15+ Emerging Innovative Startups in Toronto 2021

15+ Emerging Innovative Startups in Toronto 2021
Startups in Toronto

Canada has seen exponential growth in the startups and business industry over the last few years, with 95000 new businesses being set up annually. Half of the country’s employment is provided by the SMEs of the country.

According to data of 2017, Toronto was hosting the highest number of startups ranging from 2100 to 2700 and that number has grown over the years. If you are interested in investing with startups in Toronto, we have found some of the emerging startups in Toronto to follow in 2021.

15+ Emerging Innovative Startups in Toronto 2021


Koho is one of the leading fintech startups in Toronto. It was founded in 2014, and they are specialized in banking services. The team of Koho has developed a banking platform for Canadians to replace traditional banking.

The platform offers a comprehensive solution to all the financial worries, including investment decisions, savings, and many more. The company is best known for the user support services. The solution offered by the startup has a mobile app and a reloadable card issued to every customer.

  • Headquarters: Toronto
  • Industry: Financial services
  • Employees: 51-200 employees
  • Website: https://www.koho.ca/
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BenchSci is one of the emerging and innovative startups in Toronto, which is working on biomedical AI. The vision of the company is to provide patients with medicine 50% by 2025. This startup was founded in 2015, and it specializes in research, machine learning, artificial intelligence, biotechnology, and software development.

The company is working toward its vision by empowering scientists and researchers to run successful experiments powered by biomedical artificial intelligence. The platform of BenchSci is supporting 15 top 20 pharmaceutical companies and over 4300 research centers worldwide.


Beacon is a project promoting mental health care in the Canadian people. The startup was initiated in 2016, and its team has developed a digital platform for helping people fight their mental health conditions. With their digital platform, mental health patients can get digitally-delivered Cognitive behavior therapy and specialized therapists’ consultation.

The BeaconMind has facilitated different organizations of diverse industries for employees’ mental wellbeing and delivering education about mental health and wellbeing. Thousands of patients suffering from depression, panic, PTSD, and anxiety benefit from this platform.

Ada Inc

Ada is a startup in the computer software and artificial intelligence industry of Canada. Headquartered in Toronto, Ada provides an AI-based platform to businesses to make the customer journey more meaningful. The startup was founded in 2016, and its platform has empowered many big tech companies to have a cost-effective and time-saving platform for delivering an enriched customer experience.

Some of the enterprise clients who have taken services of Ada Inc include Upwork, Shopify, Telus, and others.

  • Headquarters: Toronto
  • Industry: Computer Software
  • Employees: 51-200 employees
  • Website: https://www.ada.cx/
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Our next pick is from startups in Toronto working in the Human resources and recruiting industry. Humi is a  standalone platform for managing HR’s important functions, including HR management, Payroll, employee benefits, and a lot more.

The startup was founded in 2013, and they are helping many companies manage their HR effortlessly. The company is very famous for its 24/7 support provided by system experts. Some of the startup’s prominent industry clients include Google, Capterra, Intellitix, Arctic Leaf, Audiobooks.com, and many more.

  • Headquarters: Toronto
  • Industry: Human Resources
  • Employees: 11-50 employees
  • Website: https://www.humi.ca/
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Fusion Pharmaceuticals

Fusion Pharmaceutical is our next pick from the startups in Toronto. It is an innovative startup working on developing radiopharmaceuticals as precision medicines for treating tumors. The startup is a clinical-stage pharmaceutical company that is exploring medical science and pharmaceutics with its innovation. The startup has developed its own alpha targeted therapies by employing Fast-Clear linker technology for treating cancers.

The pharmaceutical company was founded in 2014, and they are continuously striving to innovate cancer treatment by replacing existing methods with the safer approach of targeted radiopharmaceuticals.


Our next pick from startups in Toronto is a financial service provider company that was founded in 2014.

Getting a running capital loan is a complicated process, and it can be time-consuming too. Fundthrough has brought a shift in capital funding for businesses. It is a lending model where companies can get capital funding not based on their fixed assets, instead of based on their outstanding invoices. In this way, a business can get the required funds 97% earlier than getting funding otherwise.

The Fund will assess your cashflows and your invoices to decide about the loan-payback ability.


If you get something before you even say it, it is a really fascinating and worth-wanting experience. Drop is a startup in the consumer services industry that is employing artificial intelligence in eCommerce to provide personalized customer experience to every shopper on their platform.

