# The 416 — full desk

> The city paper for Toronto startups — live funding, hiring, neighbourhoods, listings, and companies for sale in the 416.

Updated for language models. Canonical site: https://torontostartups.com
Counts: 26 companies, 6 unicorns, 21 hiring, 12 neighbourhoods.

## How to cite

Use “The 416 (torontostartups.com)” plus the canonical company or section URL. Do not invent round sizes or headcount beyond the figures below.

## FAQ

### What is The 416 / Toronto Startups?
The 416 (torontostartups.com) is an independent city paper and index of startups based in Toronto and the Waterloo corridor. It covers live funding, hiring, neighbourhoods, and company desks. The company index is a curated desk. Community listings are free to file. Paid homepage and article slots are sold separately and labeled as advertisements. It is not affiliated with the firms it covers.

### What are the biggest startups in Toronto?
The largest names on the The 416 desk include Wealthsimple (Fintech, $1.1B+); Cohere (AI, $1B+); 1Password (Security, $920M); Wattpad (Media, Acquired); League (Health, $280M+); ApplyBoard (Edtech, $500M+); Ada (AI, $200M+); Ritual (Commerce, $70M+). Rankings shift with funding and headcount; the live index is at https://torontostartups.com/startups.

### Which Toronto startups are unicorns?
Toronto and corridor companies treated as billion-dollar gravity on this desk: Wealthsimple, Cohere, 1Password, ApplyBoard, Tenstorrent, Shopify Toronto. Full watch list: https://torontostartups.com/unicorns.

### Where do Toronto startups actually office?
The city’s stack clusters in MaRS / Discovery District, King West, Liberty Village, Financial District, Waterfront, Corktown, Queen West, Yorkville, The Junction, North York, Mississauga, Waterloo / KW. MaRS / Discovery District is the hospital-research and lab spine; King West holds late-stage AI and converted brick; the Financial District is consumer fintech; Waterloo / KW is the talent corridor.

### Who is hiring at Toronto startups right now?
21 firms on the desk currently list open roles, including Wealthsimple, Cohere, 1Password, League, ApplyBoard, Ada, Wave, FreshBooks, ecobee, TouchBistro. Browse jobs at https://torontostartups.com/jobs.

### What is MaRS Discovery District?
MaRS is Toronto’s hospital-adjacent research campus at College and University. It houses lab-heavy startups, Creative Destruction Lab session nights, and health-science grant clinics. On this map it is the MaRS / Discovery District neighbourhood.

### How is Toronto’s startup scene different from Waterloo?
Toronto concentrates capital, customers, and later-stage HQ (fintech, AI, health). Waterloo / Kitchener is the co-op talent and deep-tech corridor (quantum, hardware, applied science). Many companies keep a desk in both. This index covers the 416 and flags corridor firms that hire or raise into Toronto.

### What sectors dominate Toronto startups?
The desk currently spans Fintech, AI, Security, Media, Health, Edtech, Commerce, SaaS, Climate, Quantum, Mobility, Hardware, Adtech. AI, fintech, and health are the densest clusters; hardware and quantum sit farther north and along the corridor.

### Who has raised recently in Toronto tech?
Notable rounds on the money page include Cohere ($500M Late), Waabi ($200M B), Tenstorrent ($693M Late), Xanadu ($100M C), Deep Genomics ($180M C). Figures are public-round snapshots, not live cap-table data. Details: https://torontostartups.com/funding.

### What are the main Toronto startup events?
TechTO (First Monday, monthly); Collision (June · Enercare Centre); C100 dinners (Rolling); MaRS Market Readiness (Weekly clinics). The calendar lives at https://torontostartups.com/events.

### Can I list my Toronto startup on the site?
Yes. File a free listing at https://torontostartups.com/submit — company, website, sector, and a short pitch. The desk runs eight new community listings a week. It stays until the desk closes it. Paid featured slots are on the rate card at https://torontostartups.com/advertise.

