Top Canadian Metaverse Startups to Watch Out in 2023

by Andrew Smith
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Top Canadian Metaverse Startups to Watch Out in 2023

Metaverse has become a very common term these days. However, the term is familiar since Neal Stephenson first coined it in 1992 in his science fiction novel Snow Crash. Metaverse has recently become a buzzword. Further, it gained popularity due to Facebook’s rebranding into Meta. Slowly and steadily, a number of tech giants started to show interest in the Metaverse, with a notable volume of investment flowing into the same. 

The virtual world of Metaverse is increasing its popularity daily, and many startups are playing a crucial role in further enhancing its popularity. Most importantly, several businesses are looking forward to hiring Metaverse development and web3 development companies to leverage the potential of the technology at its best. Look at the top Metaverse startups pumped up to contribute to the field.

List of Top Metaverse Startups to Watch out in 2023

Stadium Live Studios

Stadium Live is a consumer social company creating new dimensions of interactions and emotions around sports & culture. Their vision is to build the most engaging products & services for modern fans throughout their lives.

Their Flagship Product: Stadium Live – The Sports Game Our Lifestyle Brand: Stadiumlife

Union Square Ventures, KB Partners, Golden Ventures, Maple VC, Intonation, Secocha, Maveron, and other amazing angels back them.


Virtro produces training simulations with AI-powered “human” teachers, all working in the principles of contextual learning — a philosophy positing that education is more effective when students can apply new knowledge and skills in real-world vocational situations. The result: a more engaged, satisfied, and efficient workforce.

Virtro hired an independent firm to validate its users’ growth. And the results were impressive. Thanks to the startup’s immersive education, students reported higher confidence and greater understanding than those in classroom settings. They also completed their training up to four times faster.


Tagporter is a platform for both a marketing and sales channel. With Tagporter, merchants can generate new leads for their online shop in any industry while selling their products and services directly via our platform and thus benefit from additional sales.


TerraZero creates innovative commercial Metaverse experiences and virtual reality-based business solutions for brands and enterprises, such as Jason Derulo’s music video premiere of his latest single. Media company VentureBeat tapped Vancouver-based TerraZero to help it build in the Metaverse.

TerraZero was founded in 2021 in Vancouver by Dan Reitzik, founder and former CEO of DMG Blockchain Solutions, one of Canada’s largest Bitcoin miners.

TerraZero describes itself as a vertically integrated development group and web3 firm with a vision “to develop, acquire, and finance the metaverse’s most promising companies, entrepreneurs, and developers”—creating solutions that enhance the usability of the Metaverse while also connecting it to the real world.

Big Viking Games

Big Viking Games (formerly Tall Trees Games) is a game development studio based in Ontario, Canada. Founded in 2011 by serial entrepreneur Albert Lai and industry veteran Greg Thomson, the company focuses on developing free-to-play social & mobile games using HTML5 technologies. The company has a portfolio of 3 games as of April 2016, accessible on the web, Facebook, and mobile devices. In 2014, the company acquired the game ‘YoVille’ from Zynga and was later renamed ‘YoWorld.’ 


Going by its name, Immerse utilizes virtual reality to teach the language in an immersive way. The metaverse platform uses virtual reality to teach the language in an immersive way. Immerse provides services to language suppliers such as language schools and universities. It is recognized by industry leaders like ICEF and Pie News and has become a leader in submerged education.


Zash leverages Web 3.0 technologies to develop a social investing network for crypto investors. The startup’s social network is creator-led, allowing retail investors to create communities and learn from each other. It offers tools to enable creators to create investing ideas and share them with followers. By leveraging and combining Metaverse and the creator economy, the startup’s solution advances retail investing in attracting new retail investors, particularly from the younger demographics.


MetaMundo is a curated marketplace for 3D scenes and assets, enabling anyone to own high-quality 3D NFTs across the open Metaverse. Powered by web3 technology, the settings and assets available on MetaMundo are verifiable on the Ethereum blockchain. MetaMundo is backed by acclaimed metaverse funds, advisors, and angel investors.

Pagarba Solutions

Pagarba Solutions is committed to intelligent innovation and world-class technology to solve the toughest challenges. They integrate, transform and automate web3 artificial intelligence, edge AI & computer vision projects, and possibilities that others say can’t be done or is impossible. Pagarba Solutions design and develop using cutting-edge cameras, edge sensors, deep learning models, and drones on land, in the air, and out at sea to create immersive, interactive, intelligent experiences. They don’t just build solutions; we give you innovative experiences that solve huge problems.

Unlock new revenue possibilities with your existing video cameras and assets through Real-time video intelligence.

Automate your Inspection & analysis of your shipyards, marinas, docks, water tanks, pipes, and other facilities and assets located below the surface by utilizing intelligent drones, automation & AI


Designing 3D structures is complicated. Quadrobee want to make it easier for non-technical creators to bring their ideas into the real world quickly. They help their customers prototype their ideas and determine the parts they need and the dimension. Quadrobee currently working on an augmented reality tool that lets you snap together common building materials like Legos and order the details to your doorstep.

Let’s say you want to build a custom workstation or add an addition to your assembly line and use standard parts such as aluminum extrusions. You need to put on your augmented reality glasses and walk to where you want to start building. Then you can grab details from a digital catalog and snap them together to make whatever you want. Then once you’re happy with your design, you can easily purchase the pre-cut parts from one of our suppliers.

Subskryb Corporation

Subskryb is a car share tech company reimagining ownership in a subscription model. Hosts invest in cars. They take care of everything else. Also, they enable a better customer experience through their social platform.

They are a subscription-based “vehicle-as-a-service” platform that strengthens the car-share culture through accessibility, user-based enablement, and online membership, transforming how people view car ownership while enabling access to world-class vehicles.

Outlier Ventures

Outlier uses a unique and deliberate way to invest in the world of the Metaverse. This process makes these individuals become co-investors in projects that Outlier is going in for. Contributions include mentoring founders and team members of projects, financial inclusion, business development processes, and more. 


The information in this article is solely the author/advertisers’ opinion and not investment advice – it is provided for educational purposes only. Anyone wishing to invest should seek their own independent financial or professional advice. Do conduct your research along with financial advisors before making any investment decisions.

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