Startup funding in Canada 2026
January to September 2026. Data as of 23 October 2026.
Release
Total
Startups in Canada raised $2.7B in 227 venture rounds from January to September 2026, 9th of 119 countries, according to FundingWatcher.
Without rounds of $100M or more
5 rounds of $100M or more hold 53.2% of that money. Without them, Canada raised $1.3B, 10th of 119 countries.
Largest round
The largest round was Waabi in Toronto: $750M, Series C, in January 2026.
Cities
Toronto startups raised $1.6B, 60.1% of the national total, ahead of Montréal with $481M.
Early stage
Pre-seed, seed, angel and Series A rounds under $100M: 210 rounds, $852M.
Source
Source: FundingWatcher, startup funding by country and city 2026, https://fundingwatcher.com/research/startup-funding-by-country-2026/
Cities
| City | Rounds | Total | Under $100M | Rounds of $100M+ |
|---|---|---|---|---|
| Toronto | 75 | $1.6B | $506M | 3 |
| Montréal | 34 | $481M | $265M | 1 |
| Calgary | 18 | $130M | $130M | 0 |
| Ottawa | 15 | $116M | $116M | 0 |
| Markham | 2 | $100M | $225K | 1 |
| Vancouver | 17 | $72M | $72M | 0 |
| North Vancouver | 1 | $50M | $50M | 0 |
| Waterloo | 5 | $30M | $30M | 0 |
| Lasalle | 1 | $29M | $29M | 0 |
| Quebec | 5 | $14M | $14M | 0 |
| Kitchener | 6 | $12M | $12M | 0 |
| North York | 1 | $10M | $10M | 0 |
Largest rounds
| Company | City | Round | Date | Amount |
|---|---|---|---|---|
| Waabi | Toronto | Series C | 2026-01-28 | $750M |
| Beacon Software | Toronto | Series C | 2026-06-09 | $225M |
| Nesto | Montréal | Series E | 2026-06-10 | $217M |
| Taalas | Toronto | Series B | 2026-02-19 | $169M |
| Delos Data | Markham | Series A | 2026-09-15 | $100M |
| Dominion Dynamics | Ottawa | Series A | 2026-06-30 | $98M |
| Vention | Montréal | Series D | 2026-01-27 | $90M |
| Veeda AI | Toronto | seed | 2026-07-31 | $90M |
| Ollama | Toronto | Series B | 2026-07-09 | $65M |
| Float Financial | Toronto | Series C | 2026-06-24 | $60M |
Method
227 rounds in Canada in the FundingWatcher startup file: companies whose most recent round is a named stage, pre-seed and angel through Series J, dated January to September 2026. One round per company, the latest. Debt, grants, corporate rounds, private equity and secondary sales are not counted. 188 of the 227 rounds carry an amount. Method and data files: startup funding by country and city, 2026.
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