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1. TRACXN TOP BUSINESS MODELS REPORT
June 18, 2021
CANADA TECH

2. Canada Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Contents
CanadaCanada Tech Funding - Overview 3
Top Funded Business Models 4
One pagers 9
Appendix 59
2

3. Canada Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Funding in last 1 year
3
Big Data Analytics $1.0B
Investment Tech $720M
Finance & Accounting Tech $580M
PC & Console Gaming $576M
Higher Education Tech $504M
Data Center Infrastructure $488M
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
Y Combinator
BDC
Innovacorp
18
17
11
Early
Stage
BDC
Inovia Capital
Invest Quebec
28
12
8
Late
Stage
BDC
Export Development
Canada
Inovia Capital
10
9
6
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
$ Funding # Rounds
Databricks
(2013, Toronto)
$1.0B - Series G
Wealthsimple
(2014, Toronto)
$610M - Series F
eStruxture
(2017, Montreal)
$488M - Series B
Trulioo
(2011, Vancouver)
$394M - Series D
Amp
(2009, Mississauga)
$374M - PE
ApplyBoard
(2015, Kitchener)
$310M - Series D
Dapper Labs
(2018, Vancouver)
$305M - Series C
Dapper Labs
(2018, Vancouver)
$250M - Series B
Vena
(2011, Toronto)
$241M - Series C
Fraction
(2018, Vancouver)
$227M - Series D
Loopio
(2014, Toronto)
$200M - Series B
LIVEKINDLY
(2017, Vancouver)
$200M - Series D
Toronto (41%)
Vancouver (23%)
Montreal (10%)
Mississauga (5%)
Kitchener (4%)
Others (17%)

4. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Canada Tech - Top Funded Business Models - last 1 year (1/5)
4
Rank Business Model $ Funding # Rounds Top Funding Round Details
1<> 0 Data Science Platforms $1.0B 1 Databricks | $1.0B | Series G Link
2-- Robo Advisors $697M 3 Wealthsimple | $610M | Series F Link
3▲49 PC and Console Casual Game Developers $572M 4 Dapper Labs | $305M | Series C Link
4▲242 Datacenter Colocation $488M 1 eStruxture | $488M | Series B Link
5▲17 Identity Verification $394M 1 Trulioo | $394M | Series D Link
6▲10 Overseas College Recommendation Platforms $365M 2 ApplyBoard | $310M | Series D Link
7▲179 Financial Planning & Analysis Software $241M 1 Vena | $241M | Series C Link
8-- Sales RFP Response Automation $200M 1 Loopio | $200M | Series B Link
9-- Deep Learning Processing Units $200M 1 Tenstorrent | $200M | Series C Link
10▼2 Drugs for Multiple Cancer Types $174M 8 Virogin Biot.. | $80.0M | Series D Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

5. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Canada Tech - Top Funded Business Models - last 1 year (2/5)
5
Rank Business Model $ Funding # Rounds Top Funding Round Details
11▲52
Classroom Live Streaming Platform For Higher
Education
$130M 1 Top Hat | $130M | Series E Link
12-- Cardiac Rhythm Disorder Treatment Devices $116M 1 Kardium | $116M | Series B Link
13▼7 Legal Practice Management $110M 1 Clio | $110M | Series E Link
14▲31 Life Sciences Research Services $106M 6 Notch Therap.. | $85.0M | Series A Link
15-- Sales Productivity Tools $100M 3 Dooly | $80.0M | Series B Link
16-- Application Lifecycle Management $100M 2 Tasktop | $100M | Series C Link
17-- Visitor Management Software $100M 1 iLobby | $100M | Series D Link
18▲76 Carbon Sequestration through Adsorption $100M 2 Svante | $75.0M | Series D Link
19-- Remote Medication Dispensing Systems $97.0M 1 MedAvail | $97.0M | Series D Link
20-- Hotel Metasearch Engines $84.7M 1 Snaptravel | $84.7M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

6. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Canada Tech - Top Funded Business Models - last 1 year (3/5)
6
Rank Business Model $ Funding # Rounds Top Funding Round Details
21▲17 Food Ordering Platforms $73.2M 4 Fantuan | $35.0M | Series B Link
22-- Field force solutions for Home Service Businesses $60.5M 3 Jobber | $60.0M | Series C Link
23-- Satellite Communication Services $60.0M 1 Kepler | $60.0M | Series B Link
24-- Satellite based IoT Connectivity $60.0M 1 Kepler | $60.0M | Series B Link
25-- Online Accounting Services $60.0M 1 Bench | $60.0M | Series C Link
26▲42
Internet First Retail Banks with Partner Bank's
License
$59.2M 2 KOHO | $39.5M | Series C Link
27-- Crypto Trading Platforms $58.5M 4 Coinsquare | $56.4M | Series C Link
28▲44 ADA Compliance $55.0M 1 eSSENTIAL AC.. | $55.0M | Series C Link
29-- Retail Stores Software Suite $54.4M 1 Paystone | $54.4M | Series C Link
30▲108 Internet First Inner Wear Brands $53.0M 1 Knix | $53.0M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

7. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Canada Tech - Top Funded Business Models - last 1 year (4/5)
7
Rank Business Model $ Funding # Rounds Top Funding Round Details
31▲108 Internet First Women's Inner Wear Brand $53.0M 1 Knix | $53.0M | Series B Link
32▲160 Insurance Comparison Platforms $51.0M 1 Rates.ca | $51.0M | Series C Link
33▲13 Warehouse Automation Tools $50.0M 1 ATTAbotics | $50.0M | Series C Link
34-- Internet First Invoice Financing $50.0M 1 FundThrough | $50.0M | Series B Link
35▲13 Storage Automation $50.0M 1 ATTAbotics | $50.0M | Series C Link
36▼16 Warehouse Automation Robots $50.0M 1 ATTAbotics | $50.0M | Series C Link
37-- Media Over IP Solutions $47.8M 1 Dejero | $47.8M | Series C Link
38-- IPTV Distribution Solutions $47.8M 1 Dejero | $47.8M | Series C Link
39-- Rail Connectivity Software $47.8M 1 Dejero | $47.8M | Series C Link
40▼14 Debt Collection Solutions $43.0M 1 Symend | $43.0M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

8. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Canada Tech - Top Funded Business Models - last 1 year (5/5)
8
Rank Business Model $ Funding # Rounds Top Funding Round Details
41-- EV Charging Operators $42.9M 3 AddEnergie T.. | $39.8M | Series C Link
42--
Diagnostics (by Technology) > Diagnostic Software >
Multiple Medical Data Modalities
$41.0M 2 Analytics 4 .. | $24.8M | Series D Link
43-- Coronary Artery Diseases Screening Devices $41.0M 2 Analytics 4 .. | $24.8M | Series D Link
44-- Food Delivery $38.0M 2 SkipTheDishes | $25.0M | Series B Link
45-- Cannabinoid Therapeutics for Metabolic Disorders $37.8M 1 Inversago Ph.. | $37.8M | Series B Link
46▲86 Background Screening Platform $37.3M 2 Certn | $27.8M | Series A Link
47-- Benefits and Perks $33.0M 1 Thriver | $33.0M | Series B Link
48-- Internet First Crypto Backed Loans $32.7M 2 Ledn | $30.0M | Series A Link
49▲276 Mental Health Teleconsultation $32.2M 1 Dialogue | $32.2M | Series B Link
50▲192 Teleconsultation for Employees $32.2M 1 Dialogue | $32.2M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

9. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Recent Funding Rounds
Databricks (2013, Toronto)
$1.0B - Series G - Feb 2021
Data Science Platforms - Canada
01
9
Back to index
Big Data Analytics (Verafin)
(# Cos: 85 | $2.7B)
Suite (Plotly)
(# Cos: 9 | $1.9B)
Data Science Platform (Databricks)
(# Cos: 6 | $1.9B)
Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$1.0B (▲150%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$1.9B
3
-
6
2
Databricks
(2013, Toronto, $1.9B)
Plotly
(2013, Montreal, $7.0M)
Angoss
(1984, Toronto, $667K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

10. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Recent Funding Rounds
Robo Advisors - Canada
02
10
Back to index
Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$697M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$915M
6
-
13
2
Investment Tech (Quandl)
(# Cos: 484 | $1.4B)
Wealth Management Platforms (Hardbacon)
(# Cos: 115 | $956M)
Robo Advisors (Moka)
(# Cos: 17 | $929M)
Horizontal (Wealthsimple)
(# Cos: 13 | $915M)
Wealthsimple
(2014, Toronto, $901M)
Nest Wealth
(2014, Toronto, $6.0M)
Responsive
(2015, Vancouver, $1.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Wealthsimple (2014, Toronto)
$610M - Series F - May 2021
Wealthsimple (2014, Toronto)
$86.8M - Series E - Oct 2020
Nest Wealth (2014, Toronto)
Undisclosed - Series B - Jul 2020

11. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Recent Funding Rounds
PC and Console Casual Game Developers
- Canada
03
11
Back to index
Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$572M (▲2600%)
4(▲33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
10
$656M
22
1
99
3
PC & Console Gaming (CryptoKitties)
(# Cos: 202 | $696M)
Game Developers (Dapper Labs)
(# Cos: 182 | $663M)
PC & Console Games (Jagex)
(# Cos: 158 | $658M)
Casual Games (Big Viking Games)
(# Cos: 99 | $656M)
Big Viking Games
(2011, Toronto, $21.8M)
Dapper Labs
(2018, Vancouver, $607M)
Frima
(2003, Quebec City, $7.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Dapper Labs (2018, Vancouver)
$305M - Series C - Mar 2021
Dapper Labs (2018, Vancouver)
$250M - Series B - Feb 2021
Dapper Labs (2018, Vancouver)
$13.4M - Series A - Aug 2020
Twin Suns Corp (2021)
$3.9M - Seed - May 2021

12. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Recent Funding Rounds
eStruxture (2017, Montreal)
$488M - Series B - May 2021
Datacenter Colocation - Canada
04
12
Back to index
Data Center Infrastructure (Q9 Networks)
(# Cos: 53 | $997M)
Data Center Providers (ROOT Data Center)
(# Cos: 38 | $905M)
Colocation (eStruxture)
(# Cos: 37 | $902M)
Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$488M (▲ >10K%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
13
$902M
11
2
37
1
eStruxture
(2017, Montreal, $668M)
ROOT Data Center
(2013, Montreal, $115M)
Q9 Networks
(1995, Toronto, $74.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

13. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Recent Funding Rounds
Identity Verification - Canada
05
13
Back to index
Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$394M (▲646%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$548M
3
-
7
2
Cybersecurity (Mitel)
(# Cos: 442 | $1.6B)
IAM (Plurilock)
(# Cos: 94 | $583M)
Federated Identity Management
(SecureKey)
(# Cos: 13 | $548M)
Identity & Attribute Verification
(Trulioo)
(# Cos: 7 | $548M)
Trulioo
(2011, Vancouver, $477M)
SecureKey
(2008, Toronto, $71.2M)
Verified.Me
(2010, Toronto)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Trulioo (2011, Vancouver)
$394M - Series D - Jun 2021

14. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Recent Funding Rounds
Overseas College Recommendation
Platforms - Canada
06
14
Back to index
Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$365M (▲414%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$496M
1
-
2
1
Higher Education Tech (Top Hat)
(# Cos: 164 | $891M)
Admissions Support for Students (Aplic)
(# Cos: 20 | $496M)
College Discovery (SchoolFinder)
(# Cos: 8 | $496M)
Recommendations (Zept)
(# Cos: 3 | $496M)
Study Abroad (ApplyBoard)
(# Cos: 2 | $496M)
ApplyBoard
(2015, Kitchener, $496M)
Aplicar
(2020, Vancouver)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
ApplyBoard (2015, Kitchener)
$310M - Series D - Jun 2021
ApplyBoard (2015, Kitchener)
$55.0M - Series C - Sep 2020

15. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Recent Funding Rounds
Vena (2011, Toronto)
$241M - Series C - Apr 2021
Financial Planning & Analysis Software -
Canada
07
15
Back to index
Finance & Accounting Tech (FreshBooks)
(# Cos: 347 | $1.2B)
Financial Planning & Analysis (Prophix)
(# Cos: 51 | $425M)
Suite (Vena)
(# Cos: 11 | $398M)
Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$241M (▲7943%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$398M
5
-
11
1
Vena
(2011, Toronto, $385M)
Prophix
(2000, Mississauga)
Longview
(1984, Markham, $6.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

16. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Recent Funding Rounds
Loopio (2014, Toronto)
$200M - Series B - Apr 2021
Sales RFP Response Automation -
Canada
08
16
Back to index
Sales Force Automation (360insights)
(# Cos: 347 | $810M)
Sales Enablement (BlueRush)
(# Cos: 25 | $216M)
RFP Response Automation (Loopio)
(# Cos: 1 | $209M)
Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$200M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$209M
1
-
1
1
Loopio
(2014, Toronto, $209M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

17. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Recent Funding Rounds
Deep Learning Processing Units - Canada
09
17
Back to index
Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$200M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$221M
1
-
1
1
Digital ICs (1QBit)
(# Cos: 18 | $765M)
Microprocessors (D-Wave)
(# Cos: 14 | $664M)
Artificial Intelligence and Machine
Learning (Neurophos)
(# Cos: 3 | $221M)
Deep Learning Processing Unit
(Tenstorrent)
(# Cos: 1 | $221M)
Tenstorrent
(2016, Toronto, $221M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Tenstorrent (2016, Toronto)
$200M - Series C - May 2021

18. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Recent Funding Rounds
Virogin Biotech (2015, Vancouver)
$80.0M - Series D - May 2021
Virogin Biotech (2015, Vancouver)
$62.0M - Series C - Sep 2020
Alpha-9 Theranost.. (2019, Vancouver)
$8.9M - Series A - Apr 2021
Qu Biologics (2007, Vancouver)
$8.0M - Series B - Dec 2020
Pacylex Pharmaceut.. (2012, Edmonton)
$7.2M - Series A - Jun 2021
Bold Therapeutics (2018, Vancouver)
$5.5M - Series A - Jan 2021
Providence Therapeu.. (2015, Calgary)
$2.2M - Series A - Jul 2020
View all 8 Funding Rounds on Tracxn Platform
Drugs for Multiple Cancer Types -
Canada
10
18
Back to index
Oncology (ESSA Pharma)
(# Cos: 154 | $1.4B)
Drugs (Zymeworks)
(# Cos: 92 | $1.2B)
Diversified (Sierra Oncology)
(# Cos: 71 | $1.0B)
Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$174M (▲6.4%)
8(▲14.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
10
$1.0B
55
12
71
7
Sierra Oncology
(2003, Vancouver, $75.0M)
Zymeworks
(2003, Vancouver, $146M)
ESSA Pharma
(2009, Vancouver, $16.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

19. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Recent Funding Rounds
Top Hat (2009, Toronto)
$130M - Series E - Feb 2021
Classroom Live Streaming Platform For Higher
Education - Canada
11
19
Back to index
Higher Education Tech (D2L)
(# Cos: 164 | $891M)
Tech for Teachers (BioRender)
(# Cos: 17 | $200M)
Classroom Live Streaming (Top Hat)
(# Cos: 2 | $200M)
Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$130M (▲550%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$200M
1
-
2
1
Top Hat
(2009, Toronto, $200M)
Blindside Networks
(2008, Ottawa)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

20. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Recent Funding Rounds
Cardiac Rhythm Disorder Treatment
Devices - Canada
12
20
Back to index
Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$116M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$118M
3
-
3
1
Cardiac and Vascular Disorders (Circle Cardiovascular
Imaging)
(# Cos: 71 | $823M)
Medical Devices (Analytics 4 Life)
(# Cos: 49 | $312M)
Therapeutic Devices (Neovasc)
(# Cos: 23 | $184M)
Rhythm Disorders (Kardium)
(# Cos: 3 | $118M)
Kardium
(2007, Vancouver, $117M)
SaluTech
(2019, Toronto)
Aegis Medical Innovati..
(2007, Vancouver, $48.8K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Kardium (2007, Vancouver)
$116M - Series B - Jan 2021

21. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Recent Funding Rounds
Clio (2008, Burnaby)
$110M - Series E - Apr 2021
Legal Practice Management - Canada
13
21
Back to index
Legal Tech (Dye & Durham Corp.)
(# Cos: 285 | $556M)
Legal Practice Management (HighQ)
(# Cos: 63 | $454M)
Suite (Clio)
(# Cos: 12 | $386M)
Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$110M (▼56%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$386M
2
-
12
1
Clio
(2008, Burnaby, $386M)
Blended Perspectives
(2007, Toronto)
DoProcess
(1989, Toronto)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

22. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Recent Funding Rounds
Life Sciences Research Services - Canada
14
22
Back to index
Life Sciences Platforms and Tools (Precision
Nanosystems)
(# Cos: 303 | $752M)
Research Services (Arbutus Bio)
(# Cos: 173 | $511M)
Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$106M (▲325%)
6( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
15
$511M
88
19
173
6
Arbutus Bio
(2007, Burnaby, $10.0M)
Acorn
(2017, Kitchener, $3.3M)
ImmunoPrecise Antibodies
(1989, Victoria)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Notch Therapeutics (2018, Toronto)
$85.0M - Series A - Feb 2021
iVexSol (2018, Toronto)
$13.0M - Series A - Dec 2020
AmacaThera (2015, Toronto)
$8.2M - Series A - Feb 2021
Aereus Technolog.. (2009, Burlington)
$2.6M - Unattributed-Late - Aug 2020
iVexSol (2018, Toronto)
$250K - Seed - Aug 2020
Lactiga (2017, Toronto)
Undisclosed - Seed - Nov 2020

23. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Recent Funding Rounds
Sales Productivity Tools - Canada
15
23
Back to index
Sales Force Automation (360insights)
(# Cos: 347 | $810M)
Productivity Tools (Dooly)
(# Cos: 21 | $109M)
Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$100M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$109M
8
-
21
1
Dooly
(2014, Vancouver, $105M)
Agendize
(2004, Montreal, $3.3M)
ContactMonkey
(2010, Toronto, $800K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Dooly (2014, Vancouver)
$80.0M - Series B - May 2021
Dooly (2014, Vancouver)
$17.0M - Series A - Mar 2021
Dooly (2014, Vancouver)
$3.3M - Seed - Sep 2020

24. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Recent Funding Rounds
Application Lifecycle Management -
Canada
16
24
Back to index
DevOps (CTO)
(# Cos: 14 | $153M)
Application Lifecycle Management (Tasktop)
(# Cos: 3 | $136M)
Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$100M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$136M
2
-
3
2
Tasktop
(2007, Vancouver, $131M)
OpsLevel
(2018, Toronto, $5.0M)
Chronologic
(1998, Montreal)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Tasktop (2007, Vancouver)
$100M - Series C - Apr 2021
OpsLevel (2018, Toronto)
$5.0M - Seed - Nov 2020

25. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Recent Funding Rounds
Visitor Management Software - Canada
17
25
Back to index
Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$100M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$113M
2
-
21
2
Facility Management Tech (Fiix)
(# Cos: 233 | $828M)
Building Management (Lane)
(# Cos: 166 | $721M)
Building Security Management (iLobby)
(# Cos: 22 | $113M)
Visitor Management (Traction
Guest)
(# Cos: 21 | $113M)
Traction Guest
(2015, Burnaby, $13.0M)
iLobby
(2015, North York, $100M)
MyLobby
(2005, Burlington)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
iLobby (2015, North York)
$100M - Series D - Jan 2021

26. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Recent Funding Rounds
Carbon Sequestration through
Adsorption - Canada
18
26
Back to index
Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$100M (▲900%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$175M
1
-
1
1
Air Pollution Management Tech (GHGSat)
(# Cos: 41 | $330M)
Carbon Management (CUT)
(# Cos: 18 | $271M)
Carbon Capture (CarbonCure)
(# Cos: 12 | $266M)
Carbon Sequestration (CO2 Solutions)
(# Cos: 2 | $175M)
Adsorption (Svante)
(# Cos: 1 | $175M)
Svante
(2007, Burnaby, $175M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Svante (2007, Burnaby)
$75.0M - Series D - Feb 2021
Svante (2007, Burnaby)
$25.0M - Series D - Mar 2021

27. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Recent Funding Rounds
Remote Medication Dispensing Systems
- Canada
19
27
Back to index
Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$97.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$147M
1
-
3
1
Pharmacy IT (Pocketpills)
(# Cos: 64 | $183M)
Dispensing Management (ZoomMed)
(# Cos: 19 | $150M)
Drugs Delivery (Fullscript)
(# Cos: 10 | $149M)
Dispensing Systems (Optel Group)
(# Cos: 7 | $149M)
Remote Dispensing (MedAvail)
(# Cos: 3 | $147M)
MedAvail
(2012, Mississauga, $147M)
GSL Solutions
(2000, Vancouver)
PK+ Telehealth Suite
(2010, Markham)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
MedAvail (2012, Mississauga)
$97.0M - Series D - Nov 2020

28. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Recent Funding Rounds
Hotel Metasearch Engines - Canada
20
28
Back to index
Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$84.7M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$115M
1
-
1
1
Online Travel (Busbud)
(# Cos: 304 | $729M)
Accommodation (Keycafe)
(# Cos: 37 | $144M)
Hotel (Vicinnity)
(# Cos: 7 | $115M)
Metasearch (Snaptravel)
(# Cos: 1 | $115M)
Snaptravel
(2016, Toronto, $115M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Snaptravel (2016, Toronto)
$84.7M - Series B - Mar 2021

29. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Recent Funding Rounds
Food Ordering Platforms - Canada
21
29
Back to index
Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$73.2M (▲118%)
4(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$252M
8
1
44
3
Food Tech (Lightspeed)
(# Cos: 478 | $933M)
Food Discovery and Ordering (Foodee)
(# Cos: 153 | $256M)
Restaurant Aggregator (Ritual)
(# Cos: 69 | $252M)
Platform Delivered
(SkipTheDishes)
(# Cos: 44 | $252M)
SkipTheDishes
(2013, Winnipeg, $25.0M)
Ritual
(2014, Toronto, $149M)
Foodee
(2011, Vancouver, $25.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Fantuan (2014, Burnaby)
$35.0M - Series B - Jan 2021
SkipTheDishes (2013, Winnipeg)
$25.0M - Series B - Dec 2020
Foodee (2011, Vancouver)
$13.0M - Series B - Jul 2020
Oco Meals (2020, Vancouver)
$150K - Seed - Aug 2020

30. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Recent Funding Rounds
Jobber (2011, Edmonton)
$60.0M - Series C - Jan 2021
ServiceBox (2014, Regina)
$469K - Seed - Dec 2020
PodiumIO (2017, Montreal)
Undisclosed - Seed - Feb 2021
Field force solutions for Home Service
Businesses - Canada
22
30
Back to index
Field Force Automation (WorkJam)
(# Cos: 239 | $276M)
Home Services (Vonigo)
(# Cos: 25 | $70.0M)
Suite (Jobber)
(# Cos: 15 | $70.0M)
Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$60.5M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$70.0M
5
-
15
1
Jobber
(2011, Edmonton, $66.5M)
Vonigo
(2010, Vancouver, $2.0M)
SpryPoint
(2011, Charlottetown)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

31. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Recent Funding Rounds
Kepler (2015, Toronto)
$60.0M - Series B - Jun 2021
Satellite Communication Services -
Canada
23
31
Back to index
NewSpace (UrtheCast)
(# Cos: 39 | $211M)
Space Services (GHGSat)
(# Cos: 13 | $198M)
Communication (Kepler)
(# Cos: 6 | $94.0M)
Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$60.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$94.0M
4
1
6
1
Kepler
(2015, Toronto, $90.0M)
exactEarth
(2009, Cambridge, $36.4K)
Helios Wire
(2016, Vancouver, $4.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

32. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Recent Funding Rounds
Kepler (2015, Toronto)
$60.0M - Series B - Jun 2021
Satellite based IoT Connectivity - Canada
24
32
Back to index
Internet of Things Infrastructure (Peraso)
(# Cos: 111 | $312M)
IoT Connectivity (eleven-x)
(# Cos: 24 | $96.7M)
Satellite (Kepler)
(# Cos: 1 | $90.0M)
Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$60.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$90.0M
1
-
1
1
Kepler
(2015, Toronto, $90.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

33. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Recent Funding Rounds
Bench (2012, Vancouver)
$60.0M - Series C - Jun 2021
Online Accounting Services - Canada
25
33
Back to index
Finance & Accounting Tech (FreshBooks)
(# Cos: 347 | $1.2B)
Tech-Enabled Services (H&R Block Canada)
(# Cos: 48 | $115M)
Accounting & Bookkeeping (Bench)
(# Cos: 29 | $115M)
Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$60.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$115M
1
-
29
1
Bench
(2012, Vancouver, $115M)
SureBooks Business Ser..
(2015, Mississauga)
Payroll Solutions Inte..
(2010, Guelph)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

34. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Recent Funding Rounds
Internet First Retail Banks with Partner Bank's
License - Canada
26
34
Back to index
Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$59.2M (▲214%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$118M
4
-
11
2
Banking Tech (Borrowell)
(# Cos: 163 | $507M)
Internet First Banks (NorthOne)
(# Cos: 25 | $162M)
Through Bank Partnerships (KOHO)
(# Cos: 16 | $162M)
Retail Banking (Neo Financial)
(# Cos: 11 | $118M)
Neo Financial
(2018, Calgary, $19.6M)
KOHO
(2014, Toronto, $98.5M)
STACK
(2016, Toronto)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
KOHO (2014, Toronto)
$39.5M - Series C - Mar 2021
Neo Financial (2018, Calgary)
$19.6M - Series A - Dec 2020

35. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Recent Funding Rounds
Crypto Trading Platforms - Canada
27
35
Back to index
Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$58.5M ( -- )
4( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$96.7M
10
-
41
1
Cryptocurrencies (Hut 8 Mining)
(# Cos: 479 | $196M)
Financial Services (AtomicLoans)
(# Cos: 316 | $174M)
Investment Industry (KNOX)
(# Cos: 221 | $115M)
Online Trading Platforms (3Commas)
(# Cos: 67 | $99.8M)
Regular Trading (Coinsquare)
(# Cos: 41 | $96.7M)
Coinsquare
(2014, Toronto, $94.7M)
Quantfury
(2017, Toronto)
CatalX
(2017, Vancouver, $1.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Coinsquare (2014, Toronto)
$56.4M - Series C - Feb 2021
CatalX (2017, Vancouver)
$1.6M - Seed - Feb 2021
Satstreet (2019, Toronto)
$489K - Seed - Aug 2020
Coinsquare (2014, Toronto)
Undisclosed - Series C - Jun 2021

36. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Recent Funding Rounds
ADA Compliance - Canada
28
36
Back to index
Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$55.0M (▲244%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$71.0M
1
-
1
1
GRC Software (OpenText)
(# Cos: 178 | $1.1B)
Compliance (Verafin)
(# Cos: 113 | $833M)
IT Compliance (CryptoNumerics)
(# Cos: 17 | $83.2M)
ADA Compliance (eSSENTIAL
ACCESSIBILITY)
(# Cos: 1 | $71.0M)
eSSENTIAL ACCESSIBILITY
(2007, Toronto, $71.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
eSSENTIAL ACCESSIBI.. (2007, Toronto)
$55.0M - Series C - May 2021

37. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Recent Funding Rounds
Retail Stores Software Suite - Canada
29
37
Back to index
In Store Retail Tech (Solink)
(# Cos: 219 | $572M)
Suite (Lightspeed)
(# Cos: 19 | $346M)
Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$54.4M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$346M
5
2
19
1
Lightspeed
(2005, Montreal, $292M)
Paystone
(2009, London, $54.4M)
Givex
(1999, Toronto)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Paystone (2009, London)
$54.4M - Series C - Jan 2021

38. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Recent Funding Rounds
Internet First Inner Wear Brands -
Canada
30
38
Back to index
Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$53.0M (▲830%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$58.7M
2
-
8
1
Fashion Tech (Mejuri)
(# Cos: 662 | $386M)
B2C Commerce (Frank And Oak)
(# Cos: 619 | $373M)
Apparel (Sheertex)
(# Cos: 280 | $161M)
Inner Wear (Fortnight Lingerie)
(# Cos: 18 | $58.7M)
Multi Category (Cupshe)
(# Cos: 18 | $58.7M)
Men and Women (OCIN)
(# Cos: 15 | $58.7M)
Internet First Brand (Knix)
(# Cos: 8 | $58.7M)
Knix
(2012, Toronto, $58.7M)
OCIN
(2017, Vancouver)
Fortnight Lingerie
(2010, Toronto)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Knix (2012, Toronto)
$53.0M - Series B - May 2021

39. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Recent Funding Rounds
Internet First Women's Inner Wear
Brand - Canada
31
39
Back to index
Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$53.0M (▲830%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$58.7M
2
-
3
1
Apparel Brands (Lululemon)
(# Cos: 400 | $546M)
Inner Wear (Gildan)
(# Cos: 16 | $109M)
Multi Category (Saxx Underwear)
(# Cos: 16 | $109M)
Women (Mina Storm)
(# Cos: 8 | $58.7M)
Internet First Brand (Knix)
(# Cos: 3 | $58.7M)
Knix
(2012, Toronto, $58.7M)
Mina Storm
(2015, Montmagny)
Morsam Fashions
(1917, Montreal)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Knix (2012, Toronto)
$53.0M - Series B - May 2021

40. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Recent Funding Rounds
Rates.ca (2014, Toronto)
$51.0M - Series C - Mar 2021
Insurance Comparison Platforms -
Canada
32
40
Back to index
Internet First Insurance Platforms (Zensurance)
(# Cos: 108 | $129M)
Insurance Comparison Platforms (Borrowell)
(# Cos: 69 | $115M)
Diversified (Rates.ca)
(# Cos: 31 | $56.7M)
Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$51.0M (▲1859%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$56.7M
4
-
31
2
Rates.ca
(2014, Toronto, $51.0M)
Foxquilt
(2016, Toronto, $4.2M)
EasyInsure
(2007, Windsor)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

41. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Recent Funding Rounds
ATTAbotics (2015, Calgary)
$50.0M - Series C - Aug 2020
Warehouse Automation Tools - Canada
33
41
Back to index
SCM Software (Kinaxis)
(# Cos: 116 | $333M)
Warehouse Management (Dear Systems)
(# Cos: 47 | $82.7M)
Warehouse Automation Tools
(ATTAbotics)
(# Cos: 3 | $82.7M)
Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$50.0M (▲100%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$82.7M
1
-
3
1
ATTAbotics
(2015, Calgary, $82.7M)
Key Solutions
(2014, Toronto)
Garner Robotics
(2014, Toronto)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

42. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Recent Funding Rounds
Internet First Invoice Financing - Canada
34
42
Back to index
Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$50.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$65.5M
1
-
2
1
Alternative Lending (Borrowell)
(# Cos: 308 | $659M)
Online Lenders (Mogo.ca)
(# Cos: 221 | $594M)
Business Loans (Timia Capital)
(# Cos: 43 | $81.8M)
Trade Finance (DM Chain)
(# Cos: 4 | $65.5M)
Invoice Financing (Frontline Capital)
(# Cos: 3 | $65.5M)
Direct Lender (FundThrough)
(# Cos: 2 | $65.5M)
FundThrough
(2014, Toronto, $65.5M)
June
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
FundThrough (2014, Toronto)
$50.0M - Series B - Oct 2020

43. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Recent Funding Rounds
Storage Automation - Canada
35
43
Back to index
Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$50.0M (▲100%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$82.7M
1
-
1
1
Logistics Tech (SkipTheDishes)
(# Cos: 534 | $431M)
Warehousing (Tecsys)
(# Cos: 35 | $191M)
Enablers (Nulogy)
(# Cos: 30 | $191M)
Robotics (OTTO Motors)
(# Cos: 7 | $166M)
Storage (ATTAbotics)
(# Cos: 1 | $82.7M)
ATTAbotics
(2015, Calgary, $82.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
ATTAbotics (2015, Calgary)
$50.0M - Series C - Aug 2020

44. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Recent Funding Rounds
ATTAbotics (2015, Calgary)
$50.0M - Series C - Aug 2020
Warehouse Automation Robots -
Canada
36
44
Back to index
Professional Service Robots (Clearpath Robotics)
(# Cos: 63 | $277M)
Logistics (OTTO Motors)
(# Cos: 6 | $166M)
Warehouse Automation (ATTAbotics)
(# Cos: 6 | $166M)
Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$50.0M (▼15.3%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$166M
3
-
6
2
ATTAbotics
(2015, Calgary, $82.7M)
OTTO Motors
(2016, Kitchener, $83.0M)
Slip Robotics
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

45. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Recent Funding Rounds
Media Over IP Solutions - Canada
37
45
Back to index
Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$47.8M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$87.8M
1
-
5
1
Tech for Film & TV (Voices)
(# Cos: 113 | $156M)
Broadcasting (Haivision)
(# Cos: 32 | $113M)
Media Delivery (International
Datacasting)
(# Cos: 5 | $87.8M)
Media over IP (Dejero)
(# Cos: 5 | $87.8M)
Dejero
(2008, Waterloo, $87.8M)
International Datacast..
(1984, Ottawa)
Mariner xVu
(2003, Saint John)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Dejero (2008, Waterloo)
$47.8M - Series C - Apr 2021

46. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Recent Funding Rounds
Dejero (2008, Waterloo)
$47.8M - Series C - Apr 2021
IPTV Distribution Solutions - Canada
38
46
Back to index
OTT Video (BBTV)
(# Cos: 142 | $472M)
Video Distribution (Quickplay)
(# Cos: 18 | $391M)
IPTV (Dejero)
(# Cos: 5 | $279M)
Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$47.8M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$279M
4
-
5
1
Dejero
(2008, Waterloo, $87.8M)
Quickplay
(2004, Toronto, $186M)
LVL
(2003, Montreal, $5.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

47. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Recent Funding Rounds
Rail Connectivity Software - Canada
39
47
Back to index
Rail IT (BSM Technologies)
(# Cos: 8 | $87.8M)
Connectivity (Dejero)
(# Cos: 2 | $87.8M)
Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$47.8M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$87.8M
2
-
2
1
Dejero
(2008, Waterloo, $87.8M)
Netskrt
(2017, Vancouver)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Dejero (2008, Waterloo)
$47.8M - Series C - Apr 2021

48. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Recent Funding Rounds
Debt Collection Solutions - Canada
40
48
Back to index
Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$43.0M (▼8.5%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$100M
1
-
9
1
Finance & Accounting Tech (Wave)
(# Cos: 347 | $1.2B)
Accounting Solutions (FreshBooks)
(# Cos: 210 | $598M)
Quote to Cash (Replicon)
(# Cos: 70 | $338M)
Account Receivables (Invoice Simple)
(# Cos: 43 | $100M)
Collections (Symend)
(# Cos: 9 | $100M)
Symend
(2016, Calgary, $100M)
Creditron
(1994, Oakville)
CBV Collection Services
(1921, Burnaby)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Symend (2016, Calgary)
$43.0M - Series B - Feb 2021

49. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Recent Funding Rounds
EV Charging Operators - Canada
41
49
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Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$42.9M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$42.9M
4
-
20
1
Electric Vehicles (Effenco)
(# Cos: 237 | $229M)
Charging Solutions (AddEnergie)
(# Cos: 49 | $91.4M)
Station Network (ChargeLab)
(# Cos: 25 | $53.0M)
Charging (SWTCH)
(# Cos: 25 | $53.0M)
Operators (AddEnergie Technologies)
(# Cos: 20 | $42.9M)
AddEnergie Technologies
(2009, Quebec City, $39.8M)
Ivy
(2019, Toronto)
FLO
(2016, Quebec City)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
AddEnergie Tech.. (2009, Quebec City)
$39.8M - Series C - Oct 2020
ChargerQuest (2019, Toronto)
$3.1M - Series A - May 2021
AddEnergie Tech.. (2009, Quebec City)
Undisclosed - Series C - Feb 2021

50. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Recent Funding Rounds
Analytics 4 Life (2012, Toronto)
$24.8M - Series D - Apr 2021
Analytics 4 Life (2012, Toronto)
$16.2M - Series C - Oct 2020
Diagnostics (by Technology) > Diagnostic Software > Multiple
Medical Data Modalities - Canada
42
50
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Diagnostics (by Technology) (Clarius)
(# Cos: 195 | $573M)
Diagnostic Software (Circle Cardiovascular
Imaging)
(# Cos: 35 | $131M)
Multiple Medical Data Modalities
(Analytics 4 Life)
(# Cos: 3 | $90.4M)
Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$41.0M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$90.4M
2
-
3
1
Analytics 4 Life
(2012, Toronto, $90.4M)
Moonshot Health
(2017, Montreal)
Perceiv
(2017, Montreal)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

51. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Recent Funding Rounds
Coronary Artery Diseases Screening
Devices - Canada
43
51
Back to index
Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$41.0M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$90.4M
1
-
1
1
Cardiac and Vascular Disorders (Circle Cardiovascular
Imaging)
(# Cos: 71 | $823M)
Medical Devices (Kardium)
(# Cos: 49 | $312M)
Screening Devices (VentriPoint)
(# Cos: 11 | $94.3M)
Coronary Artery Diseases
(Analytics 4 Life)
(# Cos: 1 | $90.4M)
Analytics 4 Life
(2012, Toronto, $90.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Analytics 4 Life (2012, Toronto)
$24.8M - Series D - Apr 2021
Analytics 4 Life (2012, Toronto)
$16.2M - Series C - Oct 2020

52. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Recent Funding Rounds
Food Delivery - Canada
44
52
Back to index
Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$38.0M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$72.0M
4
-
28
1
Logistics Tech (Nulogy)
(# Cos: 534 | $431M)
Parcel (Swyft)
(# Cos: 146 | $92.8M)
Hyperlocal Delivery (Foodee)
(# Cos: 90 | $72.0M)
B2C (Platterz)
(# Cos: 74 | $72.0M)
Food (SkipTheDishes)
(# Cos: 28 | $72.0M)
SkipTheDishes
(2013, Winnipeg, $25.0M)
Platterz
(2015, Toronto, $21.3M)
Foodee
(2011, Vancouver, $25.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
SkipTheDishes (2013, Winnipeg)
$25.0M - Series B - Dec 2020
Foodee (2011, Vancouver)
$13.0M - Series B - Jul 2020

53. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Recent Funding Rounds
Cannabinoid Therapeutics for Metabolic
Disorders - Canada
45
53
Back to index
Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$37.8M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$51.8M
1
-
1
1
Cannabis HealthTech (Canada House)
(# Cos: 133 | $136M)
Healthcare (Hyasynth Bio)
(# Cos: 86 | $80.1M)
Cannabinoid Therapeutics (TerrAscend)
(# Cos: 27 | $62.9M)
Metabolic Disorders (Inversago
Pharma)
(# Cos: 1 | $51.8M)
Inversago Pharma
(2015, Montreal, $51.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Inversago Pharma (2015, Montreal)
$37.8M - Series B - Sep 2020

54. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Recent Funding Rounds
Certn (2016, Toronto)
$27.8M - Series A - Nov 2020
Certn (2016, Toronto)
$9.5M - Series A - Dec 2020
Background Screening Platform - Canada
46
54
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HRTech (WorkJam)
(# Cos: 934 | $1.1B)
Applicant Tracking System (Knockri)
(# Cos: 122 | $95.9M)
Background Check (Certn)
(# Cos: 7 | $49.3M)
Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$37.3M (▲522%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$49.3M
3
-
7
2
Certn
(2016, Toronto, $45.3M)
Trust Science
(2014, Edmonton, $4.0M)
Workwolf
(2011, Toronto)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

55. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Recent Funding Rounds
Thriver (2009, Toronto)
$33.0M - Series B - Aug 2020
Benefits and Perks - Canada
47
55
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Remote Work Tools (Vidyard)
(# Cos: 29 | $94.4M)
Employee Engagement (Remote Buddy)
(# Cos: 5 | $33.0M)
Benefits and Perks (Thriver)
(# Cos: 1 | $33.0M)
Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$33.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$33.0M
1
-
1
1
Thriver
(2009, Toronto, $33.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

56. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Recent Funding Rounds
Internet First Crypto Backed Loans -
Canada
48
56
Back to index
Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$32.7M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$34.3M
1
-
2
1
Alternative Lending (Borrowell)
(# Cos: 308 | $659M)
Online Lenders (Financeit)
(# Cos: 221 | $594M)
Consumer Loans (Mogo.ca)
(# Cos: 140 | $440M)
Asset Backed Loans (Fraction)
(# Cos: 12 | $262M)
Crypto Backed (Crypto Lending)
(# Cos: 2 | $34.3M)
Direct Lender (Ledn)
(# Cos: 2 | $34.3M)
Ledn
(2018, Toronto, $34.3M)
Crypto Lending
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Ledn (2018, Toronto)
$30.0M - Series A - May 2021
Ledn (2018, Toronto)
$2.7M - Seed - Feb 2021

57. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Recent Funding Rounds
Mental Health Teleconsultation -
Canada
49
57
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Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$32.2M (▲ >10K%)
1(▼66.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$89.7M
8
1
30
0
Healthcare Booking Platforms (Inkblot)
(# Cos: 515 | $291M)
Doctors (Chronometriq)
(# Cos: 255 | $252M)
Telemedicine (SnapClarity)
(# Cos: 164 | $175M)
Teleconsultation (Maple)
(# Cos: 160 | $175M)
Mental Health (Dialogue)
(# Cos: 30 | $89.7M)
Dialogue
(2016, Montreal, $88.2M)
SnapClarity
(2016, Ottawa, $1.5M)
Inkblot
(2015, Toronto)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Dialogue (2016, Montreal)
$32.2M - Series B - Jul 2020

58. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Canada Tech - Top Business Models Report
Recent Funding Rounds
Dialogue (2016, Montreal)
$32.2M - Series B - Jul 2020
Teleconsultation for Employees - Canada
50
58
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Employee Health IT (Morneau Shepell)
(# Cos: 129 | $220M)
Tech Enabled Services (LifeSpeak)
(# Cos: 76 | $137M)
Teleconsultation (Dialogue)
(# Cos: 7 | $89.8M)
Taxonomy
$ Invested in last 1 year in Canada
Tech
Key Stats
# Funding Rounds in last 1 year in
Canada Tech
$32.2M (▲2044%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$89.8M
2
1
7
0
Dialogue
(2016, Montreal, $88.2M)
Curv Health
(2017, Halifax, $1.6M)
Wellington At Work
(2005, Hamilton)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

59. Canada Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
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Canada Tech - Top Business Models Report
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