Data Report
State of Canada Startup Funding — All-Time
Tracked funding for companies headquartered in Canada across all years — totals, largest rounds, stage mix, and recent quarterly trends.
Snapshot read October 2026. Figures in USD.
Example request
curl "https://indexed.vc/api/v1/companies?countries=Canada&sort=last_funding_date&order=desc&limit=100" -H "X-API-Key: YOUR_API_KEY"The API returns companies, not funding rounds or totals, so this is the closest request: companies in this report, most recently funded first.
Funding totals and round counts include only positive known USD amounts. Company and stage counts also include rounds without a known USD amount.
$93.5B
Funding with USD Amounts
2,165
Rounds with USD Amounts
1,451
Companies with Funding Events
$5.2B
Largest Round
Funding Trend
Funding with known USD amounts per quarter. The current quarter is still filling in.
Year-only estimates are excluded from quarterly totals. Headline totals may include them.
Peak quarter '26 Q1 at $7.8B. Latest complete quarter (2026Q3): ▼ 68% QoQ · ▼ 85% YoY. Current quarter (QTD) is still filling in.
Largest Rounds
The biggest tracked Canada funding rounds with known USD amounts. Tap any company for its full profile.
ARC'TERYX
Private Equity · Canada
$5.2B
2019 (est.)
GFL Environmental Inc. Subordinate voting shares, no par value
Private Equity · Canada
$5.1B
Apr 2018
Wheaton Precious Metals Corp Common Shares (Canada)
Corporate Round · Canada
$4.3B
Feb 2026
Canopy Growth Corporation Common Shares
Corporate Round · Canada
$4.0B
Aug 2018
Klick Health
Corporate Round · Canada
$2.5B
Jul 2025
Mitel Networks
Private Equity · Canada
$2.0B
Apr 2018
Cronos Group Inc. Common Share
Corporate Round · Canada
$1.8B
Mar 2019
Tenstorrent
Series E · Canada
$1.5B
Oct 2026
ALT5 Sigma Corporation
Venture Round · Canada
$1.5B
Aug 2025
Xplore
Growth Equity · Canada
$1.2B
Oct 2024
LOGISTEC
Private Equity · Canada
$1.2B
Oct 2023
Waabi
Series C · Canada
$1.0B
Jan 2026
Clio
Series F · Canada
$900.0M
Jul 2024
Tenstorrent
Series E · Canada
$800.0M
Nov 2025
Waabi
Venture Round · Canada
$750.0M
Jan 2026
Rounds by Stage
Most common stages among all eligible funding events, including rounds without a known USD amount.
Explore More
Methodology
Figures are aggregated from Indexed's live database of 100,425 company profiles and 22,512 investors. Company totals include publicly listed and inactive businesses. Company funding totals and individual event tables have different coverage; each report states its population and period. Amounts are shown in USD where available, and undisclosed amounts are excluded from dollar totals. Source coverage varies by record; follow company and event links to inspect supporting evidence. Report generated October 2026. Free to cite with attribution to Indexed.
Totals include recorded grants and other qualifying funding, not just equity. Debt financing, IPO proceeds and exit consideration are excluded from these funding totals. Valuations are company values, not capital raised. How funding is counted.