kitchener
Visit applyboard.com

6. Nuvei (2019)

A global payment technology provider helping businesses offer seamless mobile and in-store payments.

Valuation: $4.0B+
Location: Montreal
Visit nuvei.com

5. Coveo (2019)

AI search and recommendation technology that personalizes digital experiences for enterprise customers.

Valuation: $1.1B
Location: Quebec City
Visit coveo.com

4. PointClickCare (2018)

A cloud-based healthcare platform that connects the entire ecosystem of senior and long-term care.

Valuation: $5.0B
Location: Mississauga
Visit pointclickcare.com

3. LeddarTech (2017)

Specializes in environmental sensing solutions for autonomous driving and ADAS systems.

Valuation: $1.0B
Location: Quebec City
Visit leddartech.com

2. Hootsuite (2014)

One of the pioneers of social media management, helping businesses engage with audiences globally.

Valuation: $1.0B
Location: Vancouver
Visit hootsuite.com

1. Shopify (2013)

Canada’s flagship tech success, providing the commerce platform that powers millions of merchants worldwide.

Valuation: $100B+ (Market Cap)
Location: Ottawa
Visit shopify.com

Frequently Asked Questions

1. How many unicorn startups are in Canada? As of February 2026, Canada has 33 privately held unicorn startups valued at $1 billion or more.
2. Which city has the most Canadian unicorns? Toronto leads the country with 13 unicorn companies.
3. Who is the newest unicorn on this list? Waabi joined the list in late January 2026 after a major Series C funding round.
4. What is the fastest company to hit $1B in Canada? LayerZero Labs achieved unicorn status in just 1 year and 2 months.
5. What is the most valuable private unicorn in Canada? Dapper Labs ($7.6B) and 1Password ($6.8B) are among the most valuable private companies.
6. How many Canadian companies have gone public after being unicorns? Exits include Shopify, Nuvei, and Coveo, which are now public entities.
7. What sector produces the most unicorns? Enterprise Applications (SaaS) is the top sector, accounting for 19 of the 33 companies.
8. How does Canada rank globally? Canada currently ranks 8th in the world for total unicorn creation.
9. Where is the oldest unicorn located? Shopify, Canada’s first unicorn (2013), is based in Ottawa.
10. Where can I find more Canadian startup news? Follow Beststartup.ca for real-time updates on the Canadian tech ecosystem.

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