SaaS & enterprise startups in Toronto

Dave Teare, Sara Teare, Roustem Karimov, Natalia Karimov

Founded 2005 in Toronto by two couples; the password/secrets manager began as a weekend project and became one of Canada's most valuable software firms. Used by 165,000+ businesses (IBM, Slack, Salesforce). ...

Razor Suleman

Founded 2002 in Toronto (as I Love Rewards); employee recognition, rewards and engagement HR-SaaS. ~US$155M revenue; now operates as a subsidiary of Blackhawk Network with co-HQs in Toronto, Australia and Ma...

Mike Murchison, David Hariri

Founded 2016 in Toronto (U of Toronto roots); AI-native customer-experience automation platform used by Meta, Shopify, Verizon, Telus and Upwork. Raised a US$130M Series C in 2021 at a US$1.2B+ valuation (Sp...

Benjamin Alarie, Anthony Niblett, Albert Yoon, Brett Janssen

Founded 2015 in Toronto by U of T law professors; generative-AI tax and legal research platform delivering citation-backed answers from authoritative sources (pivoted from a prediction engine to GenAI in 202...

Healthcare SaaS platform for aesthetic/elective medical practices; secured ~$20M in funding. Represents the Mississauga enterprise + healthcare-software cluster.

Enterprise LLM / NLP infrastructure company founded by Aidan Gomez, Ivan Zhang, and Nick Frosst (U of T / "Attention Is All You Need" lineage). Has raised ~$1.64B total; secured up to $240M CAD from the Gove...

David Ossip

Dayforce cloud HCM was founded 2008/2009 in Toronto by David Ossip; acquired by Ceridian in 2012, after which Ossip became CEO and rebranded the whole company to Dayforce in 2024. Global cloud HCM/payroll/wo...

Claudio Erba

Founded 2005 by Claudio Erba (originally in Italy); AI-powered learning management system (Docebo Learn). Corporate HQ is now Toronto. IPO'd on the TSX in Oct 2019 and dual-listed on Nasdaq (DCBO) in Dec 202...

Stuart Lombard

Founded 2007 in Toronto; launched the first smart Wi-Fi thermostat (2008) and built a connected-home platform of devices plus cloud services/energy software. Acquired by Generac in 2021; remains Toronto-HQ'd...

Hossein Rahnama

Founded 2013 in Toronto (Ryerson/TMU spinout); context-as-a-service / data personalization platform that unifies disparate data sources to power personalized customer experiences, primarily for financial ins...

US firm Forum Ventures established an AI venture studio in Toronto (from 2023), securing ~$21.5M USD (~$30.2M CAD) across two funds to build AI-native B2B SaaS companies — a signal of Toronto's pull as a pla...

Mike McDerment, Levi Cooperman, Joe Sawada

Founded 2004 in Toronto (started in McDerment's parents' basement); cloud accounting and invoicing SaaS for small and medium businesses. Grew to ~US$55M+ ARR and a ~US$1B valuation; operates across North Ame...

All-in-one HR, payroll, and benefits platform for Canadian SMBs (4,000+ businesses), founded by Kevin Kliman and Matt Loszak. Raised a $15M Series A and later a $31M CAD Series B led by Kensington Capital Pa...

Michael Serbinis, Todd Humphrey

Founded 2014 in Toronto by serial founder Mike Serbinis (previously sold Kobo and DocSpace); SaaS platform powering digital health/benefits experiences for benefits providers, governments and large payers. R...

Zak Hemraj, Matt York, Jafar Owainati

Founded 2014 in Toronto (bootstrapped for years); AI-powered RFP/RFI/DDQ and security-questionnaire response software serving 1,700+ global companies. Raised ~US$200M+. Note: co-founders Zak Hemraj and Jafar...

Ross Andrew Paquette

Founded ~2010/2011 in Toronto and bootstrapped (no outside investment for years); marketing automation, email and unified customer-engagement / commerce platform for B2C brands and retailers. Deloitte Techno...

Jason Tham, K. Donald Tham, Sean Kirby, Kevin Wong, Jason Yuen

Founded ~2002 in Toronto; cloud supply-chain platform for contract manufacturing, co-packing and external supply networks in CPG. Partners with OMP for life-sciences/chemical supply chains. Deep-domain enter...

Bryn Jones, Neil Chudleigh, Jonathan Mendes, Luke Swanek

Founded 2015 in Toronto; partner-ecosystem / partnerships and channel (PRM) SaaS with a marketplace network of 450,000+ partners. YC-backed. In April 2026 became part of AppDirect. Toronto partner-tech leader.

Long-term / senior-care cloud software leader, one of the GTA's largest healthtech companies; has raised ~CA$297M. A Mississauga enterprise-healthtech anchor.

Christopher Barnard, Rob MacLean

Founded 2000 in Toronto; loyalty-commerce platform powering ~60 of the world's leading reward/loyalty programs (airlines, hotels). Was public (TSX: PTS / Nasdaq: PCOM) until Montreal's Plusgrade acquired it ...

Darrell Heaps

Founded 2006 in Toronto; leading investor-relations (IR) operations software with the largest proprietary investor dataset, serving 2,600+ public companies. Went public then private via Sumeru Equity Partner...

Etai Mizrahi, Andrew McEwen

Founded 2021 in Toronto (YC-backed); AI-powered data catalog / governance, lineage and discovery platform for data teams. Raised ~US$16M (Series A led by Craft Ventures). Acquired by Atlassian in December 20...

Vitaly Pecherskiy, Ildar Shar, Yang Han

Founded 2014 in Toronto; AI-powered programmatic advertising / demand-side platform. ~1,300 employees across 19 markets. In Feb 2025 secured US$235M led by Ontario Teachers' Venture Growth at a ~US$2.5B valu...

Stephany Lapierre

Founded ~2014/2015 in Toronto; AI-driven Supplier Data Platform that autonomously enriches supplier/vendor master data across millions of global suppliers for procurement teams. Acquired by Supplier.io in Ap...

Mike Silagadze, Mohsen Shahini

Founded 2009 (started in Waterloo, now Toronto-HQ'd); higher-ed courseware and student-engagement SaaS used across North American universities. Backed by Georgian, Union Square Ventures and others. Toronto e...

Yoav Schwartz, Randy Frisch

Founded 2012 in Toronto; content-experience platform (martech) for building and personalizing buyer-journey content streams. Acquired by PathFactory in July 2024 (both are Toronto-area martech). Part of the ...

Don Mal, George Papayiannis, Rishi Grover

Founded 2011 in Toronto (built out of a co-founder's parents' basement); FP&A / financial planning platform native to Excel and Microsoft 365. Crossed US$100M revenue in 2024; raised ~US$476M total, includin...

Allen Lau, Ivan Yuen

Founded 2006 in Toronto; storytelling/social-publishing platform with a large creator community and a data/IP-licensing (Wattpad Studios/Webtoon) business. Acquired by South Korea's Naver in 2021 for ~US$600...