The Fastest-Growing Canadian Unicorns
A company that is not publicly traded but has managed to attain a valuation of $1 billion or more is typically referred to as a unicorn company.
When a startup company achieves a $1 billion valuation without going public, it joins an elite group known as unicorn companies. These uncommon businesses are highly sought after by investors and are regarded as among the most successful in the startup world.
TOTAL UNICORN COMPANIES IN THE WORLD = 1,209+
TOTAL CUMULATIVE VALUATION = $3,842+ billion
TOTAL UNICORN COMPANIES IN CANADA = 20 (as of Jan 2023)
TOTAL CUMULATIVE VALUATION = $49.5+ billion
| NO. | Company | Valuation ($B) | Industry |
|---|---|---|---|
| 1 | Dapper Labs | $7.6 | Internet software & services |
| 2 | 1Password | $6.8 | Cybersecurity |
| 3 | Hopper | $5 | Travel |
| 4 | SSENSE | $4.15 | E-commerce & direct-to-consumer |
| 5 | PointClickCare | $4 | Internet software & services |
| 6 | Blockstream | $3.2 | Fintech |
| 7 | ApplyBoard | $3.2 | Edtech |
| 8 | Clearco | $2 | Fintech |
| 9 | Trulioo | $1.75 | Cybersecurity |
| 10 | Clio | $1.6 | Internet software & services |
| 11 | Figment | $1.4 | Internet software & services |
| 12 | Nexii | $1.23 | Other |
| 13 | Ada Support | $1.2 | Artificial intelligence |
| 14 | eSentire | $1.1 | Cybersecurity |
| 15 | Xanadu | $1 | Hardware |
| 16 | TensTorrent | $1 | Artificial intelligence |
| 17 | Visier | $1 | Internet software & services |
| 18 | Freshbooks | $1 | Fintech |
| 19 | Assent | $1 | Supply chain, logistics, & delivery |
| 20 | Axelar | $1 | Internet software & services |