Funded Commerce and Shopping Startups in Montréal
Montréal's commerce and shopping sector shows a wide funding spread across the 16 rounds displayed here, ranging from Radish's $80K pre-seed in May 2022 to…
Montréal's commerce and shopping sector shows a wide funding spread across the 16 rounds displayed here, ranging from Radish's $80K pre-seed in May 2022 to Dollarama's $700M post-IPO debt raise in October 2022. Seed is the dominant stage: nine companies — including Leav, QuoteMachine, Bridgr, Axya, Billdr, Angel Host, Livescale, and Spaceful — closed seed rounds between early 2021 and late 2023, with disclosed amounts running from $1M (Spaceful) to $5M (Angel Host).
The largest venture-backed raise is RenoRun's $143M Series B in February 2022, which arrived the same month as Laps' $16M private equity round and Axya's $3M seed. Nuvei's $500M round from June 2021 anchors the upper end of the dataset. Sub-sectors span B2B procurement (Axya, Bridgr), home renovation marketplaces (RenoRun, Billdr), furniture (Cozey), live commerce (Livescale), payments (Nuvei), and loyalty rewards (Coinmiles).
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Frequently asked
What are the largest rounds among these Montréal commerce and shopping companies?
Dollarama's $700M post-IPO debt raise (October 2022) and Nuvei's $500M round (June 2021) are the two largest by amount. RenoRun's $143M Series B (February 2022) is the largest pure venture round in the dataset, followed by Laps' $16M private equity round and Cozey's $10M venture round.
Which funding stage appears most often in this dataset?
Seed is the most frequent stage, with nine of the 16 companies — including Leav, QuoteMachine, Bridgr, Axya, Billdr, Angel Host, Livescale, and Spaceful — closing seed rounds between 2021 and 2023. Pre-seed appears twice, with Radish ($80K, May 2022) and Gallea ($1M, September 2021).
What range do seed rounds cover among these Montréal commerce startups?
Among the eight seed rounds with disclosed amounts, sizes run from $1M (Spaceful, February 2021) to $5M (Angel Host, August 2021), with several landing at $2M–$4M. Coinmiles did not disclose the size of its seed round.
How was funding activity distributed across 2021, 2022, and 2023?
Six rounds closed in 2021, seven in 2022, and three in 2023. February 2022 was the single busiest month, with Axya, Laps, and RenoRun all raising within nine days of each other. The 2023 cohort is limited to Bridgr (April), QuoteMachine (October), and Leav (December).
What sub-sectors of commerce do these Montréal companies represent?
The 16 companies span B2B procurement (Axya, Bridgr), home renovation marketplaces (RenoRun, Billdr), furniture e-commerce (Cozey), live shopping (Livescale), payments infrastructure (Nuvei), loyalty rewards (Coinmiles), and art commerce (Gallea), reflecting a broad mix of commerce-adjacent models.
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