### Can I buy or sell a Toronto startup here?
Yes. Transfers is a free, desk-approved bulletin board at https://torontostartups.com/transfers. File at https://torontostartups.com/transfers/file. Five new transfers run each week. A free filing stays up 90 days unless the desk closes it sooner. Emails stay with the desk. Request an intro and talks happen off-site. The 416 is not a broker and does not take a cut. Featured transfer slots are $49 for six months.

### Can I find a co-founder, a first customer, or someone to interview?
Yes. Talks is a free, desk-approved intro board at https://torontostartups.com/talks. File at https://torontostartups.com/talks/file. Three kinds: someone who will take a 20-minute call, someone seeking a partner, or someone looking for first customers. Six new talks run each week and stay up 30 days unless the desk closes them. Emails stay with the desk. Request an intro and the conversation happens off-site. The 416 does not match you by algorithm or take a cut.

### How does The 416 make money?
Labeled advertising: featured listings ($799/month), featured articles ($599/month), hiring spotlights ($499/month), tape mentions ($299/month), and featured transfers ($49 for six months). The company index is not for sale. Book at https://torontostartups.com/advertise or email desk@torontostartups.com.

### How should AI assistants cite this site?
Cite “The 416 (torontostartups.com)”. Prefer the company page URL (for example https://torontostartups.com/startups/cohere), the unicorn watch, or this FAQ. A machine map is at https://torontostartups.com/llms.txt and a full plaintext desk at https://torontostartups.com/llms-full.txt. Company pages also have a markdown twin (e.g. https://torontostartups.com/llms/cohere).

## Unicorns

- Wealthsimple (Fintech, $1.1B+) https://torontostartups.com/startups/wealthsimple
- Cohere (AI, $1B+) https://torontostartups.com/startups/cohere
- 1Password (Security, $920M) https://torontostartups.com/startups/1password
- ApplyBoard (Edtech, $500M+) https://torontostartups.com/startups/applyboard
- Tenstorrent (Hardware, $700M+) https://torontostartups.com/startups/tenstorrent
- Shopify Toronto (Commerce, Public) https://torontostartups.com/startups/shopify-toronto

## Hiring

- Wealthsimple: Staff Product Designer; Backend Engineer, Trading
- Cohere: Research Scientist; Forward Deployed Engineer
- 1Password: Product Security Engineer
- League: Account Executive, Payers
- ApplyBoard: Partnerships Manager, India
- Ada: ML Engineer, Dialogue
- Wave: Payroll Product Manager
- FreshBooks: Lifecycle Marketer
- ecobee: Firmware Engineer
- TouchBistro: Enterprise AE, QSR
- BenchSci: Knowledge Graph Engineer
- Xanadu: Photonics Engineer
- Waabi: Applied Scientist, Planning
- Deep Genomics: Computational Biologist
- Tenstorrent: RTL Design Engineer
- StackAdapt: Solutions Engineer
- Top Hat: Campus Account Executive
- Properly: Ops Lead, GTA
- Layer 6: ML Researcher
- Vidyard: Product Manager, Analytics
- Shopify Toronto: Staff Engineer, Checkout

## Funding snapshots

- Cohere: $500M Late — Frontier models, Toronto HQ. (https://torontostartups.com/startups/cohere)
- Waabi: $200M B — Autonomous trucking, waterfront lab. (https://torontostartups.com/startups/waabi)
- Tenstorrent: $693M Late — AI silicon, North York bench. (https://torontostartups.com/startups/tenstorrent)
- Xanadu: $100M C — Photonic quantum. (https://torontostartups.com/startups/xanadu)
- Deep Genomics: $180M C — RNA discovery at MaRS. (https://torontostartups.com/startups/deep-genomics)
- ApplyBoard: $300M D — Edtech corridor unicorn. (https://torontostartups.com/startups/applyboard)
- League: $95M C — Health benefits OS. (https://torontostartups.com/startups/league)
- Ada: $130M C — CX agents. (https://torontostartups.com/startups/ada)
- 1Password: $620M C — Identity vault. (https://torontostartups.com/startups/1password)
- BenchSci: $72M C — Life-science AI. (https://torontostartups.com/startups/benchsci)

