Toronto Startup Funding 2025

Canada's largest startup ecosystem and financial capital. Toronto leads in fintech, AI, and enterprise software with the strongest VC funding scene, deepest talent pool, and connections to global financial institutions.

$8.5B+
Ecosystem Size
8,000+
Active Startups
$2.1M
Average Funding
12
Unicorn Companies

Why Start Up in Toronto?

Key Strengths

  • Largest VC funding market in Canada
  • World-leading AI research (Vector Institute)
  • Major financial services hub (fintech)
  • Deep enterprise software ecosystem
  • Largest talent pool in Canada
  • Strong connections to US markets

Top Industries

AI & Machine Learning
Fintech & Financial Services
Enterprise SaaS
E-commerce & Marketplaces
Healthtech & Digital Health
Cybersecurity

Toronto Funding Programs

Government grants, tax credits, and local programs available to Toronto startups

Ontario SR&ED Tax Credit

3.5% provincial + 35% federal

Provincial tax credit combining with federal SR&ED

Ontario Capital Growth Corporation

$500K - $5M

Co-investment fund for high-growth companies

Toronto Innovation Acceleration Partners

Varies by program

Supports innovation districts and startup growth

MaRS Discovery District Programs

Up to $250K

Various programs for tech startups including financing support

Toronto Accelerators & Incubators

Programs that provide funding, mentorship, and resources to help your startup grow

Creative Destruction Lab (CDL)

Science-based, scalable companies

Network access + $100K avg follow-on

DMZ (Ryerson)

Tech startups across sectors

Up to $150K + mentorship

Next Canada

Early-stage tech ventures

Up to $50K equity-free

JOLT

Fintech and enterprise tech

Mentorship + investor access

Active Investors in Toronto

VCs, angels, and investment firms actively funding Toronto startups

Georgian Partners

VC Fund

B2B growth-stage software

OMERS Ventures

VC Fund

Late-stage tech companies

Real Ventures

VC Fund

Seed-stage tech startups

Inovia Capital

VC Fund

Early to growth stage tech

BDC Capital

Government VC

Tech companies across Canada

Toronto Success Stories

Inspiring companies that started and scaled from Toronto

Shopify

E-commerce Platform

$80B+ market cap, powers millions of stores

Wealthsimple

Fintech

Valued at $5B+, 3M+ users

TouchBistro

Restaurant Tech

Raised $200M+, serves 29K+ restaurants

League

Healthtech

Valued at $1B+, digital health platform

Toronto Startup Resources

Coworking Spaces

  • WeWork Toronto (multiple locations)
  • MaRS Discovery District
  • DMZ Sandbox
  • The Futurpreneur Commons
  • Workplace One

Universities

  • University of Toronto
  • Toronto Metropolitan University
  • York University
  • OCAD University

Key Events

  • Collision Conference
  • TechTO
  • Startupfest
  • CVCA Toronto
  • AI World Conference & Expo

Ready to Fund Your Toronto Startup?

Access SR&ED tax credits, local grants, and connect with Toronto's investor community

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