Eleven years after its inception, Toronto incubator DMZ has reached an incredible milestone. The Ryerson-based non-profit incubator has a portfolio of current and alumni companies that have raised over $1 billion in funding. The $1 billion of funding is the cumulative total of 424 investments in 194 DMZ startups and alumni since 2011. DMZ’s top five most-funded startups (Borrowell, Snapcommerce, Sensibill, Ada Support and Flybits) account for more than half of that $1 billion.
DMZ reaches and surpasses this milestone with strong momentum. DMZ companies raised over $185 million in 2020 alone, and Abdullah Snobar, DMZ’s executive director, said that most of the $1 billion in funding has come within the last five years. Recently, Snapcommerce secured the largest single funding round ever for a DMZ company, raising $107 million. Investments in DMZ companies come from a variety of sources, including equity crowdfunding, government grants, pitch competition awards, and angel and venture capital investments.
Goodmans LLP has been Legal Counsel in Residence, at the DMZ since 2016 providing pro bono legal advice and mentorship to its founders. Goodmans is proud to have played a part in this monumental achievement and to continue to support the DMZ in its mission to boost the Canadian technology ecosystem on the world stage
In March 2026, Whoop Inc. (“Whoop”) completed a Series G funding round for US$575 million, valuing the leading fitness wearable company at US$10.1 billion. Whoop received investment from many notable…
The 2026 FIFA World Cup will showcase some of the most advanced officiating technology ever used in soccer. Building on systems introduced in previous tournaments, FIFA is rolling out new tools…
Recently, the Canadian Investment Regulatory Organization (“CIRO”) approved Wealthsimple to offer forecast contracts. Forecast contracts are investment products that offer investors binary “yes” or…
On June 10, 2026, the federal government introduced Bill C-34, also known as the Safe Social Media Act. The proposed legislation represents a sweeping effort to regulate social media platforms…
The “sleep economy” is growing rapidly with more than just sleep masks, weighted blankets and melatonin products on the market selling a good night’s rest. Sleep technology has evolved from tracking…
Following a multi-year joint investigation, federal and provincial privacy regulators recently published their findings with respect to OpenAI’s collection and use of personal information to train…