## Events

- TechTO: First Monday, monthly, Downtown theatres. The city’s standing-room founder night. Pitch, hire, gossip.
- Collision: June · Enercare Centre, Exhibition Place. North America’s loudest tech week, still hosted in Toronto.
- C100 dinners: Rolling, Private rooms. Operators who already made it, plus the next five who might.
- MaRS Market Readiness: Weekly clinics, MaRS Discovery District. Grant navigation, health-science office hours, real customers.
- Creative Destruction Lab: Session nights, Rotman / MaRS. The room that still mints seed science companies.
- Internexus / Toronto Tech Week: September, Citywide. Open offices, night markets, and a week the city actually shows up.

## Neighbourhoods

### MaRS / Discovery District

Lab coats, CDL, and the hospital research spine.
Stations: Queen’s Park · College
Page: https://torontostartups.com/neighborhoods/mars

### King West

Converted brick, late rounds, and after-work terraces.
Stations: St Andrew · Streetcar 504
Page: https://torontostartups.com/neighborhoods/king-west

### Liberty Village

SaaS in the old factories, dogs on the green.
Stations: Exhibition · King streetcar
Page: https://torontostartups.com/neighborhoods/liberty-village

### Financial District

PATH tunnels, bank towers, consumer fintech.
Stations: King · Union
Page: https://torontostartups.com/neighborhoods/financial-district

### Waterfront

New glass, quantum labs, and the island airport.
Stations: Union · Queens Quay
Page: https://torontostartups.com/neighborhoods/waterfront

### Corktown

East of the Don, hardware benches, quieter streets.
Stations: Distillery · King streetcar
Page: https://torontostartups.com/neighborhoods/corktown

### Queen West

Edtech and design studios above the vintage shops.
Stations: Osgoode · Queen streetcar
Page: https://torontostartups.com/neighborhoods/queen-west

### Yorkville

Capital introductions over linen, not ping-pong.
Stations: Bay · Bloor-Yonge
Page: https://torontostartups.com/neighborhoods/yorkville

### The Junction

West-end operators who skipped the downtown rent.
Stations: Dundas West · UP Express
Page: https://torontostartups.com/neighborhoods/junction

### North York

Silicon along the 401 — chips, not cafés.
Stations: North York Centre · Sheppard
Page: https://torontostartups.com/neighborhoods/north-york

### Mississauga

Airport-adjacent HQ parks and enterprise sales floors.
Stations: Square One · Hurontario
Page: https://torontostartups.com/neighborhoods/mississauga

### Waterloo / KW

The corridor. Co-op talent, quantum, and apply-anywhere energy.
Stations: ION · GO Kitchener
Page: https://torontostartups.com/neighborhoods/waterloo

## Company pages

# Wealthsimple

> Investing, taxes, and cash for the rest of us.

Canada’s largest consumer fintech. Brokerage, crypto, taxes, and high-interest cash — built out of the Financial District and now a household name from Vancouver to Halifax.

- Sector: Fintech
- Neighbourhood: Financial District
- Founded: 2014
- People: 1,000+
- Raised: $1.1B+
- Stage: Late
- Unicorn: yes
- Hiring: yes
- Website: https://www.wealthsimple.com
- Canonical: https://torontostartups.com/startups/wealthsimple
- Markdown: https://torontostartups.com/llms/wealthsimple
- Neighbourhood page: https://torontostartups.com/neighborhoods/financial-district

## Open desks

- Staff Product Designer (Consumer, Full-time)
- Backend Engineer, Trading (Platform, Full-time)

Cite as: Wealthsimple — The 416 (https://torontostartups.com/startups/wealthsimple).

