Best Retail Companies in Canada
The 2451 best Retail companies in Canada in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: TerrAscend.
Canada's Retail sector is the focus here, with 2,451 companies tracked and ranked by disclosed equity funding and recent funding momentum. $5.4 billion in total disclosed funding. Two unicorns. That's the prize already on the table before you even factor in where the global curve is heading.
And the curve is bending hard. Global retail is forecast to climb from $795.6B in 2024 to $1,283.6B by 2034, a steady 4.0% CAGR driven by immersive technologies, GenAI adoption, and shifting consumer demand. On the app side, median installs across 806 retail and internet retail apps grew roughly 20% YoY, which tells you where attention and dollars are flowing. TerrAscend leads our directory at $472M raised, with Elastic Path Software ($144M) and BuildDirect ($150M) not far behind. I find the funding spread here genuinely interesting, because it spans cannabis retail, e-commerce infrastructure, and home goods, all under one national umbrella. Hot themes right now are retail expenditure trends, CPI movements, and inflation breakdowns. So if you're hunting where the momentum actually lives in Canadian retail, this ranked list is where to start.
- Shein's “Supply Chain as a Service”: Reshaping Retail Logistics
- DIY retailers: number of stores in Austria 2011-2022
Ranked: Best Retail companies in Canada
| # | Company | Disclosed funding | Last round | Stage | Employees | Founder | Tech stack | Market signals (1y) | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | TerrAscend Retailer of cannabis dispensaries and medical products | $472M | 13 mo ago | Public | 36 | — | WordPressApple iCloud MailMySQL+28 | 11 signals ▼35% Earnings · Layoffs · Buyback | 5 patents Modular floating offshore platforms and containerized marine infrastructure. | 1 job opening |
| 2 | Lightspeed Provider of point of sale and payment platform for businesses | $292M | 104 mo ago | Public | 3,000 | Dax Dasilva CEO & ex-Founder | Cart FunctionalityWordPressSentry+41 | 43 signals ▼20% Earnings · New product · Leadership | — | — |
| 3 | HEXO Brand of cannabis based products 57Funding top 36%Market top 37%Talent top 39%News bottom 39% All 5 signals ▾Fundingtop 36% Markettop 37% Talenttop 39% Newsbottom 39% Globalbottom 29% Funding: Raised $246M across 4 rounds · 4 rounds over 7 yrs (0.6/yr) Market: 689 employees (top 17% of Food and Agriculture) rank vs industry peers · Fliar Intelligence Index 57/100 | $246M | 36 mo ago | Acquired | 689 | Sebastien St-Louis Founder | — | — | — | — |
| 4 | Shoplazza Marketing services provider | $199M | 52 mo ago | Series C | 300 | Junfeng Li Co-Founder | Cart FunctionalityHubSpot CMS HubApple iCloud Mail+30 | — | — | — |
| 5 | Flowr Provider of cannabis products | $196M | 58 mo ago | Public | — | — | — | — | — | — |
| 6 | RenoRun Tech-enabled marketplace for buying construction materials 57Funding top 32%Market top 38%Product top 49%Moat bottom 38% All 6 signals ▾Fundingtop 32% Markettop 38% Producttop 49% Moatbottom 38% Globalbottom 36% Newsbottom 32% Funding: Raised $173M across 4 rounds · 4 rounds over 8 yrs (0.5/yr) Market: 266 employees (top 16% of Real Estate and Construction Tech) rank vs industry peers · Fliar Intelligence Index 57/100 | $173M | 54 mo ago | Deadpooled | 266 | — | — | — | — | — |
| 7 | Sheertex Internet First Brands offering performance fabric panties | $161M | 49 mo ago | Series C | 190 | — | ShopifySentryHeadless UI+26 | — | 40 patents Durable, rip‑resistant textiles using ultra‑high‑molecular‑weight polyethylene fibers and aerogels | — |
| 8 | BuildDirect Online B2B marketplace for building and home improvement products 74Funding top 17%Tech top 32%Product top 32%Growth top 35% All 9 signals ▾Fundingtop 17% Techtop 32% Producttop 32% Growthtop 35% Innovationtop 38% Moattop 39% Markettop 43% Globalbottom 45% Newsbottom 27% Funding: Raised $150M across 8 rounds · 8 rounds over 14 yrs (0.6/yr) Tech: 84 technologies across 5/8 capability areas · Cloud: Amazon Alb, Amazon Ses rank vs industry peers · Fliar Intelligence Index 74/100 | $150M | 11 mo ago | Public | 101 | — | Cart FunctionalityShopifyWordPress+42 | — | — | — |
