Funded Internet Services Startups in Toronto
Across the 10 most recent Toronto “Internet Services” rounds shown, the largest disclosed amount is Ting’s $63M on 2024-08-20, a clear outlier versus the r…
Across the 10 most recent Toronto “Internet Services” rounds shown, the largest disclosed amount is Ting’s $63M on 2024-08-20, a clear outlier versus the rest of the disclosed deals (the next-largest is AutoLeap’s $30M on 2023-04-11, with most other disclosed amounts in the tens of thousands to single-digit millions). The disclosed floor is Fractalytic’s $20K on 2023-05-02, while three companies list amounts as undisclosed (Nulogy on 2024-02-15; Drop Mobility on 2024-01-24; OOt on 2022-05-15).
Date-wise, activity clusters in a recent window: four of the 10 rounds fall between 2024-01-24 and 2024-08-20 (Drop Mobility, Nulogy, BLUERUSH, and Ting). Stage and disclosure are also skewed: 6 of 10 rounds are labeled “Series Unknown” (Ting, BLUERUSH, Nulogy, Drop Mobility, Fractalytic, Velocia), while the remaining 4 specify stages (AutoLeap Series B at $30M in 2023-04-11; ChainSafe Systems Series A at $19M in 2022-10-18; iRestify Seed at $5M in 2022-03-08; plus Velocia’s “Venture - Series Unknown” on 2022-08-02).
Most recent rounds
10 shownRelated listings
Frequently asked
What’s the largest disclosed round in this Toronto Internet Services list, and how does it compare to the next-largest disclosed deal?
Ting’s $63M round on 2024-08-20 is the only disclosed deal above $50M and it significantly dwarfs the next-largest disclosed amount: AutoLeap’s $30M on 2023-04-11.
How concentrated are these rounds in the most recent part of the timeline shown?
Four of the 10 rounds land in an 8-month span from 2024-01-24 to 2024-08-20, covering Drop Mobility (2024-01-24, undisclosed), Nulogy (2024-02-15, undisclosed), BLUERUSH (2024-07-24, $900K), and Ting (2024-08-20, $63M).
Is there a stage or classification pattern in how much is disclosed?
“Series Unknown” dominates the labels, appearing in 6 of 10 rows (including Ting on 2024-08-20 and BLUERUSH on 2024-07-24), and the undisclosed amounts also occur within that group (Nulogy on 2024-02-15; Drop Mobility on 2024-01-24).
Are there outliers on the low end among disclosed amounts?
Yes: Fractalytic’s $20K on 2023-05-02 is the smallest disclosed amount in the list, far below other disclosed rounds like iRestify’s $5M (2022-03-08) and ChainSafe Systems’ $19M (2022-10-18).
Which entries provide specified stages rather than “Series Unknown,” and do they cluster around certain years?
Specified stages account for 4 of 10 rows: iRestify Seed ($5M, 2022-03-08), Velocia “Venture - Series Unknown” ($3M, 2022-08-02), ChainSafe Systems Series A ($19M, 2022-10-18), and AutoLeap Series B ($30M, 2023-04-11), with three of four dated in 2022.
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