The economy of Canada is 9th largest in world, with a nominal GDP of USD 2.39 trillion. Canada economy is dominated by its service sector, comprising 70.2% of the GDP and employing 59.1% of the labour force. United States and European Union are the largest trading partner of Canada.
Canada has a thriving startup ecosystem supported by key factors like its location, access to sea routes with modernised ports, development of industries, developed cooperative banking sector, developed social market economy, rich in natural resources and also developed in exports top-ranked educational institutions and government regulations. The majority of Canada startups are located in Toronto, Vancouver and Ottawa.
We, at Tracxn, keep a track of the latest happenings in the world of startups and their associated ecosystems - including venture capital funds, private equity funds and investment banks amongst others.
In this edition, we have the ‘Soonicorn Club of CanadaTech 2025’– an exclusive list of the most promising CanadaTech startups that have also reached significant valuation milestones over the previous few years.