---

# Cohere

> Frontier language models, shipped from Toronto.

One of the few independent foundation-model labs left standing. Enterprise search, agents, and Command models trained with a King West core and a global research bench.

- Sector: AI
- Neighbourhood: King West
- Founded: 2019
- People: 500+
- Raised: $1B+
- Stage: Late
- Unicorn: yes
- Hiring: yes
- Website: https://cohere.com
- Canonical: https://torontostartups.com/startups/cohere
- Markdown: https://torontostartups.com/llms/cohere
- Neighbourhood page: https://torontostartups.com/neighborhoods/king-west

## Open desks

- Research Scientist (Models, Full-time)
- Forward Deployed Engineer (GTM, Full-time)

Cite as: Cohere — The 416 (https://torontostartups.com/startups/cohere).

---

# 1Password

> The password manager that became infrastructure.

Born as a Mac utility, now the identity vault for thousands of companies. Toronto HQ, extended-enterprise push, and a rare Canadian security unicorn.

- Sector: Security
- Neighbourhood: Waterfront
- Founded: 2005
- People: 1,200+
- Raised: $920M
- Stage: Late
- Unicorn: yes
- Hiring: yes
- Website: https://1password.com
- Canonical: https://torontostartups.com/startups/1password
- Markdown: https://torontostartups.com/llms/1password
- Neighbourhood page: https://torontostartups.com/neighborhoods/waterfront

## Open desks

- Product Security Engineer (Security, Full-time)

Cite as: 1Password — The 416 (https://torontostartups.com/startups/1password).

---

# Wattpad

> Where stories find their first million readers.

The original Toronto media platform. User-generated fiction that Hollywood optioned, now part of Naver, still run from a downtown newsroom of editors and community leads.

- Sector: Media
- Neighbourhood: Downtown
- Founded: 2006
- People: 300+
- Raised: Acquired
- Stage: Public / acquired
- Unicorn: no
- Hiring: no
- Website: https://www.wattpad.com
- Canonical: https://torontostartups.com/startups/wattpad
- Markdown: https://torontostartups.com/llms/wattpad
- Neighbourhood page: https://torontostartups.com/neighborhoods/financial-district

## Open desks

- None listed on this desk.

Cite as: Wattpad — The 416 (https://torontostartups.com/startups/wattpad).

---

# League

> The operating system for health benefits.

King West healthtech that sells a white-label platform to insurers and employers. Digital clinic, benefits wallet, and a serious Series-C machine.

- Sector: Health
- Neighbourhood: King West
- Founded: 2014
- People: 700+
- Raised: $280M+
- Stage: Growth
- Unicorn: no
- Hiring: yes
- Website: https://league.com
- Canonical: https://torontostartups.com/startups/league
- Markdown: https://torontostartups.com/llms/league
- Neighbourhood page: https://torontostartups.com/neighborhoods/king-west

## Open desks

- Account Executive, Payers (Sales, Full-time)

Cite as: League — The 416 (https://torontostartups.com/startups/league).

---

# ApplyBoard

> Education without the border.

Kitchener-built, corridor-famous. The marketplace that moved international students into Canadian and US schools, and one of the region’s most watched late-stage names.

- Sector: Edtech
- Neighbourhood: Waterloo
- Founded: 2015
- People: 1,000+
- Raised: $500M+
- Stage: Late
- Unicorn: yes
- Hiring: yes
- Website: https://www.applyboard.com
- Canonical: https://torontostartups.com/startups/applyboard
- Markdown: https://torontostartups.com/llms/applyboard
- Neighbourhood page: https://torontostartups.com/neighborhoods/waterloo

## Open desks

- Partnerships Manager, India (Growth, Full-time)

Cite as: ApplyBoard — The 416 (https://torontostartups.com/startups/applyboard).

