Industry landscapes
Industry report

Funding and advertised pay are reported in USD; filed accounts retain their stated source currency and basis.

Exchange-rate basis

Indicative conversions use ECB reference rates dated 2026-09-14, applied consistently across all periods. They are not historical exchange rates. Indian rupees may use crore (1 crore = 10 million); other currencies use K, M and B. CSV downloads, source documents and quoted news headlines retain their original currencies.

THE TORONTO EDITION 2026

Toronto’s
investment industry industry,
in focus.

The companies, capital and talent shaping investment industry in Toronto. Find the leaders. Understand the segments. See where the activity is.

Snapshot: Funding in USD
Illustrated cover for Investment Industry Landscape of Toronto
CA
COMPANIES · CAPITAL · TALENT

An industry ecosystem,
measured in context.

Investment Industry illustration
MEET THE COMPANIES

Explore Toronto’s investment industry leaders

24 featured companies from the funding, hiring, revenue and team-size leaderboards.

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Investment Industry company highlights in Toronto, snapshot 1 September 2026
Company
Terra Firmatfcc.ca$35M12
Halmont Propertieshalmontproperties.ca$34.76M
Sprott Asset Managementsprott.com$30.86M159
PenEquitypenequity.com$25M15
Palisades Goldcorppalisades.ca$20.86M
Tailwind Partnerstailwindpartners.com$5.9M
CordovaCanncordovacann.com$4.34M6
Spearheadspearheadcorpdev.com$3.2M
CPP Investmentscppinvestments.com9 roles25Financial figure available in RadarView in Radar
FutureSightfuturesight.ventures8 roles22
Peloton Search Partnerspelotonsearchpartners.com8 roles
Brookfieldbrookfieldresources.com7 roles2
GWL Realty Advisorsgwlrealtyadvisors.com7 roles
Ontario Teachers\' Pension Planotpp.com7 roles1,509
Starlight Investmentsstarlightinvest.com5 roles
kipling groupkiplinggroupinc.com5 roles
A R Business Brokersaldrin.ca
Ecklereckler.ca391
Evolveevolveetfs.com
Futurpreneur Canadafuturpreneur.ca396
Hoopphoopp.com
Mastercard Foundationmastercardfdn.org939
OPTrustoptrust.com448
Ontario Pension Boardopb.ca244
24 featured companies

Locked revenue figures are available in Radar; the eight company financial previews stay the same throughout this page. A dash means the figure is outside these featured lists. Revenue years vary by company; the figures are not a like-for-like revenue comparison. Compare annual accounts ↗

Company discovery

Recorded evidence only

Explore the live startup set in Radar

No company example met every recorded classification, independence and public-profile gate in this snapshot. The live directory may have newer qualifying companies.

Explore classified startups in Radar ↗
THE KEY SIGNALS

Investment Industry industry KPIs in Toronto

A few useful ratios bring the size of this ecosystem into perspective.

1 September 2026
Hiring participation6.8%

43 of 632 tracked companies have open roles.

Funding participation2.5%

16 of 632 tracked companies have a recorded round.

Top 3 funding share60.6%

Share of disclosed capital received by the three largest recorded recipients.

Median disclosed round$1.01M

Midpoint of 34 rounds with a disclosed amount.

Scale is concentrated. Opportunity is broader. The three largest funding recipients hold 60.6% of disclosed capital, while 97.5% of tracked companies have no recorded funding round.

Explore the segments →
CAPITAL & COMPANY FORMATION

How Toronto investment industry has grown

Recorded company formation and disclosed funding across the complete annual series shown.

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2016 — 2025

Disclosed funding by year

Sum of recorded funding rounds · USD

Toronto investment industry
$0$11.29M$22.57M$33.86M$45.14M2016: $020162017: $25M20172018: $020182019: $39.6M20192020: $12.95M20202021: $1.42M20212022: $3.4M20222023: $020232024: $37.05M20242025: $15.73M2025
View the numbers
Annual investment industry funding and company formation in Toronto
YearFunding (USD)FoundedRaising
2016$0290
2017$25M361
2018$0340
2019$39.6M403
2020$12.95M444
2021$1.42M511
2022$3.4M252
2023$0170
2024$37.05M134
2025$15.73M03
WHERE CAPITAL SITS

Funding concentration

Share of all disclosed company funding.

  • Terra Firma21.1%
  • Halmont Properties20.9%
  • Sprott Asset Management18.6%
  • Other companies39.4%

Funding by stage

37 recorded rounds since 2016

NUMBER OF ROUNDS
Seed & Angel19 51.4%
Series A–B2 5.4%
Series C+ / PE0 0.0%
Grants, debt & other16 43.2%

Recent recorded rounds

Latest recorded rounds · USD
0 rounds

Swipe or scroll horizontally to browse.

