Data Report
State of Canada Startup Funding 2026
Documented venture funding into startups headquartered in Canada — totals, the largest rounds, stage mix, and the quarterly trend.
Data as of September 2026 · Updated continuously · Figures in USD
$91.8B
Total Documented Funding
2,067
Funding Rounds
1,369
Companies Funded
$5.2B
Largest Round
Funding Trend
Documented capital raised per quarter. The current quarter is still filling in.
Peak quarter '26 Q1 at $8.3B. Latest complete quarter (2026Q2): ▼ 73% QoQ · ▲ 41% YoY. Current quarter (QTD) is still filling in.
Largest Rounds
The biggest documented Canada funding rounds. Tap any company for its full profile.
ARC'TERYX
Private Equity · Canada
$5.2B
Jan 2019
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
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
Themis Solutions
Series F · Canada
$900.0M
Jul 2024
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
How documented rounds break down by funding stage.
Explore More
Methodology
Figures are aggregated from Indexed's live database of 100,049+ private companies and 22,293+ investors. Every funding round is sourced from a verifiable public record; duplicates are merged and only rounds meeting a confidence threshold are counted. Amounts are whole USD; undisclosed rounds are excluded from dollar totals but counted where noted. "Documented" means announced with a citable source — true market totals are higher. Data as of September 2026 and updated continuously. Free to cite with attribution to Indexed.