The platform’s AI-based sophisticated algorithm matches the right brand with the right customer at the right time. Drop’s team has created an eCommerce platform by partnering with more than 300 top-class brands worldwide. The startup is based in Toronto and targeting the North American markets. But, the Drop team believes in expansion, and recently they have entered the UK market, too.

  • Headquarters: Toronto
  • Industry: Consumer Services
  • Employees: 51-200 employees
  • Website: https://www.joindrop.com/
  • Video: N/A


Our next pick from the startups in Toronto is another startup working in the consumer services industry but with different products. Audiobooks.com was founded in 2011, and it is providing an online store for subscriptions to more than 200000 international audiobooks. The subscribers can listen to all genres of bestsellers, new releases, and classic audiobooks on the go. The platform is continuously experimenting to innovate to create a better user experience.


Moleculight is among the medical and healthcare startups in Toronto. It is a privately owned medical imaging company that was founded in 2013. The startup is working toward the greater dream of becoming a leading company in medical imaging products and services by innovation. They are striving to innovate products for the better health of patients globally.


In the contemporary business model of boundaryless and flexible work settings, many businesses face the problem.

Nudge is a startup that was founded in  2013 to help businesses manage their non-desk and virtual teams. The company has provided a communication platform for managing teams. The company creates tailored solutions for every brand according to the unique culture and business.

No Fixed Address Inc

Our next pick from the startups in Toronto is a marketing and advertising company, No Fixed Address. The company was founded in 2016, and they are exploring new ways of doing things according to every business’s needs.

The company identifies itself as an independent marketing agency that does things in ways that are right, not mandatory. The startup specializes in advertising, marketing, public relations, business strategy and planning, and content marketing.

Rules Cube

Rules Cube is among the leading digital transformation consulting firms in Canada. The company was found in 2013 and is based in Toronto, Canada. Over the years, the startup has been helping businesses to integrate their process with technology. Rules Cube has a team of vetted consultants and experts in Pega Skills to create tailored solutions for every business.

The solutions provided by the company are Enterprise automation, architectural advisory, COE enablement, mentorship program, and cloud migration factory.

  • Headquarters: Toronto
  • Industry: Information Technology and Services
  • Employees: 51-200 employees
  • Website: https://rulescube.ca/
  • Video: N/A

One Local

Think of a comprehensive solution for marketing that covers attracting, converting, and retaining customers along with all support activities! OneLocal business suite can be your best choice. The startup has ranked itself among the emerging startups in Toronto by providing a marketing platform to businesses.

The startup was founded in 2013, and it is trusted by many brands and businesses for marketing automation, SEO, Website management program, branded referral program, and customized optimization.

  • Headquarters: Toronto
  • Industry: Information Technology and Services
  • Employees: 51-200 employees
  • Website: https://onelocal.com/
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Open Care

Our next pick is from the health and medical startups in Toronto. Opencare is an online platform where patients can have online consultations from dentists around. The startup was initiated in 2012, and they are striving to replace the traditional dental healthcare system with a more convenient, transparent, and productive experience for patients.


Get your medical consultation without leaving your couch! Maple is a healthcare and medical startup in Toronto that is enabling Canadians to get online doctor consultation 24/7 from Canadian registered physicians and doctors. In 2015, the startup started its operations in Ontario has now expanded to every province and territory of Canada.

Maple’s vision is to make healthcare more connected and easy for people, and its platform is a primary vehicle between the patients and the doctors. They are working to make people’s like better with their automated medical platform where the record-keeping of your virtual medical visits, a personalized consultation from expert specialists and tools for care continuity are also provided

  • Headquarters: Toronto
  • Industry: Hospital and healthcare
  • Employees: 51-200 employees
  • Website: https://www.getmaple.ca/
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Last but not least, Bluedot is among the leading digital health startups in Toronto. Bluedot was developed by Dr. Kamran Ali in 2013, who is a practicing physician for infectious diseases. The platform of Bluedot is one of its kind. The platform is powered by human and artificial intelligence to analyze the risks of 150+ infectious outbreaks globally and issue a warning regarding it. It can be accessed globally in 65 languages.

  • Headquarters: Toronto
  • Industry: Computer software
  • Employees: 51-200 employees
  • Website: https://bluedot.global/
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