Largest and notable recorded rounds

Each card is one recorded round
10 cards

Swipe or scroll horizontally to browse.

THE BUSINESS BEHIND THE ACTIVITY

Revenue, profitability & financial strength

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Annual accounts availability

The measured Canada identity-to-filing probe did not produce a qualifying designated legal or national-ID join: world_filings_distributed exposes no reviewed Canadian national-ID key; none of the designated Canadian identities carried a CIK.; The measured Canada identity-to-filing probe did not produce a qualifying designated legal or national-ID join: world_filings_distributed exposes no reviewed Canadian national-ID key; none of the designated Canadian identities carried a CIK.

INSIDE THE INDUSTRY

The Toronto investment industry market map

Explore the segments behind the headline numbers.

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Where companies are building

Rank segments by scale, hiring or disclosed funding.

Enterprise tech14
Social impact funds12
Pension funds9
Enterprise software5

Companies can sit in several segments. Counts and funding overlap.

SEGMENT TO EXPLORE

Enterprise tech

The largest measured segment in this report snapshot.

14companies
7.1%have hiring activity

1 companies hiring · $0 disclosed funding

Explore in Radar

How companies make money

Common revenue models; a company can use more than one.

Fee-for-service535
Commission on transaction342
E-commerce - service83
Advertising77
Subscription31
E-commerce - product10
Physical commerce7
Lending5
THE COMPANIES IN MOTION

Who is listing, hiring leaders, launching and winning work

Recorded corporate activity linked to companies in this landscape.

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Recent corporate headlines 10 dated reports
Mergers & acquisitionsfirsttrust.ca ↗

First Trust Advisors LP raised its position in Applied Materials by 4.9% during the third quarter. ... worth $635,057,000 after acquiring an additional 145,050 shares in the last quarter.

Funding roundsquarterhill.com ↗

today announced three new project awards totaling approximately $2.4 million from the California Department of Transportation ('Caltrans').

Mergers & acquisitionsbentallkennedy.com ↗

Sun Life formed BGO in July 2019 through the merger of Bentall Kennedy with global real estate investment firm GreenOak, contributing its Bentall Kennedy interest (valued at C$482 million at the time of the transaction) and investing C$195 million ( US$146 million ) in cash to acquire a 56% majority stake.

Mergers & acquisitionsoverbaycapital.com ↗

Middle-market buyout shop Charlesbank Capital Partners LLC agreed to buy a stake in Overbay Capital Partners Inc.

Mergers & acquisitionscppinvestments.com ↗

Equinix and Canada Pension Plan Investment Board (CPP Investments) have announced the acquisition of Nordic data center operator atNorth from Partners Group for $4 billion.

Mergers & acquisitionsslateam.com ↗

Slate Asset Management (“Slate” or the “Firm”), a global investor and manager focused on essential real estate and infrastructure, and private markets investment management firm Hamilton Lane (Nasdaq: HLNE), announced today the acquisition of a majority equity stake in Cold-Link Logistics (“Cold-Link” or the “Company”).

Funding roundspalisades.ca ↗

Palisades Goldcorp Ltd. (TSXV: PALI) announced today that further to its May 21, 2025 news release, the Company has agreed to extend the maturity date of its secured convertible note in the principal amount of C$4,161,600.

Funding roundskinterracapital.com ↗

Kinterra Capital Corp. ('Kinterra') and its operating subsidiary, Southwest Critical Materials LLC, are pleased to announce receipt of a Non-Binding Letter of Interest from the Export-Import Bank of the United States ('EXIM') indicating potential debt financing of up to US $200 million under EXIM's Make More in America Initiative.

Mergers & acquisitionsotpp.com ↗

The Canadian Ontario Teachers' Pension Plan (OTPP) has reached a final agreement with the US private capital firm Adventist International to acquire 100% of the Donte Group dental group, the matrix of brands such as Vitaldent, Smysecret, Moonz and Maex. The operation, valued at more than 1 billion euros, is expected to close by the end of 2025, as reported by both parties on Tuesday.

Mergers & acquisitionspredictiv.ai ↗

Predictiv AI Inc. has entered an amended letter of intent to acquire Shift Technologies Canada Inc. and HouseStack Holdings Inc.

Full recorded event mix

Top 10 categories among 300 recorded events in the 24-month window.

