LinkedIn Top Startups 2023: 15 Canadian companies on the rise

Today, LinkedIn released the 2023 Canadian Top Startups List, featuring the 15 emerging companies attracting attention and top talent in 2023.  

Grounded in unique LinkedIn data, Top Startups is an annual ranking of the young, emerging companies attracting professionals who want to work there. The list reveals the companies that are forward-thinking and innovative around the future of work. These growing startups are successfully navigating through the current world of work at a time where there is economic uncertainty.  

LinkedIn’s methodology is based on growth and demand. The data to rank startups on the list is based on four pillars that are synonymous with successful startups:  

  • Employment growth
  • Engagement
  • Job interest and attraction of top talent

This year, LinkedIn adjusted their eligibility requirements, lowering the age criteria to five years or younger in order to feature more companies in their earlier, venture stages of growth. 

2023 Top Startups Canada List  

  1. Neo Financial  
  2. Float  
  3. Cohere 
  4. Fable 
  5. ODAIA  
  6. Felix  
  7. AltaML 
  8. PurposeMed 
  9. Novisto  
  10. Vessi  
  11. Conquest Planning  
  12. Summit Nanotech  
  13. Sanctuary AI  
  14. Makeship  
  15. nesto 


LinkedIn measures startups based on four pillars: employment growth, engagement, job interest and attraction of top talent. Employment growth is measured as percentage headcount increase over methodology time frame, which must be a minimum of 10%. Engagement looks at non-employee views and follows of the company’s LinkedIn page, as well as how many non-employees are viewing employees at that startup. Job interest counts rate at which people are viewing and applying to jobs at the company, including both paid and unpaid postings. Attraction of top talent measures how many employees the startup has recruited away from any global LinkedIn Top Company, as a percentage of the startup’s total workforce. Data is normalized across all eligible startups. The methodology time frame is July 1, 2022 through June 30, 2023.  

To be eligible, companies must be fully independent, privately held, have 50 or more full-time employees, be 5 years old or younger and be headquartered in the country on whose list they appear. We exclude all staffing firms, think tanks, venture capital firms, law firms, management and IT consulting firms, nonprofits and philanthropy, accelerators and government-owned entities. Startups who have laid off 20% or more of their workforce based on corporate announcements or public, reliable sources between July 1, 2022 and the list launch, are not eligible. These decisions are made by the LinkedIn News team based on company statements and/or reputable news outlets. 

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