| 9 | FLIP-INC.COM Online live shopping platform offering multi-category products | $144M | 26 mo ago | Series C | — | Gui Moreira Managing Director | — | — | — | — |
| 10 | Vendasta Provider of an AI-powered platform automating marketing, sales, and operations | $144M | 60 mo ago | Series D | 677 | Allan Wolinski Co-Founder | WordPressApple iCloud MailGoogle Workspace+26 | 3 signals ▲50% Leadership | 2 patents Cross‑platform social graph integration and unified social media data aggregation | — |
| 11 | Elastic Path Software API-based enterprise commerce software and content management platform | $144M | 18 mo ago | Series C | 216 | — | Cart FunctionalitySentryTailwind CSS+31 | — | 15 patents Stateless microkernel web server architecture for headless e‑commerce APIs and hypermedia state encoding | 2 launchs |
| 12 | OSF Digital Provider of global commerce and digital cloud transformation services | $143M | 50 mo ago | Series C | 2,047 | Gerard Szatvanyi Founder | TurbopackNode.jsZoho+25 | — | — | 1 partnership |
| 13 | Primaris REIT Retailer of shopping centres | $134M | 15 mo ago | Public | 400 | Alex Avery CEO | Apple iCloud MailMicrosoft 365Ruby+22 | — | — | 1 award |
| 14 | Auxly Provider of platform to manage cannabis manufacturing operations in industries | $133M | 40 mo ago | Public | 420 | Ian Rapsey Co-Founder | WordPressApple iCloud MailMicrosoft 365+13 | 18 signals ▼18% Earnings · Announcements · Funding | — | 3 job openings |
| 15 | SNDL Brand of cannabis liquor | $128M | 69 mo ago | Public | 5 | — | BugHerdZendeskApple iCloud Mail+16 | — | — | 3 job openings |
| 16 | Paystone Provider of payment processing solutions, terminals, and point of sale systems | $99M | 58 mo ago | Series C | 200 | — | HubSpot CMS HubApple iCloud MailGoogle Workspace+27 | — | 6 patents Integrated payment processing platforms with built-in customer loyalty and rewards functionality. | — |
| 17 | Entourage Health Producer, extractor, processor, and distributor of cannabis | $94M | 63 mo ago | Public | 211 | — | Cart FunctionalitySquarespace CommerceSquarespace+17 | — | — | — |
| 18 | Flipp Provider of a platform for browsing digital flyers and coupons | $77M | 24 mo ago | Acquired | 452 | — | WordPressApple iCloud MailGoogle Workspace+31 | — | 29 patents Digital flyer creation, organization, and interactive advertising platform technology. | — |
| 19 | Lillio Provider of daycare management solution | $61M | 54 mo ago | Series B | — | Alana Frome Co-Founder | ContentfulUnbounceReact+29 | — | — | — |
| 20 | 360insights SaaS-based loyalty solution for sales channels | $48M | 21 mo ago | Series C | 609 | Jason Atkins CEO | HubSpot CMS HubGSAPAmazon Web Services+23 | — | — | 1 award |
| 21 | Dozr Online marketplace providing rental access to construction and industrial equipment 48Tech top 27%Talent top 28%Moat top 31%Product top 39% All 11 signals ▾Techtop 27% Talenttop 28% Moattop 31% Producttop 39% Fundingtop 43% Marketbottom 49% Innovationbottom 45% Globalbottom 36% Growthbottom 35% Patentsbottom 28% Newsbottom 21% Tech: 39 technologies across 5/8 capability areas · Cloud: Cloudflare, Vercel Talent: 3 named leaders on record · 3 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 48/100 | $44M | 52 mo ago | Series B | 86 | Erin Stephenson Co-Founder & CMO | Node.jsVimeoReact+24 | — | 2 patents Machine usage monitoring and control systems for industrial equipment | — |
| 22 | Monos Internet first brand offering smart luggage bags | $40M | 44 mo ago | Series B | 78 | Daniel Shin Co-founder at Monos.com / COO | Cart FunctionalityShopifyApple iCloud Mail+39 | — | — | 2 launchs · 2 awards |
| 23 | Green Tank Technologies Private label brand of vape products | $30M | 38 mo ago | Series B | 78 | — | Cart FunctionalityWordPressMySQL+30 | — | 17 patents Design and manufacturing of industrial vaporizer units and power modules | 1 job opening · 3 launchs |