Leadership moves
58
Earnings
57
Asset acquisitions
48
Mergers & acquisitions
39
Contracts
18
Funding rounds
17
Board Updates
16
Company announcements
15
Fundraising
14
Regulatory
9
6 activity cards

Swipe or scroll horizontally to browse.

Leadership moves

8 tracked people moves

Josh Borys

Appointment Managing Director

Thomas Moewe

Appointment ServiceNow Leader, M&A Advisor

Neil Kaufman

Appointment chief administrative officer

Caitlin Gubbels

Appointment Global Head of Private Equity

Bassam Moubarak

Resignation

Jeff Stieber

Appointment Chief Financial Officer

Sewit Ahderom

Appointment President and CEO

Reeta Roy

Departure Previously President and CEO

Product launches

Products, platforms and features in the recorded window

Quarterhill ↗
Next Generation Toll Lane System

Tolling system

Sprott Active Metals & Miners ETF

ETF

Workforce actions

1 companies with reported reductions

Quarterhill ↗

100 rolescost reduction

Litigation

1 tracked suits

Company
mastercard foundation v 54 Collective

financial misconduct and diversion of charitable fundsCivil · Ongoing

Earnings pulse

Reported company results in the recorded window.

11companies
50period observations
4.0%median reported growth

Median across 27 reported growth observations; companies may contribute multiple periods.

Mergers and acquisitions

Company-linked deal reports; status is preserved as recorded.

Acquirer → targetStatusDateValue / context
FT Portfolios Canadaapplied materialsCompleted2026-04-19$635.1M
Ontario Teachers\' Pension Planomega healthcareCompleted2026-04-13$1.8B
Bentall KennedygreenoakCompleted2026-03-30Not stated in snapshot
charlesbank capital partnersOverbay ↗Announced2026-03-13Not stated in snapshot
CPP InvestmentsatnorthAnnounced2026-02-27$4.0B
CPP InvestmentsinkiaAnnounced2026-02-12$3.4B

A discussion or rumour is not a completed transaction. An unstated value is not zero.

PEOPLE & OPPORTUNITY

The talent market

4,056 postings in the preceding 12 months. The full 6,202-posting snapshot covers 40 employers.

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Most advertised job titles

Private Banker30
Financial Planner, Scotia Financial Planning Sudbury20
Financial Planner, Scotia Financial Planning Pickering, Whitby, Oshawa, Ajax, Clarington19
Associate Private Banker17
Software Engineer15
Financial Planner, Scotia Financial Planning Montreal West13
0 internship postings

13 tracked postings mention remote work.

The seniority mix

2,311 postings specify a level.

unspecified
3,891
manager
993
senior
959
lead
269
intern
51
entry
39

Skills employers mention

Top skills across 6,202 tracked postings in the available jobs snapshot.

Accounting Administration,Cost Reporting,
1
Webdriver
1
Javascript
1
Css
1
Less
1
Graphql
1
Git
1
Typescript
1
Reactjs
1
Jest
1
ADVERTISED PAY$52.4K/ year

Median across 380 postings with pay data, expressed in USD.

Salary by seniority

manager$73.8K/ year46 postings
senior$51.8K/ year79 postings

Advertised posting medians do not describe all employees or roles.

THE PEOPLE BUILDING THE FIELD

Founders and leaders

423 founders and chief executives across 393 companies.

Expand panel +
12 profiles

Swipe or scroll horizontally to browse.

Education networks

108 profiles with education records.

University of Toronto
35
Queen's University
10
York University
9
Harvard Business School
9
Harvard University
8
University of Waterloo
7
London School of Economics and Political Science
6
Kellogg School of Management
5

Prior employers

11 profiles with prior-work records.

Goldman Sachs
3
McKinsey
3
Boston Consulting Group
2
Microsoft
1
Morgan Stanley
1
Bain
1
Facebook
1

Profiles cover recorded founders and leaders; contact details remain in Radar.

NEWS INTELLIGENCE

How this industry appears in the news

70,886 articles in the measured 12-month window.

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70,886articles in the measured year
18,228articles in 2026Q1
72.1%positive tone in the latest complete year

News volume trends

Investment Industry coverage tagged Toronto · articles per complete quarter

08,22616,45224,67932,9052021Q2: 18,3102021Q22021Q3: 17,9592021Q4: 13,5192022Q1: 18,3702022Q2: 18,0802022Q22022Q3: 17,0082022Q4: 18,3232023Q1: 17,1732023Q2: 19,2082023Q22023Q3: 18,7572023Q4: 18,0472024Q1: 22,6652024Q2: 23,3902024Q22024Q3: 21,2542024Q4: 23,6542025Q1: 28,6132025Q2: 19,5012025Q22025Q3: 23,4822025Q4: 15,5912026Q1: 18,2282026Q1
View quarterly article counts
QuarterArticles
2021Q218,310
2021Q317,959
2021Q413,519
2022Q118,370
2022Q218,080
2022Q317,008
2022Q418,323
2023Q117,173
2023Q219,208
2023Q318,757
2023Q418,047
2024Q122,665
2024Q223,390
2024Q321,254
2024Q423,654
2025Q128,613
2025Q219,501
2025Q323,482
2025Q415,591
2026Q118,228

Article volume measures coverage, not market sales.

Tone of coverage over time

2021
40,586 positive · 837 neutral · 12,365 negative
2022
50,909 positive · 1,416 neutral · 19,284 negative
2023
52,242 positive · 1,149 neutral · 19,619 negative
2024
65,529 positive · 1,439 neutral · 23,762 negative
2025
62,706 positive · 1,460 neutral · 22,864 negative

Company share of voice

312 recorded company events across 33 companies; percentages use that event total.

MergeCo ↗mergeco.com
15.1% 47 events
Palisades Goldcorp ↗palisades.ca
13.8% 43 events
Quarterhill ↗quarterhill.com
11.9% 37 events
Starlight Investments ↗starlightinvest.com
7.1% 22 events
Sprott Asset Management ↗sprott.com
6.7% 21 events
brookfield infrastructure partners ↗bip.brookfield.com
5.1% 16 events
The DMZ ↗dmz.ryerson.ca
5.1% 16 events
CPP Investments ↗cppinvestments.com
3.8% 12 events

Leading coverage topics

Investment Industry coverage tagged Toronto · ranked by full-period article count.

Administrative And Political Subdivisions4,192,770 articles in the full recorded period
899,080 recent · 769,874 prior
Geographic Naming Conventions And Etymology81,544 articles in the full recorded period
44,908 recent · 8,623 prior
International Sports Competitions39,682 articles in the full recorded period
9,972 recent · 9,837 prior
Trade Policies And Agreements34,606 articles in the full recorded period
10,529 recent · 20,264 prior
International Political Relations29,134 articles in the full recorded period
9,213 recent · 7,887 prior
Olympic Games Coverage23,397 articles in the full recorded period
5,767 recent · 5,954 prior
Professional League Updates18,188 articles in the full recorded period
2,827 recent · 2,930 prior
Sports Broadcast Rights Updates17,349 articles in the full recorded period
2,168 recent · 3,351 prior
Security And Defense Policies16,864 articles in the full recorded period
4,769 recent · 4,293 prior
Mergers And Acquisitions Activity Updates16,687 articles in the full recorded period
4,580 recent · 4,060 prior

Recent and prior counts use the source comparison windows.

Topics gaining and losing attention

Canada comparison coverage

KeywordRecentPriorChange
startup news1,975561252%
stock price1,30890644%
multilateral diplomacy1,06973146%
angel investors1,036405156%
investment deal1,00753389%
ice sports883231282%
international cups81757343%
market snapshot801215273%
wto rulings75639392%
share price71146653%
tariff negotiations6,30215,345-59%
free trade deals3,1326,385-51%
trade dispute mechanisms2,9314,670-37%
bilateral trade1,9193,515-45%
preferential tariff1,2863,326-61%

Event and signal lenses

Canada comparison coverage

All complete annual cohorts shown
Rising

Regulatory Risk

607,067 classified articles

tariff negotiations, free trade deals, trade dispute mechanisms

35.3% critical · 35.8% positive
Rising

Funding Momentum

163,210 classified articles

angel investors, investment deal, initial public offering

27.9% critical · 43.5% positive
Rising

Growth

238,477 classified articles

earnings report, league expansion news, quarterly financials

26.3% critical · 46.9% positive

Investment Industry coverage tagged Toronto. Topic labels describe recorded classifications and can include broad context.

UNDERSTAND THE LANDSCAPE

Investment Industry in Toronto: key questions

Clear definitions for making better comparisons.

What does this landscape measure?

It measures the tracked company ecosystem, recorded funding, hiring and other available evidence. It is not a market-size estimate.

Can segment counts be added together?

No. A company can belong to several segments, so segment counts and funding can overlap.

What does a missing figure mean?

A dash or unavailable panel means the current reviewed source snapshot does not support that figure.

Company ecosystem snapshot: 1 September 2026. Funding is recorded in USD; filed accounts retain their stated currency and reporting basis. Each section identifies its own coverage. The news and research behind these sections is explorable in Prism.

Canonical landscape ↗
Coming soon