Canada's Unicorns
Who are the most successful founders, and what do they have in common?
The 2022 Canada Unicorn Founders report by Antler gives an excellent overview of the Canadian entrepreneur scene. Read the full report is by Antler, a fund investing into Canada.
There are 56 founders from 26 unicorns that were founded in the last 27 years in Canada and are still privately held. While in the past, Canada’s tech ecosystem has had a reputation of being in the shadow of the US, perceptions are changing thanks to its tremendous success over the last five-to-seven years. In 2021 alone, we saw 15 Canadian startups attain unicorn status—more than the number of unicorns created in the entire history of the Canadian private sector before then. So far in 2022, six new Canadian unicorns have already emerged (source: Crunchbase data). This report is by Antler, a fund investing into Canada.
Exhibit 1: Canadian unicorn list by sector
Exhibit 2: Startups to reach the unicorn status in Canada by year
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