Funded Commerce and Shopping Startups in Toronto
The 44 Commerce and Shopping companies listed here span rounds from July 2020 through June 2025, all headquartered in Toronto.
The 44 Commerce and Shopping companies listed here span rounds from July 2020 through June 2025, all headquartered in Toronto. The two largest disclosed raises belong to Clearco ($100M, October 2023) and Neighbourly Pharmacy ($96M post-IPO secondary, October 2021). More recent momentum comes from Clutch, which closed a $35M Series D in February 2025, and Quadshift's $23M round the same month — the two largest disclosed raises among the seven companies that funded in 2025.
Seed-stage activity is distributed across the full timeline, with Moselle and Marlow closing $2M and $1M rounds respectively in October 2024, and Three Ships Beauty raising $3M at seed in May 2024. Pre-seed deals extend into mid-2025 with CrashBay and SELL IT9. Sub-verticals span automotive resale (Clutch, CarDoor), food and grocery (Flashfood, Cookin), real estate commerce (Properly, ReLease), pet telehealth (Vetster), and consumer goods (Three Ships Beauty, Love Good Fats). A significant share of rounds carry a "Series Unknown" classification, reflecting private or non-standard structures.
Most recent rounds
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Frequently asked
What are the largest disclosed rounds among these Toronto commerce startups?
The four largest disclosed raises in the dataset are Clearco ($100M, October 2023), Neighbourly Pharmacy ($96M post-IPO secondary, October 2021), Clutch ($35M Series D, February 2025), and Thriver ($33M, August 2020). Vetster and Properly follow at $30M and $28M respectively, both Series B rounds from 2022.
Which companies have raised rounds in 2025?
Seven companies closed rounds in 2025: Clutch ($35M Series D, February), Quadshift ($23M, February), PesoRama ($4M, June), and SELL IT9 ($2M pre-seed, January) are the ones with disclosed amounts. CrashBay (pre-seed, June), Mastermind Toys (April), and Mahara Mindfulness ($10K, February) round out the 2025 cohort.
Which companies are at the most advanced funding stages?
Clutch is the only Series D in the dataset. Properly, Vetster, and #Paid have each completed Series B rounds, while Rebelstork, Porta, ShopThing, Blackcart, and Swyft are at Series A. The majority of remaining companies carry a 'Series Unknown' classification.
What sub-verticals are covered within this Toronto commerce segment?
The dataset spans automotive resale (Clutch, CarDoor), grocery and food delivery (Flashfood, Cookin), real estate transaction platforms (Properly, ReLease), pet telehealth (Vetster), CPG and wellness (Three Ships Beauty, Love Good Fats, Mahara Mindfulness), and resale or recommerce models (Rebelstork, Candy Funhouse).
Which seed-stage companies are worth tracking for near-term sales outreach?
Nine companies raised at Seed stage across the dataset. The most recent are Moselle ($2M, October 2024) and Marlow ($1M, October 2024), followed by Three Ships Beauty ($3M, May 2024). These companies are typically building out vendor and GTM infrastructure in the 12–24 months following a seed close.
How many companies did not disclose their round size?
Roughly a dozen companies in this dataset list undisclosed amounts, including CrashBay (pre-seed, June 2025), Mastermind Toys (April 2025), Northern Commerce (November 2024), ReLease (November 2024), Candy Funhouse, and Flashfood, among others.
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