Everything startup in one place: who's building, how the landscape clusters, the people and investors behind it, and whether the capital is real.
Summary
Montreal has genuine venture depth: 1262 tracked companies have raised outside money, while 424 are recorded as having raised funding and 224 are at seed. That is substantial activity, though Toronto and Vancouver remain ahead in the nearby-city comparison.
WATCH Watch whether seed-stage companies secure follow-on capital rather than joining the unfunded majority.
Summary
Montreal keeps forming companies at scale, with 2257 founded since 2018, yet 12.5% of all tracked companies have shut down. The stage list is dominated by unfunded businesses, so this is a busy ecosystem with real churn, not an easy conveyor belt to capital.
WATCH Watch whether young companies progress into seed funding and acquisition instead of stalling unfunded.
cluster · 1509 companies
Business Services
325 founded since 2018 · 73 funded
Sub-themes
marketing services · 376it services · 308hr services · 209management consulting services · 172event management services · 64ai services · 53
e.g. Worldcolor, Alithya, Cofomo
cluster · 959 companies
Enterprise Applications
300 founded since 2018 · 180 funded
Sub-themes
marketingtech · 169hrtech · 165sales force automation · 63enterprise collaboration · 63artificial intelligence · 56enterprise resource planning · 50
e.g. GardaWorld, Lightspeed, Crisis24
cluster · 814 companies
Consumer
218 founded since 2018 · 117 funded
Sub-themes
fashion tech · 145professional consumer services · 113logistics tech · 90local services · 59road transport tech · 56online travel · 48
e.g. Groupe dynamite, société des alcools du québec, SSENSE
cluster · 524 companies
Retail
164 founded since 2018 · 82 funded
Sub-themes
fashion tech · 146e-commerce enablers · 50apparel brands · 41b2b e-commerce · 41beauty tech · 39home improvements · 31
e.g. Couche-Tard, Groupe dynamite, reitmans canada
cluster · 458 companies
Fintech
209 founded since 2018 · 111 funded
Sub-themes
investment tech · 112cryptocurrencies · 71payments · 67finance & accounting tech · 64alternative lending · 53banking tech · 29
e.g. Evolocity, Raymond Chabot Grant Thornton, Nuvei
cluster · 418 companies
High Tech
140 founded since 2018 · 142 funded
Sub-themes
artificial intelligence · 57chatbots · 46wearable technology · 42security & surveillance technology · 40virtual reality · 38ai infrastructure · 32
e.g. Tecsys, NanoXplore, Vention
cluster · 414 companies
Consumer Goods
95 founded since 2018 · 58 funded
Sub-themes
food & beverage products · 111apparel brands · 69beauty & personal care products · 56home furnishing products · 39fashion tech · 29pet care products · 21
e.g. Gildan, Saputo, Reitmans
cluster · 380 companies
Healthtech
169 founded since 2018 · 99 funded
Sub-themes
healthcare it · 178fitness & wellness tech · 64disease self management · 51life sciences tech · 41healthcare booking platforms · 38wearable technology · 23
e.g. Telus Health, Intelerad, MEDFAR International
cluster · 380 companies
Media & Entertainment
96 founded since 2018 · 68 funded
Sub-themes
internet first media · 68film & tv studios · 62social platforms · 43music tech · 40online photos · 31ott video · 24
e.g. Bell, Cogeco, TVA
cluster · 303 companies
Healthcare
66 founded since 2018 · 39 funded
Sub-themes
biopharma outsourcing · 69clinics · 38services for healthcare providers · 29rehabilitation and long-term care · 18clinic chains · 16cannabis services · 13
e.g. CIUSSS de l'Ouest-de-l'Île-de-Montréal, CIUSSS du Nord-de-l'île-de-Montréal, CHUM