| 24 | ChopValue Online retailer offering multi-category home improvement products | $24M | 21 mo ago | Series A | 35 | Thalia Otamendi Co-Founder | ShopifyBootstrapShop Pay+25 | — | — | 1 expansion |
| 25 | Nolk Platform for acquiring digital-first brands | $22M | 35 mo ago | Series A | 126 | Alexandre Renaud Co-Founder & CEO | WebflowApple iCloud MailGoogle Workspace+17 | — | — | — |
| 26 | Looki Developer of multimodal personal AI wearable device for self-insight | $20M | 5 mo ago | Series A | — | Bocong Liu Co-Founder & CTO | Cart FunctionalityShopifyThree.js+21 | — | — | — |
| 27 | Sampler Provider of SaaS-based retail sampling solutions | $11M | 28 mo ago | Series A | 56 | — | Apple iCloud MailTypeScriptTinyMCE+11 | — | — | — |
| 28 | Acuva Technologies Provider of UV-LED systems for water, air, and surface treatment | $10M | 34 mo ago | Acquired | 55 | Fariborz Taghipour Co-Founder | WordPressMySQLPHP+19 | — | — | — |
| 29 | Simply Solventless Retailer of CBD concentrates | $8M | 16 mo ago | Public | 10 | Jeffrey Swainson Founder & CEO | WebflowVimeoYouTube+13 | 10 signals ▼64% Earnings · Leadership · Announcements | — | — |
| 30 | GPHY Internet first brand offering wireless chargers | $7M | 19 mo ago | Seed | 14 | — | — | — | 9 patents Wireless power transfer and interfacing solutions for docking and communication devices | — |
| 31 | Paperstack Provider of operation management solutions for e-commerce brands 14Talent top 38%Funding top 41%Tech bottom 42%Global bottom 37% All 5 signals ▾Talenttop 38% Fundingtop 41% Techbottom 42% Globalbottom 37% Marketbottom 15% Talent: 2 named leaders on record · 2 C-suite/founder profiles curated Funding: Raised $6.7M across 3 rounds · 3 rounds over 5 yrs (0.6/yr) rank vs industry peers · Fliar Intelligence Index 14/100 | $7M | 10 mo ago | Series A | 4 | Vadim Lidich Co-Founder | Webflow EcommerceWebflowcore-js+10 | — | — | — |
| 32 | Eli Provider of AI-base smart devices for women to monitor reproductive health 72Innovation top 25%Growth top 25%News top 25%Tech top 31% All 11 signals ▾Innovationtop 25% Growthtop 25% Newstop 25% Techtop 31% Talenttop 38% Fundingtop 40% Moattop 44% AItop 45% Producttop 46% Globalbottom 39% Marketbottom 31% Innovation: 4 new-product events in 24 mo · Deep-tech classification: Tech Hardware Growth: Fresh capital in last 24 mo rank vs industry peers · Fliar Intelligence Index 72/100 | $7M | 12 mo ago | Series A | 19 | Marina Rivas Co-Founder & CEO | Cart FunctionalityShopifyShop Pay+28 | 4 signals ▲300% New product | — | — |
| 33 | Giftagram App based marketplace to send curated gifts | $6M | 16 mo ago | Seed | 30 | Jason Reid CEO & Co-Founder | WixSentryBootstrap+25 | — | 3 patents Network access control and authentication systems for secure communications | — |
| 34 | Rebelstork Online marketplace platform offering baby care products | $6M | 13 mo ago | Series B | 23 | Emily Hosie Founder & CEO | — | — | — | — |
| 35 | PesoRama Retail chain of convenience store products | $5M | 12 mo ago | Public | 125 | Erica Fattore CEO | WordPressMySQLPHP+19 | 9 signals Announcements · Funding · Leadership | — | — |
| 36 | INEO Digital OOH advertising system for retail stores | $4M | 5 mo ago | Public | 27 | Greg Watkin President & Founder | WordPressMySQLPHP+33 | — | 10 patents Retail anti-theft RFID pedestals with integrated digital signage and display technology | 1 launch |
| 37 | Xatoms AI and quantum startup revolutionizing water purification with new materials 22Funding top 46%Talent bottom 49%News bottom 38%Market bottom 37% All 5 signals ▾Fundingtop 46% Talentbottom 49% Newsbottom 38% Marketbottom 37% Globalbottom 36% Funding: Raised $3.2M across 3 rounds · 3 rounds over 1 yrs (3.0/yr) Talent: 1 named leader on record · 1 C-suite/founder profile curated rank vs industry peers · Fliar Intelligence Index 22/100 | $3M | 4 mo ago | Seed | — | Diana Virgovicova Founder & CEO | — | — | — | — |
