Quebec City?s startup ecosystem is young and an important hub in the region for entrepreneurial activities.? It is one of the oldest cities in Canada and has a lot of untapped startup potential that is yet to be explored.
The city is making a transition from being just a culturally important city to becoming an important region for startups. Several companies in the city raised significant funding in the last two years and now have emerged as one of the top Quebec City startups for 2019. ?Here are some of the top ones from the tech sector that are expected to show phenomenal growth in the coming years.
Top Quebec Startups to Watch out for in 2019
Leddartech is smart light detection and ranging(LiDar) solutions provider company that was founded in 2008 and has been in the spotlight this year for its funding activities. The Quebec City based startup,offers LiDar services and products that are not just innovative and top class but also affordable for applications in the automotive, smart transport, drone and UAV, and commercial vehicle segments. In September 2017, this top startup in Quebec City raised $101 million from its Series C round from lead investor OSRAM and four other participant investors. Their novel Leddar signal processing technologies which have been developed even more after the funding makes the company one of the top Quebec City startups for 2019 and also gives the company?s services an edge over the conventional LiDAr solutions.
One of the top Quebec City startups for 2019, Coveo is an innovative computer software company for enhancing customer interaction for enterprises. The company was founded by Laurent Simoneau, Marc Sanfacon, and Richard Tessier who also play important roles in the leadership team. Coveo has grown steadily since its inception and risen to become one of the promising top Quebec city startups for 2019 with its platform that helps businesses make their customer?s interaction on various channels more personalised using AI. In a private equity round held in 2018, the Quebec City-based startup raised $100 million, the largest amount it has raised in any of its funding rounds so far.
XpertSea Solutions is a Quebec city based startup that is revolutionising aquaculture practices? using technology. The startup has raised $9.2 million since its inception in 2009. The company was founded by Cody Andrews, Fran?ois Robitaille, Sylvie Lavigne, and Val?rie Robitaille and is now a contender among top Quebec City startups for 2019 for its pioneer work. XpertSea Solutions leverages AI and machine learning to offer effective and advanced methods for managing seafood farms. The Quebec City based startup pocketed CAD 10 million in Series A round of funding led by Obvious Ventures and Aqua-Spark with Real Investors, an existing investor who participated in the Seed round three years back.
Till date, this Quebec city based startup has completed three funding rounds raising CAD 17 million. Alexandre Leclerc and Antoine Bisson founded Poka Inc. in 2013 to introduce a dynamic platform that can help enhance communication and productivity among factory workers. The Quebec City based startup does so with the help of its app that allows real time sharing of information that can help in tackling issues in the nick of time. It has become a key player in the club of top Quebec city startups for 2019 after its Series A round in which it raised CAD 10 million. Poka Inc. looks forward to creating more integrations and partnerships in 2019 with the help of this investment.
The Quebec City based startup is one of the few startups from the biotech segment to have received funding in the last two years. Novel approaches to treat neuroinflammatory diseases is being made possible sooner than ever,? thanks to this Quebec city based startup that is leveraging USP15 inhibition techniques to achieve the same. With total funding of CAD 1 million raised in a seed round in 2017, Corbin Therapeutics is one of the top Quebec City startups for 2019 poised for notable growth in the coming years. The biotech company is a spinoff from AmorChem; the parent company is the primary investor in? Corbin Therapeutics presently.
The Quebec City based startup creates Iot and Blockchain products for the automobile industry and was established in 2016 by Patrick Collet. Moovin.io and Shorebird.io are two of the main products offered by? A-malgam Technologies. The former is a blockchain based protocol for transportation data that has helped the company become one of the top Quebec City startups for 2019 with its unique features. A-malgam Technologies now has a developing blockchain embedded? data harvesting? solution tool in the pipeline as well which is another reason for the company?s inclusion among the top Quebec City startups for 2019. The innovative startup has completed only one round of funding so far and has secured CAD 250,000 through it.
Waste Robotics? is one of the top Quebec City startups for 2019 deemed to grow impressively with its recent round of funding. The company has completed one round of funding so far and is off to a good start with the $150,000 it raised in May 2018. The Quebec City based startup ?was set up in? 2016 and is led by tech and business experts Eric Camirand, Michel Laforest, Pier Grenon, and Jean-Pierre Thibodeau. Waste Robotics counts itself as one of the top Quebec City startups for 2019 owing to the increasing awareness and demand for robot as a service providers . The startup uses a combination of AI, computer vision, and advanced robotic technologies to bring in new approaches to waste recycling methods.
This Quebec City based startup is a leading provider of robotic products and solutions which was initially developed for use in personal assistance and research purposes. However, its applications have now been developed to be used in industries like advanced manufacturing, maintenance inspection, and for medical innovation lately as well. One of the top Quebec City based startups for 2019, ?Kinova Technologies, was founded by Charles Deguire (CEO) and Louis-Joseph Caron L?Ecuyer in 2006. A total of $25 million has been raised by this top startup in Quebec City till date from the only funding round it has participated in so far. Robotic arms were the first category of products that the company introduced when it began and now has added other assistive robots and mobile manipulators as well to its product offering.
Launched in 2007, Feldan Therapeutics has shown notable growth in recent years and has become one of the top Quebec City startups for 2019. The startup is a subsidiary of Feldan Bio and was founded by Francois-Thomas Michaud when the parent organisation created Feldan Shuttle. Feldan Shuttle is a one of a kind proprietary protein-based platform developed by the Quebec City based startup that can also be used as a therapeutic tool in medical trials. Feldan Therapeutics? advanced studies in the field and biotech solutions it has come up with has helped it raise $12.5 million successfully propelling its way to become one of the top Quebec City startups for 2019. ?The round was led by Korean health giant GC and featured Stonebridge Ventures and Anges Quebec Capital as well.
This top startup in Quebec City was founded by Simon Duchesne and D.Louis Collins in 2011. True Positive Medical Devices is one of? the key players in the health tech industry that has helped in contributing to effective therapeutics for brain health. The Quebec city based startup ?has developed biomarkers that go a long way in not just diagnosing brain illnesses but also in predicting how these diseases may progress. Creative Destruction Lab invested in the company an undisclosed amount through non-equity assistance in 2017.
Each of the Quebec City based startup in the list has been included for showing impressive performances in the funding activities in 2017 and 2019. Biotech and AI-based startups seem to have ruled the roost in terms of total investments in the recent funding rounds and are expected to help their respective sub-sectors grow in the coming year.
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