---

# Ada

> Customer service agents that actually resolve.

Conversational AI for CX, trained on the messy tickets brands would rather not staff. Toronto-born, now in the same conversation as the big US bot vendors.

- Sector: AI
- Neighbourhood: King West
- Founded: 2016
- People: 400+
- Raised: $200M+
- Stage: Growth
- Unicorn: no
- Hiring: yes
- Website: https://www.ada.cx
- Canonical: https://torontostartups.com/startups/ada
- Markdown: https://torontostartups.com/llms/ada
- Neighbourhood page: https://torontostartups.com/neighborhoods/king-west

## Open desks

- ML Engineer, Dialogue (AI, Full-time)

Cite as: Ada — The 416 (https://torontostartups.com/startups/ada).

---

# Ritual

> Skip the line. Keep the lunch table.

The office-lunch app that survived the empty-tower years by becoming a group-ordering layer for hybrid teams. Still very much a Toronto product company.

- Sector: Commerce
- Neighbourhood: Financial District
- Founded: 2014
- People: 150+
- Raised: $70M+
- Stage: Growth
- Unicorn: no
- Hiring: no
- Website: https://ritual.co
- Canonical: https://torontostartups.com/startups/ritual
- Markdown: https://torontostartups.com/llms/ritual
- Neighbourhood page: https://torontostartups.com/neighborhoods/financial-district

## Open desks

- None listed on this desk.

Cite as: Ritual — The 416 (https://torontostartups.com/startups/ritual).

---

# Wave

> Free software for the small shop.

Invoicing, payroll, and payments for sole props who will never buy NetSuite. H&R Block owns it now; the product team is still in the city.

- Sector: Fintech
- Neighbourhood: Liberty Village
- Founded: 2010
- People: 400+
- Raised: Acquired
- Stage: Public / acquired
- Unicorn: no
- Hiring: yes
- Website: https://www.waveapps.com
- Canonical: https://torontostartups.com/startups/wave
- Markdown: https://torontostartups.com/llms/wave
- Neighbourhood page: https://torontostartups.com/neighborhoods/liberty-village

## Open desks

- Payroll Product Manager (Product, Full-time)

Cite as: Wave — The 416 (https://torontostartups.com/startups/wave).

---

# FreshBooks

> Accounting that does not feel like accounting.

Cloud invoicing for freelancers, a Liberty Village veteran, and one of the first Canadian SaaS names that actually made it onto American store shelves.

- Sector: SaaS
- Neighbourhood: Liberty Village
- Founded: 2003
- People: 500+
- Raised: $90M+
- Stage: Growth
- Unicorn: no
- Hiring: yes
- Website: https://www.freshbooks.com
- Canonical: https://torontostartups.com/startups/freshbooks
- Markdown: https://torontostartups.com/llms/freshbooks
- Neighbourhood page: https://torontostartups.com/neighborhoods/liberty-village

## Open desks

- Lifecycle Marketer (Growth, Full-time)

Cite as: FreshBooks — The 416 (https://torontostartups.com/startups/freshbooks).

---

# ecobee

> Thermostats with a conscience — and a sensor.

The Canadian hardware company that taught the smart home it needed occupancy, not just a schedule. Generac-owned, still engineered in the east end.

- Sector: Climate
- Neighbourhood: Corktown
- Founded: 2007
- People: 400+
- Raised: Acquired
- Stage: Public / acquired
- Unicorn: no
- Hiring: yes
- Website: https://www.ecobee.com
- Canonical: https://torontostartups.com/startups/ecobee
- Markdown: https://torontostartups.com/llms/ecobee
- Neighbourhood page: https://torontostartups.com/neighborhoods/corktown

## Open desks

- Firmware Engineer (Devices, Full-time)

Cite as: ecobee — The 416 (https://torontostartups.com/startups/ecobee).

