Toronto-based Spellbook, whose AI helps with legal contracts, raised $50M led by Khosla Ventures at a $350M valuation and says it has ~4,000 customers
Lizette Chapman / Bloomberg :
Toronto-based Cohere raised $500M led by Radical and Inovia at a $6.8B valuation, up from $5.5B in July 2024, and has doubled its ARR to $100M so far in 2025
Canadian group recruits ex-Uber and Meta executives and boosts valuation to $6.8bn — Artificial intelligence start-up Cohere …
Toronto-based Blue J, which provides AI-powered tax research software, raised a $122M Series D led by Oak HC/FT and Sapphire Ventures at a $300M+ valuation
Alex Riehl / BetaKit :
Sources: Toronto-based AI startup Cohere is seeking to raise $500M+ at a $5.5B+ valuation, after raising a $500M Series D at a $5.5B valuation in July 2024
Canadian group seeks valuation of up to $6.5bn but rivals have soared far higher in comparison — Roula Khalaf, Editor of the FT …
Toronto-based Tailscale, which offers an enterprise mesh VPN service, raised $160M led by Accel, a source says at a $1.5B valuation, up from $1B in May 2022
our Series C and what's next
Toronto-based Float Financial, which offers expense management software and corporate credit cards, raised a $48.5M Series B led by Goldman Sachs Growth Equity
Mary Ann Azevedo / TechCrunch :
Toronto-based Hostaway, which offers vacation rental management tools, raised $365M led by General Atlantic at a $925M valuation, after raising $175M in 2023
Ingrid Lunden / TechCrunch :
Toronto-based AI chip designer Tenstorrent raised a $700M Series D from Jeff Bezos, Samsung, and more at a ~$2.6B valuation and claims nearly $150M in contracts
- Jim Keller's Tenstorrent designs chips and systems for AI jobs — Samsung and LG also among investors in Series D round
Toronto-based AI startup Cohere raised a $500M Series D led by Canadian pension fund PSP at a $5.5B valuation, after raising $270M at a $2.2B valuation in 2023
The Canadian AI unicorn doesn't have a viral chatbot, but it's signed on hundreds of corporate clients.
Toronto-based Brim, which offers credit card and payment tech infrastructure to financial institutions, raised an $85M Series C led by Export Development Canada
Josh Scott / BetaKit :