4 SaaS Startups in Montréal

January 24, 2023

SaaS startups have become the darling of Venture Capital investors, especially in Montréal. Over the past decade, software has proverbially “eaten the world” and SaaS companies have scaled to become unicorn corporations in staggering amounts of time.

In this article, we are examining 4 VC funded SaaS startups in Montréal .

AlayaCare

AlayaCare is a start-up that offers a complete hardware ecosystem and software platform for home health care. The platform enables home care organizations to provide hybrid telehealth/visiting health solutions, empowering patients to live healthier lives while lowering healthcare costs. The founders are a successful group of businessmen who have started, grown, and sold two mobile software companies. AlayaCare seeks to address a market plagued by antiquated software and ineffective business procedures. Better patient outcomes, better physician tools, and better payer economics are all the results of doing this. It fosters an environment where everyone in the team is encouraged to disagree while yet always keeping the bigger vision in mind. Through its partnership with The Madiro Fund, the business also offers its service without charge to NGOs operating in poor nations that want to use mobile technology to better the lives of those who are less fortunate. In Montréal, Quebec, Adrian Schauer and Neil Grunberg established the business in 2014.

Company details:
Founders:
Adrian Schauer, Brady Murphy, Neil Grunberg
Founded:
2014
Based in:
Montréal, Quebec, Canada
Website:
AlayaCare
Industries:
Health Care, Home Health Care, Hospital, SaaS, Software
Latest funding:
$182,848,338
Series D
23 June 2021
Total funding:
$293,405,685
Investors
SCALE AI, Inovia Capital, Caisse de Depot et Placement du Quebec, Investissement Quebec, Generation Investment Management

Livescale

With the help of a completely unique and brand-owned experience, Livescale's Live Shopping solution enables companies to increase sales, engagement, and brand awareness. Livescale, a Montreal, Canada-based company founded by Virgile Ollivier and Laurent Boutet, is revolutionizing the way brands build communities through its innovative Live Shopping technology, enabling immersive, interesting, and seamless shopping experiences to take place in-house for brands across industries. Livescale was chosen by LVMH as one of the most cutting-edge technology firms for 2020 because to its integrated checkout, immersive client resources, and exceptional customer support, making it unique in the worldwide market.

Company details:
Founders:
Laurent BOUTET, Virgile OLLIVIER
Founded:
2016
Based in:
Montréal, Quebec, Canada
Website:
Livescale
Industries:
Cloud Infrastructure, E-Commerce, SaaS, Social Media, Video Chat, Video Streaming
Latest funding:
$2,009,121
Seed
16 March 2021
Total funding:
$2,958,553
Investors
FrenchFounders, Inovia Capital, Panache Ventures, Luge Capital, Real Ventures

Novisto

The end-to-end enterprise software Novisto enables businesses to derive value from their ESG strategy, data, and reporting. It is designed for better corporate sustainability management. Novisto helps businesses own their ESG story while streamlining every stage of the sustainability management journey. By empowering businesses to generate wealth via sustainability, our mission is to develop a more diverse and resilient society.

Company details:
Founders:
Charles Assaf, Edouard Clement, Marian Borca
Founded:
2019
Based in:
Montréal, Quebec, Canada
Website:
Novisto
Industries:
Enterprise Software, Management Information Systems, SaaS, Software, Sustainability
Latest funding:
$7,955,943
Series A
25 May 2021
Total funding:
$9,310,784
Investors
Diagram Ventures, White Star Capital

Revelate

Revelate’s data fulfillment platform provides a suite of capabilities for data sharing and data commercialization for our customers to fully realize the value of their data. We reduce the burden for data teams to distribute data the way the consumer needs it, in and outside of their organization. Revelate integrates into the fabric of any data ecosystem to prepare, package, and distribute data from anywhere to anyone.

Company details:
Founders:
David Côté, Francis Wenzel, Marc-André Hétu, Tony Bussieres
Founded:
2012
Based in:
Montréal, Quebec, Canada
Website:
Revelate
Industries:
B2B, Cloud Data Services, Data Integration, Enterprise Software, SaaS
Latest funding:
$20,000,000
Series A
26 January 2022
Total funding:
$26,798,747
Investors
Fonds de solidarité FTQ, Illuminate Financial, Investissement Quebec, Business Development Bank of Canada, Anges Quebec

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