This year, Canada is going to be a hotspot for startups. Canadian entrepreneurs are becoming more and more successful as they take their companies global. With so many opportunities in the country, it’s hard to know which of these startups will make it big this year. Here are five Canadian-founded start-ups you should watch out for!
Hootsuite
Hootsuite is a social media management platform that was founded in 2008. The company has over 10 million users and has raised over $250 million in funding. In March of this year, the company announced that it had acquired Sprout Social, a social media management platform for businesses. This move is expected to help Hootsuite expand its offerings to include more features for larger businesses.
Shopify
Shopify is a Canadian e-commerce company that was founded in 2004. The company has over 500,000 customers and has raised over $500 million in funding. In February of this year, the company announced that it had acquired Tictail, a Swedish e-commerce platform. This move is expected to help Shopify expand its offerings to include more features for smaller businesses.
Kik
Kik is a Canadian messaging app that was founded in 2009. The company has over 300 million users and has raised over $120 million in funding. In April of this year, the company announced that it had acquired Jott, a Canadian messaging app. This move is expected to help Kik compete with other messaging apps, such as Facebook Messenger and WhatsApp.
Wattpad
Wattpad is a Canadian storytelling platform that was founded in 2006. The company has over 45 million users and has raised over $70 million in funding. In March of this year, the company announced that it had acquired Tap, a Canadian storytelling app. This move is expected to help Wattpad compete with other storytelling platforms, such as Netflix and Amazon Prime.
Avigilon
Avigilon is a Canadian security company that was founded in 2004. The company has over 14,000 customers and has raised over $1 billion in funding. In February of this year, the company announced that it had acquired Defentek, an American security company. This move is expected to help Avigilon expand its offerings to include more features for larger businesses.
Conclusion
These are just a few of the many Canadian-founded startups that you should watch out for this year. With so many innovative companies, Canada is quickly becoming a hotbed for entrepreneurship and innovation. So, if you’re looking for some exciting new startups to follow, be sure to keep an eye on Canada!