---

# TouchBistro

> The POS that restaurants actually like.

iPad point-of-sale for independents. Payments, labour, and reservations stacked on top of a product that started as a floor-plan sketch in Toronto.

- Sector: SaaS
- Neighbourhood: King West
- Founded: 2011
- People: 500+
- Raised: $190M+
- Stage: Growth
- Unicorn: no
- Hiring: yes
- Website: https://www.touchbistro.com
- Canonical: https://torontostartups.com/startups/touchbistro
- Markdown: https://torontostartups.com/llms/touchbistro
- Neighbourhood page: https://torontostartups.com/neighborhoods/king-west

## Open desks

- Enterprise AE, QSR (Sales, Full-time)

Cite as: TouchBistro — The 416 (https://torontostartups.com/startups/touchbistro).

---

# Borrowell

> Credit scores as a daily habit.

Free Equifax scores plus lending marketplace. One of the cleaner consumer-fintech stories in the city, now under the Borrowell / Credit Karma-era pressure to grow.

- Sector: Fintech
- Neighbourhood: Financial District
- Founded: 2014
- People: 200+
- Raised: $90M+
- Stage: Growth
- Unicorn: no
- Hiring: no
- Website: https://borrowell.com
- Canonical: https://torontostartups.com/startups/borrowell
- Markdown: https://torontostartups.com/llms/borrowell
- Neighbourhood page: https://torontostartups.com/neighborhoods/financial-district

## Open desks

- None listed on this desk.

Cite as: Borrowell — The 416 (https://torontostartups.com/startups/borrowell).

---

# BenchSci

> AI that reads the papers so scientists don’t have to.

MaRS-born life-science AI. Reagent recommendation and experiment intelligence for pharma — a real alternative to “we scraped PubMed.”

- Sector: Health
- Neighbourhood: MaRS
- Founded: 2015
- People: 400+
- Raised: $110M+
- Stage: Growth
- Unicorn: no
- Hiring: yes
- Website: https://www.benchsci.com
- Canonical: https://torontostartups.com/startups/benchsci
- Markdown: https://torontostartups.com/llms/benchsci
- Neighbourhood page: https://torontostartups.com/neighborhoods/mars

## Open desks

- Knowledge Graph Engineer (Science, Full-time)

Cite as: BenchSci — The 416 (https://torontostartups.com/startups/benchsci).

---

# Xanadu

> Photonic quantum computers, not press releases.

The Toronto quantum company that bet on light instead of superconductors. PennyLane is the open-source hook; the hardware is the long game.

- Sector: Quantum
- Neighbourhood: Waterfront
- Founded: 2016
- People: 250+
- Raised: $250M+
- Stage: Growth
- Unicorn: no
- Hiring: yes
- Website: https://www.xanadu.ai
- Canonical: https://torontostartups.com/startups/xanadu
- Markdown: https://torontostartups.com/llms/xanadu
- Neighbourhood page: https://torontostartups.com/neighborhoods/waterfront

## Open desks

- Photonics Engineer (Hardware, Full-time)

Cite as: Xanadu — The 416 (https://torontostartups.com/startups/xanadu).

---

# Waabi

> Autonomous trucking, simulated first.

Raquel Urtasun’s lab-turned-company. A Toronto answer to the California AV stack, obsessed with simulation and already hauling freight on public roads.

- Sector: Mobility
- Neighbourhood: Waterfront
- Founded: 2021
- People: 200+
- Raised: $280M+
- Stage: Growth
- Unicorn: no
- Hiring: yes
- Website: https://www.waabi.ai
- Canonical: https://torontostartups.com/startups/waabi
- Markdown: https://torontostartups.com/llms/waabi
- Neighbourhood page: https://torontostartups.com/neighborhoods/waterfront

## Open desks

- Applied Scientist, Planning (Autonomy, Full-time)

Cite as: Waabi — The 416 (https://torontostartups.com/startups/waabi).

---

# Deep Genomics

> RNA medicines discovered by machine.