| 38 | PemPem Provider of agricultural product traceability solutions 45Growth top 35%Tech top 35%Funding top 44%Product bottom 48% All 7 signals ▾Growthtop 35% Techtop 35% Fundingtop 44% Productbottom 48% Talentbottom 45% Globalbottom 36% Marketbottom 27% Growth: Fresh capital in last 24 mo Tech: 33 technologies across 5/8 capability areas · Cloud: Cloudflare, Google Cloud rank vs industry peers · Fliar Intelligence Index 45/100 | $3M | 13 mo ago | Series A | 25 | Joann Zegher Founder & CEO | SkolengoMariaDBJava+15 | — | — | 2 internships |
| 39 | Uresta Provider of a reusable device for the management of urinary incontinence | $3M | 14 mo ago | Seed | 5 | Lauren Barker CEO | Cart FunctionalityShopifyAmazon ALB+25 | — | — | — |
| 40 | EMERGE Commerce Online platform acquiring e-commerce brands and businesses | $3M | 3 mo ago | Public | 25 | Ghassan Halazon Founder & CEO | Q4MediaElement.jsMicrosoft ASP.NET+13 | 5 signals ▼44% Earnings · Acquisition | — | — |
| 41 | Marlow Internet-first brand offers tampons | $2M | 20 mo ago | Seed | — | Harit Sohal Co-Founder | — | — | — | — |
| 42 | Molecule Brand of cannabis infused beverage products | $2M | 18 mo ago | Acquired | 13 | Andre Audet Co-Founder | — | — | 2 patents Child‑proof sealing mechanisms for beverage containers | — |
| 43 | SNAPS Online retailer of hat clips, hats, and related golf accessories | $2M | 22 mo ago | Seed | 3 | Luis Brualla Founder - Head of Creative and Product Development. | Cart FunctionalityShopifyRoute+23 | — | — | — |
| 44 | SecondShop Online platform offering second hand appliances at discounted prices | $1M | 21 mo ago | Seed | — | Cedric George Founder & President | Cart FunctionalityShopifyReact+27 | — | — | — |
| 45 | AutoMatoAI Provider of AI-based product optimization solutions for e-commerce businesses | $1M | 15 mo ago | Seed | — | Abdul Khan Co-Founder & CEO | — | — | — | — |
| 46 | Ecomtent Provider of AI-powered product listing optimization for ecommerce merchandising | $647K | 18 mo ago | Seed | — | Max Sinclair Co-Founder & CEO | Webflow EcommerceWebflowHubSpot+17 | — | 2 patents Generative AI tools for e‑commerce content and layout customization | — |
| 47 | Soundskrit Private label microphone brand | $641K | 4 mo ago | Seed | 37 | Sahil Gupta Co-Founder | WordPressMySQLPHP+26 | — | 37 patents Advanced MEMS microphone and acoustic beamforming technologies for shared-channel audio systems | — |
| 48 | Partage Club Online platform that facilitates borrowing of goods between neighbors | $504K | 6 mo ago | Seed | — | Fauve Doucet Founder & CEO | Cart FunctionalitySquarespace CommerceSquarespace+19 | — | — | 3 job openings · 1 expansion |
| 49 | DG1 Cloud based marketing and business software | $316K | 13 mo ago | Early Stage | 20 | — | Cart FunctionalityUnbounceNode.js+25 | — | — | — |
| 50 | Debrand Wholesaler of textile products | $237K | 11 mo ago | Seed | 16 | Wes Baker Co-Founder & Director | WordPressMySQLPHP+27 | — | — | 1 partnership |
Top 12 Retail companies in Canada
#1
Public · Mississauga, Ontario · founded 2017 · 36 employees$471.8Mraised▾
Retailer of cannabis dispensaries and medical products
- May 2025Post IPO$1.3M
- Jun 2023Post IPO$20.5M
- Jan 2021Post IPO$175.4M
- Jun 2020Post IPO$19.6M
#2
Public · Vancouver, British Columbia · founded 1999 · 101 employees$149.7Mraised▾
BuildDirect is an online B2B marketplace for building and home improvement products. The product catalog includes tiles, carpets, roofing materials, and kitchen and bathroom products. The commission taken varies according to the product. It provides a virtual tool to design and customize renovations on a blueprint. It also offers affiliation programs.
- Jul 2025Post IPO$5.1M
- Dec 2022Post IPO—
- Nov 2022Post IPO—
- Sep 2022Post IPO$2.3M
#3
Series A · Toronto, Ontario · founded 2024$20Mraised▾
Developer of multimodal personal AI wearable device for self-insight. The device records daily activities and provides personalized feedback. It analyzes recorded data to offer insights related to habits and behaviors.The wearable uses multimodal AI to analyze information and provide personalized responses.
