The Four Most Significant Venture Capital Rounds Raised by Canadian Startups in 2013

by Knowlton Thomas | Startups

2013 was a strong year for venture capital funding in Canada, as evidenced by what we feel were the four most significant rounds raised by Canadian startups this year.


1. HootSuite Raises $165 Million (Vancouver / Series B)

The biggest round raised by any Canadian tech startup in recent memory, HootSuite's colossal Series B round put Vancouver on the map as a hub of innovation—as if it weren't already.


2. Shopify Raises $100 Million (Ottawa / Series C)

Shopify's chief product officer, Harley Finkelstein, told Techvibes that the nine-figure capital injection will be used to transition the company from being an e-commerce platform to being a commerce platform.


3. Beyond the Rack Raises $25 Million (Montreal / Series C)

The sixth round of financing for Montreal's Beyond the Rack put its total venture capital raised to more than $70 million (only the last three rounds included participation from institutional investors).


4. Thalmic Labs Raises $14.5 Million (Waterloo / Series A)

Thalmic's round marked the largest Series A round raised by any startup after going through Silicon Valley's Y Combinator program, a proud moment for Canadian startups.

Ottawa, Ontario, Canada

Shopify is a leading cloud-based, multichannel commerce platform designed for small and medium-sized businesses. Merchants can use the software to design, set up and manage their stores across multiple sales channels, including web, mobile, social media, marketplaces, brick-and-mortar locations, and pop-up shops. The platform also provides a merchant with a powerful back-office and a single... more

Hootsuite Media, Inc.
Vancouver, British Columbia, Canada

Hootsuite is the world’s most widely used social media relationship platform. More than 10 million users, including 744 of the Fortune 1000 companies, trust Hootsuite to manage their social media programs across multiple social networks from one integrated dashboard. Learn more about how Hootsuite is revolutionizing communication at more

Beyond the Rack
Montréal, Québec, Canada

Beyond the Rack is a private shopping club for women and men who want designer brand apparel and accessories at prices up to 80% off retail. We obtain authentic designer merchandise and provide it exclusively to our members through limited-time events. Each event starts at a specific time and typically lasts only 48 hours. After each event ends the merchandise is no longer available. Members... more

Thalmic Labs Inc.
Kitchener, Ontario, Canada

Thalmic is changing the way people interact with technology. Headquartered in Kitchener-Waterloo, Canada, we're developing exciting new technologies in the area of human-computer interaction: Technologies which bridge the gap between man and machine, enabling us to accomplish new feats, enhance our abilities, and explore new possibilities. more

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Knowlton Thomas

Knowlton Thomas

Knowlton is the managing editor of Techvibes and author of Tempest Bound. Based in Vancouver, Knowlton has been published in national publications and has also appeared on television and radio. Previously he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys hiking, tennis, and martial arts. more

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