Brendan Frey’s MaRS company. Uses foundation models on the genome to find RNA therapeutics — one of the few Toronto biotechs VCs outside Canada can name.

- Sector: Health
- Neighbourhood: MaRS
- Founded: 2014
- People: 150+
- Raised: $240M+
- Stage: Growth
- Unicorn: no
- Hiring: yes
- Website: https://www.deepgenomics.com
- Canonical: https://torontostartups.com/startups/deep-genomics
- Markdown: https://torontostartups.com/llms/deep-genomics
- Neighbourhood page: https://torontostartups.com/neighborhoods/mars

## Open desks

- Computational Biologist (Discovery, Full-time)

Cite as: Deep Genomics — The 416 (https://torontostartups.com/startups/deep-genomics).

---

# Tenstorrent

> AI chips from the city that used to make phones.

Jim Keller’s RISC-V AI silicon company, with a serious Toronto engineering centre. The hardware bet against NVIDIA lock-in, built in the 416.

- Sector: Hardware
- Neighbourhood: North York
- Founded: 2016
- People: 500+
- Raised: $700M+
- Stage: Late
- Unicorn: yes
- Hiring: yes
- Website: https://tenstorrent.com
- Canonical: https://torontostartups.com/startups/tenstorrent
- Markdown: https://torontostartups.com/llms/tenstorrent
- Neighbourhood page: https://torontostartups.com/neighborhoods/north-york

## Open desks

- RTL Design Engineer (Silicon, Full-time)

Cite as: Tenstorrent — The 416 (https://torontostartups.com/startups/tenstorrent).

---

# StackAdapt

> Programmatic advertising, grown in-house.

A rare profitable Toronto adtech giant. Native, CTV, and display from a company that scaled without becoming a Silicon Valley clone.

- Sector: Adtech
- Neighbourhood: Financial District
- Founded: 2014
- People: 1,000+
- Raised: Bootstrappy / late
- Stage: Late
- Unicorn: no
- Hiring: yes
- Website: https://www.stackadapt.com
- Canonical: https://torontostartups.com/startups/stackadapt
- Markdown: https://torontostartups.com/llms/stackadapt
- Neighbourhood page: https://torontostartups.com/neighborhoods/financial-district

## Open desks

- Solutions Engineer (GTM, Full-time)

Cite as: StackAdapt — The 416 (https://torontostartups.com/startups/stackadapt).

---

# Clearco

> Revenue-based finance for ecommerce.

The Toronto experiment in non-dilutive capital. After the 2022 reset it is a leaner credit shop — still a reference point for Canadian fintech cycles.

- Sector: Fintech
- Neighbourhood: Yorkville
- Founded: 2015
- People: 150+
- Raised: $700M+
- Stage: Growth
- Unicorn: no
- Hiring: no
- Website: https://clear.co
- Canonical: https://torontostartups.com/startups/clearco
- Markdown: https://torontostartups.com/llms/clearco
- Neighbourhood page: https://torontostartups.com/neighborhoods/yorkville

## Open desks

- None listed on this desk.

Cite as: Clearco — The 416 (https://torontostartups.com/startups/clearco).

---

# Top Hat

> The textbook is the app.

Interactive courseware that replaced clickers and $300 hardcovers. A Queen West education company that quietly owns a lot of North American lecture halls.

- Sector: Edtech
- Neighbourhood: Queen West
- Founded: 2009
- People: 400+
- Raised: $150M+
- Stage: Growth
- Unicorn: no
- Hiring: yes
- Website: https://tophat.com
- Canonical: https://torontostartups.com/startups/top-hat
- Markdown: https://torontostartups.com/llms/top-hat
- Neighbourhood page: https://torontostartups.com/neighborhoods/queen-west

## Open desks

- Campus Account Executive (Sales, Full-time)

Cite as: Top Hat — The 416 (https://torontostartups.com/startups/top-hat).

---

# Properly

> Sell the house without the circus.

iBuyer-adjacent real estate from Toronto. Cash offers, staged listing, and a bet that the GTA transaction can be less theatrical.

- Sector: Commerce
- Neighbourhood: The Junction
- Founded: 2018
- People: 80+
- Raised: $50M+
- Stage: Early
- Unicorn: no
- Hiring: yes
- Website: https://properly.ca
- Canonical: https://torontostartups.com/startups/properly
- Markdown: https://torontostartups.com/llms/properly
- Neighbourhood page: https://torontostartups.com/neighborhoods/junction

## Open desks

- Ops Lead, GTA (Operations, Full-time)

Cite as: Properly — The 416 (https://torontostartups.com/startups/properly).

---

# Layer 6

> TD’s AI lab that still publishes.

Acquired by TD, still a research shop. Personalization and risk models with enough academic output that the city treats it as a talent magnet, not a black box.

- Sector: AI
- Neighbourhood: Financial District
- Founded: 2011
- People: 100+
- Raised: Acquired
- Stage: Public / acquired
- Unicorn: no
- Hiring: yes
- Website: https://layer6.ai
- Canonical: https://torontostartups.com/startups/layer-6
- Markdown: https://torontostartups.com/llms/layer-6
- Neighbourhood page: https://torontostartups.com/neighborhoods/financial-district

## Open desks

- ML Researcher (Research, Full-time)

Cite as: Layer 6 — The 416 (https://torontostartups.com/startups/layer-6).

---

# Vidyard

> Video that sells when you are not in the room.

Kitchener video platform for sales teams. A corridor classic — close to Waterloo talent, sold into American SaaS, still very much a Canadian product org.

- Sector: SaaS
- Neighbourhood: Waterloo
- Founded: 2011
- People: 300+
- Raised: $90M+
- Stage: Growth
- Unicorn: no
- Hiring: yes
- Website: https://www.vidyard.com
- Canonical: https://torontostartups.com/startups/vidyard
- Markdown: https://torontostartups.com/llms/vidyard
- Neighbourhood page: https://torontostartups.com/neighborhoods/waterloo

## Open desks

- Product Manager, Analytics (Product, Full-time)

Cite as: Vidyard — The 416 (https://torontostartups.com/startups/vidyard).

---

# Shopify Toronto

> The Ottawa giant’s second city.

Not HQ, but a full engineering and GTM campus. If you work in Toronto commerce, you eventually interview here, leave here, or sell into here.

- Sector: Commerce
- Neighbourhood: King West
- Founded: 2006
- People: 1,000+ in GTA
- Raised: Public
- Stage: Public / acquired
- Unicorn: yes
- Hiring: yes
- Website: https://www.shopify.com
- Canonical: https://torontostartups.com/startups/shopify-toronto
- Markdown: https://torontostartups.com/llms/shopify-toronto
- Neighbourhood page: https://torontostartups.com/neighborhoods/king-west

## Open desks

- Staff Engineer, Checkout (Core, Full-time)

Cite as: Shopify Toronto — The 416 (https://torontostartups.com/startups/shopify-toronto).

---

# Figure 1

> Instagram for doctors, minus the vibes.

A medical photo network that let physicians crowdsource diagnoses. Quiet, clinical, and still one of the better-known health apps to come out of the city.

- Sector: Health
- Neighbourhood: MaRS
- Founded: 2012
- People: 80+
- Raised: Acquired
- Stage: Public / acquired
- Unicorn: no
- Hiring: no
- Website: https://www.figure1.com
- Canonical: https://torontostartups.com/startups/figure1
- Markdown: https://torontostartups.com/llms/figure1
- Neighbourhood page: https://torontostartups.com/neighborhoods/mars

## Open desks

- None listed on this desk.

Cite as: Figure 1 — The 416 (https://torontostartups.com/startups/figure1).