- Jan 2026Series A$20M
#4
Public · Toronto, Ontario · founded 2003 · 400 employees$134Mraised▾
Retailer of shopping centres
- Feb 2025Post IPO$134M
#5
Series C · Vancouver, British Columbia · founded 2000 · 216 employees$143.6Mraised▾
Elastic Path provides an API-based enterprise commerce software and content management platform. It adds e-commerce functionality including commerce engine, customer engagement, promotions & payments, catalogs management, search & merchandising, account management, payments, PIM, etc. It also offers pre-built applications including chatbot, augmented reality & voice commerce. The clients of the company include illumina, Breville, TESLA, Motability, etc.
- Nov 2024Series C$5.1M
- Dec 2022Series C$30M
- Feb 2022Series C$60M
- Jun 2018Series B$32.6M
#6
Public · Toronto, Ontario · founded 2016 · 25 employees$2.5Mraised▾
Online platform acquiring e-commerce brands and businesses. It identifies and invests in digital-first brands including lifestyle, home, and more. It allows businesses to manage business with the product, merchandising, technology, supply chain, process optimization, demand planning, marketing strategy, and more.
- Feb 2026Post IPO$1.8M
- Apr 2025Post IPO$140.5K
- Jul 2023Post IPO$568.5K
- Feb 2021Post IPO—
#7
Seed · Toronto, Ontario · founded 2019$3.2Mraised▾
AI and quantum startup revolutionizing water purification with new materials. It uses AI algorithms to identify molecular structures for photocatalysts and other water treatment materials. It leverages AI-assisted molecule discovery to develop efficient and sustainable water treatment solutions that can be deployed in areas with limited access to clean water.
- Jan 2026Grant (prize money)$226.8K
- Jun 2025Seed$2M
- 2025Grant (prize money)$1M
#8
Public · Surrey, British Columbia · founded 2016 · 27 employees$3.8Mraised▾
Digital OOH advertising system for retail stores. The platform provides digital signage for retailers to display the ads. It includes an ad analytics and reporting feature that provides insights into ad performance and traffic data.
- Dec 2025Post IPO$1.2M
- Feb 2025Post IPO$362.4K
- Jan 2025Post IPO$694.7K
- Dec 2024Post IPO$1.6M
#9
Series A · Toronto, Ontario · founded 2021 · 4 employees$6.7Mraised▾
Provider of operation management solutions for e-commerce brands. Its solutions include inventory management, advertising, finance payroll, and more.
- Aug 2025Series A$3.6M
- Feb 2023Series A$6.7M
- Feb 2023Conventional Debt—
- Sep 2022Seed—
#10
Series A · Montreal, Montreal · founded 2019 · 19 employees$6.6Mraised▾
Eli is a provider of AI-based smart devices for women to monitor reproductive health. The platform provides a point-of-care device for women to get their everyday hormone profile, at home, from a saliva sample. The device helps to monitor their reproductive lives, including contraception, fertility, and menopause. It also provides an AI-based mobile app that enables users to interpret the information collected by the device and make informed decisions.
- Jun 2025Series A$12M
- Jan 2025Seed$1.1M
- Apr 2023Seed$3.7M
- Dec 2020Seed$1.5M
#11
Series C · Whitby, Ontario · founded 2009 · 609 employees$47.6Mraised▾
360 insights offer a Saas based platform for managing loyalty solutions for clients and sales distributors. It offers sales incentive management, rebate management, sell through allowance tracking, MDF and co-op funds management, sales training for distributors and also compiles channel loyalty data and provides insights based on that. The solution offered by the company can be used in sectors such as automotive, insurance, retail, manufacturing, and telecom. Its major clients are Samsung, Motorola, Siemens, Haier, SONY, GE, Bosch, Whirlpool, and Yokohama.
- Sep 2024Conventional Debt—
- Oct 2016Series C$30M
- Jan 2016Series B$10M
- Jan 2013Series A$7.7M
#12
Seed · Montreal, Montreal · founded 2017 · 37 employees$640.9Kraised▾
Soundskrit is a private label microphone brand. Some of the device features are small in size, high fidelity audio, dynamically locate & separate voices sources. Claims that it can be used in smartphones, smart home devices, hearables, automotive, security & conferencing devices.
- Jan 2026Seed—
- Jan 2018Seed$640.9K
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Retail coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising