Let us look at some of the top 10 startups from Montreal that seem promising and were one of the highest funding startups in the city. Counted in among the top 5 cities in Canada for startups, Montreal is home to more than 2000 SME companies. Many of these companies saw a remarkable rise in funding in 2018 becoming one of the top Montreal startups to watch out for in 2019 in terms of the changes that pan out owing to the surge in investments.
Montreal ecosystem’s tech prowess is evident from the total local investments that the various tech companies in the city brought in this year. Here is a look at some of the top Montreal based startups that are expected to be in the spotlight in the coming years.
Top Montreal Startups to Watch out for in 2019
Plusgrade is a revenue enhancing solution company in the field of aerospace, and the attention it is receiving in the form of investments makes it one of the top Montreal startups to watch out for in 2019. The company was founded in 2009 by Ken Harris and helps airlines generate impressive revenues by facilitating lucrative benefits for their customers. There have been two rounds of funding so far for the Montreal based startup with the most recent one being a private equity round. The travel tech company has raised CA $200 in this round from Caisse de Depot et Placement du Quebec. The scope of growth and market penetration for Plusgrade?s services is high making it one of the top Montreal startups to watch out for in 2019.
Hopper is a travel app that helps in planning out travels using data-driven insights. The Montreal-based startup was launched by Frederic Lalonde, Joost Ouwerkerk, and Sebastien Rainville in 2007. Hopper is one of the top Montreal startups to watch out for in 2019 as it is one of many highly funded tech startups this year.? The company completed its Series D round of funding in October 2018. Led by OMERS Ventures, this round of funding helped this Montreal based startup secure $100 million amounting to total funds of $183.4 million so far. Citi Ventures, a new investor, participated in this round along with existing investors – Accomplice, Caisse de d?p?t et placement du Qu?bec (CDPQ), Investissement Qu?bec, BDC Capital, IT Venture Fund, and Brightspark Ventures.
Kaloom is a Montreal based startup that is emerging as a leader in the data center networking industry in the region. Found in 2014, the tech startup boasts of clients like Apple, Xelerated, Redback Networks, Ericsson, and 3 Com. Its AI based novel solutions for data networking and the surge in investments in 2018 make it one of the top Montreal startups to watch out for in 2019. Kaloom was founded by Laurent Marchand and Simon Williams and has revolutionized the way cloud-based data networks function with the help of completely automated processes. In November 2018, this top Montreal-based startup raised $10 million in Series A1 of funding which was led by Fonds de solidarit? FTQ and Somel Investments and featured MBUZZ Investments as a participant.
Mobeewave is one of the top Montreal startups to watch out for in 2019. It offers peer-to-peer contactless and cashless transaction solutions with just the use of a phone and no other external hardware. The Montreal-based startup has set up base in seven countries and plans to expand to more ones in the coming years. Mobeewave was founded by Benjamin du Ha?s and Maxime de Nanclasand and has collected $23.1 million in funding since its establishment in 2011. It’s most recent funding round was of Series B which was led by NewAlpha Asset Management, Mastercard and Forestay Capital. The top startup from Montreal raised $16.5 million in this round and is looking forward to getting more investors to get on board for future funding activities.
Formerly known as Inocucor Technologies, Concentric is an agtech startup developing safe plant nutrition products using a proprietary microbial consortia technology. It has had an eventful 2018 owing to the surge in funding from new and existing investors. The Montreal-based startup started the year with a new Series B funding round that helped it raise $9.5 million. Series B was held in January and was led by Pontifax Agtech and had Cycle Capital Management,? Cairn Investments, and Desjardins Innovatech. This amount combined with the first phase of Series B equity fund brought in $38.5 million. Later in April 2018, the company raised an additional $15.9 million in the third and final close of the Series B round. These funding activities have made Concentric one of the top Montreal startups to watch out for in 2019 as it promises to grow dynamically in the coming year with the help of these funds. The startup was founded by Ananda Lynn Fitzsimmons and Margaret Bywater-Ekeg?rd in 2007
mnubo was founded by Aditya Pendyala, Frederic Bastien, Jean-Charles Beaudin, and? Jean-Christophe Cimino in 2012 and is a top Iot startup in Montreal. The company has been in the spotlight for the investments it attracted in 2018 and is one of the top Montreal startups to watch out for in 2019. The IoT AI startup offers data analytics services for connected product manufacturers. mnubo got Munich Reinsurance on board to lead the Series B round of funding through which it raised CA $16.5 million. This was the third round of funding for the mnubo, and the total investments amounted to CA $22.5 million by the end of it. It is one of the top Montreal startups to watch out for in 2019 in the city?s tech segment.
Founded in 2011 by LP Maurice, Michael Gradek, and Frederic Thouin, this Montreal-based startup is an online booking platform for inter-city bus journeys. Busbud and its services have helped in doing away with paper bus schedules and routes and made them available at just a click away with its platform. The company has partnered with close to 1,400 bus companies in more than 15,000 cities. The services are present worldwide in 75 countries and can be availed in 30 currency options. In its Series B round of funding, this top startup from Montreal raised $14 million. Busbud?s growing user base and investments in the last two years has made it one of the top Montreal startups to watch out for in 2019. The investors included iNovia Capital( lead investor), Teralys Capital, Real Ventures, Erik Blachford (former CEO, Expedia), and Joe Poulin( founder and CEO, Luxury Retreats) among the others.
Algolux is leading Montreal-based startup offering automation services using machine learning for all kind of computer imaging system. The purpose of the company is to enhance the quality of imaging and vision systems across industries. Algolux?s exciting service offering has got the company a place among the top Montreal startups to watch out for in 2019.? $10 million have been invested in the company in 2018 through Series A round of funding led by? General Motors Ventures along with Drive Capital, Intact Ventures,? and existing investor, Real Ventures. Algolux was founded in 2015 by Allan Benchetrit, Daniel Nahmias-Leonard, Felix Heide, Jonathan Assouline, Patrick Arbez,? and Paul Green.
Airy3D is one of the top Montreal startups to watch out for in 2019 as its exciting technology has already grabbed the attention of the startup industry and the investors. The trailblazing computer vision technology company is offering solutions for turning 2D images to 3D ones. The Montreal-based startup has designed the technology to be compatible with platforms in diverse industries. Airy3D was established in 2015 and has completed its Series A round of funding in mid-2018. The innovative imaging solutions company raised $10 million in venture capital funding from lead investor Intel Capital and along with existing investors from its previous seed round – CRCM Ventures, Nautilus Venture Partners, R7 Partners, Robert Bosch Venture Capital (RBVC), and WI Harper Group. The startup is a product of TandemLaunch, a Montreal-based incubator, whose affiliate angel investors also participated in the Series A? round.
GHGSat is a leading satellite startup from Montreal and is a strong contender in the top Montreal startups to watch out for in 2019. The satellite startup intrigued the interest of investors and IoT satellite sectors in the region when it launched the first hi-res satellite that can measure the greenhouse emissions for any facility in the world. The company is continuously developing to become an international brand for remote sensing the emissions of harmful gases. The Montreal-based startup secured $10 million in its last phase of series A round from lead investor OGCI Climate Investments in September 2018 bringing the total amount raised till date to $20 million.
If you are an entrepreneur planning to move to Ottawa for a lucrative future, you can be assured of finding all the right frameworks for you to grow your startup from scratch.? These were some of the top Montreal startups to watch out for in 2019 with peak performances and growth in various areas with the use of the investments received this year.
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