Calgary
Metro area · Canada · Pop. 1.4M
* C→Unicorn and Unicorn→Decacorn rates are derived from current counts (no founding-cohort data); the four mid-funnel rates use Dealroom's cohort tracking.
Largest rounds
Largest funding rounds in Calgary
A live treemap of the largest VC rounds. Each cell is one round into Calgary-headquartered companies, grouped by Dealroom sector.
Largest rounds in Calgary - 2026
VC investment
How much venture capital flows into Calgary
VC investment into Calgary-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage.
Academia
Calgary's academic flywheel
Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to Calgary.
Location comparison
How Calgary stacks up
Compare Calgary with peers from the same country (Canada) — switch between combined EV, EV growth, and a growth × size view. Expand the table for the full ranking.
Combined enterprise value of each ecosystem.
Top cities in Canada ranked by combined EV. Calgary's row is highlighted (#6).
| # | Ecosystem | Combined EV | EV growth | Unicorns | VC invested | Tracked startups |
|---|---|---|---|---|---|---|
| 1 | Ottawa–Gatineau | $231B | 44.4× | 2 | $85.6M | 393 |
| 2 | Toronto-Waterloo | $146B | 7.3× | 34 | $2.9B | 3,622 |
| 3 | Toronto | $119B | 9.3× | 28 | $2.7B | 2,709 |
| 4 | Vancouver | $71.8B | 9.6× | 21 | $1.8B | 1,710 |
| 5 | Montréal | $58.4B | 3.5× | 13 | $977.4M | 1,075 |
| 6 | Calgary | $18.4B | 10.2× | 5 | $276.3M | 708 |
| 7 | Hamilton | $7.6B | 5.5× | 3 | $13.7M | 112 |
| 8 | Waterloo | $6.5B | 2.5× | 4 | $45M | 190 |
| 9 | Edmonton | $6.4B | 1.9× | 3 | $95.9M | 401 |
| 10 | Mississauga | $6.4B | 7.0× | 1 | $40.6M | 228 |
| 11 | Halifax | $2B | 5.7× | 0 | $132.4M | 191 |
| 12 | Vaughan | $821M | — | 0 | $0 | 46 |
More data
Explore Dealroom data →Get the full Calgary ecosystem on Dealroom
Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.