Thanks to its investment, strong government support and diverse talent pool, Toronto has recently established itself as one of the largest startup ecosystems in the world. With over 2,000 startups representing more than 30 percent of the country’s total, more continue to flock to the province. Be it simplifying homeownership, digitizing pharmaceutical care or comparing insurers to find users the best home and auto rates, these companies, though small in size, are making a big impact.
Startup Companies in Toronto
- Supernova Technology
- Homewise
- Secoda
- Pillway
- HyperComply
- YouSet
Startup Companies in Toronto to Know
HyperComply aims to expedite the process of sharing compliance information, automating security questionnaires and accelerating sales. Powered by machine learning, it was built to help companies respond to security questionnaires before being reviewed by a security specialist. HyperComply is fully remote but hosts in-person team gatherings and social events at its offices in the United States and Canada.
Homewise’s end-to-end homeownership platform helps Canadian mortgage shoppers save time and money by negotiating with a wide range of banks and lenders to find the best mortgage rates that meet their needs. The platform is completely free for users.
Supernova Technology aims to drive innovation in securities-based lending through its cloud-based solutions portfolio. Its customers include banks and registered investment advisors. The company hires in Toronto across specializations like business analysis and software engineering.
Starting in Toronto in 2017, Fello Agency is a marketing startup dedicated to helping clients grow their businesses through marketing strategies and creative services, including design, filmmaking and web development. Its client base spans manufacturing, fintech, defense, hardware and more.
Toronto-founded Somm is a wine recommendation app that aims to enhance users’ experiences with wine-focused hospitality offerings, such as wine tastings, vineyard tours and curated dining events. In 2022, the company expanded its services by acquiring DINR, an app specializing in same-day restaurant reservations. Both platforms now operate together under the name DINR Inc.
A fully registered digital pharmacy, Pillway leverages technology to simplify healthcare, providing access to doctors and pharmacists, free prescription delivery and ongoing support. The company has two offices countrywide.
Phaseshift Technologies, founded in Toronto, uses its intelligent Rapid Alloy Design platform to efficiently and sustainably design and evaluate advanced industrial materials for industries such as aerospace, mining and energy. In late 2024, the company secured $3 million in seed financing, led by Innospark Ventures.
Pluto Card is a spend management and workflow automation platform for businesses of all sizes. The platform streamlines company spending by eliminating the inefficiencies of manual processes and shared cards. It operates from three global offices, including one in Toronto.
Toronto-based Secoda is an AI-powered company that creates a single source of truth for an organization’s data by connecting and consolidating all data sources, models, pipelines, databases, warehouses and visualization tools into a unified data management platform. The team operates remotely but meets in person on a regular basis.
YouSet combines technology, data and human expertise to enable users to compare rates from major insurers in under four minutes. It recently launched a feature that allows customers to bundle home and auto policies from different providers, unlocking up to 15 percent in additional savings. Employees can work remotely or from the company’s Montréal office, making use of benefits like unlimited sick and mental health days, paid parental leave and monthly team activities and events.
