Toronto IPOs
11 companies in Toronto tracking toward an IPO in 2026.
1Password
1Password develops password management and digital security software for individuals, families, and businesses. The company has gained significant market share in the competitive password manager space and has raised substantial funding, making it a notable potential IPO candidate in the cybersecurity sector.
Clearco
Clearco provides revenue-based financing to e-commerce and SaaS companies, offering an alternative to traditional venture capital and debt financing. The company analyzes business metrics to provide funding based on revenue performance rather than equity dilution. Investors are watching Clearco as it aims to transform how growth companies access capital without giving up equity.
Cohere
Cohere is an AI company that provides large language model APIs and tools for enterprises to build natural language processing applications. Founded by former Google Brain researchers, the company competes with OpenAI and other AI model providers. Investors are interested in its enterprise-focused approach and potential to capture market share in the rapidly growing generative AI sector.
Figment
Figment provides blockchain infrastructure services including staking, node operations, and developer tools for proof-of-stake networks and Web3 applications. The company helps institutional investors and developers participate in various blockchain networks through staking services and infrastructure solutions. Investors are interested in Figment's position in the growing blockchain infrastructure and staking economy market.
Mejuri
Mejuri is a direct-to-consumer fine jewelry brand that focuses on everyday luxury pieces at accessible price points. The company has built a strong following among millennial women by emphasizing self-purchasing rather than traditional gifting occasions for jewelry.
PointClickCare
PointClickCare provides cloud-based healthcare technology solutions specifically designed for long-term care and senior living facilities. The company serves thousands of care facilities across North America with electronic health records, clinical documentation, and operational management software, positioning it as a leader in the healthcare IT sector.
Tailscale
Tailscale provides a mesh VPN service that simplifies secure networking for businesses and individuals by creating encrypted point-to-point connections. The company's software makes it easy to securely connect devices, servers, and networks without complex traditional VPN setups. As remote work and cloud infrastructure grow, Tailscale addresses critical networking and security needs.
Tenstorrent
Tenstorrent is a semiconductor company developing AI processors and related software tools, founded by chip industry veteran Jim Keller. The company focuses on creating scalable AI computing solutions and has attracted attention for its approach to AI chip architecture and its high-profile leadership team.
Wave
Wave is a mobile money platform that provides digital financial services across Africa, with a strong presence in Senegal and other West African markets. The company offers mobile payment, money transfer, and bill payment services, targeting underbanked populations across the continent. Investors are interested in Wave's potential to drive financial inclusion and capitalize on Africa's growing mobile money market.
Wealthsimple
Wealthsimple is a Canadian fintech company that provides automated investing, commission-free stock trading, and financial planning services through its digital platform. The company has become one of Canada's largest robo-advisors and has expanded into additional financial services. Investors are interested in its strong growth in the Canadian market and potential for further expansion.
Xanadu
Xanadu is a Canadian quantum computing company that specializes in photonic quantum computing and develops both quantum hardware and software platforms. The company is known for its PennyLane quantum machine learning library and cloud-accessible quantum computers. Investors are interested in its unique photonic approach to quantum computing and potential advantages for certain quantum applications.
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