Calgary
Metro area · Canada · Pop. 1.4M
Enterprise value
How much Calgary’s VC-backed companies are worth
Combined enterprise value of VC-backed companies headquartered in Calgary, founded since 1990 and still operating, at the end of each year. Companies stay in the total after they list or are acquired.
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.
Startup funnel
Calgary's startup funnel
Companies headquartered in Calgary at each stage today, by total VC raised. Hover a bar for the split.
Source: Dealroom.co
Quarterly report
Calgary's latest quarter in venture capital
VC raised by Calgary-headquartered companies in the quarter shown, against the quarter before and the same quarter a year earlier.
Latest complete quarter
Loading VC raised by Calgary-headquartered companies…
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
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 | 44.6× | 2 | $85.7M | 398 |
| 2 | Toronto-Waterloo | $141B | 7.4× | 34 | $3.1B | 3,661 |
| 3 | Toronto | $113B | 9.7× | 28 | $3B | 2,737 |
| 4 | Vancouver | $71.6B | 9.5× | 21 | $1.8B | 1,737 |
| 5 | Montréal | $58.3B | 3.4× | 15 | $865.5M | 1,095 |
| 6 | Calgary | $18.4B | 10.2× | 5 | $276.3M | 710 |
| 7 | Hamilton | $7.6B | 5.4× | 3 | $13.7M | 116 |
| 8 | Waterloo | $6.7B | 2.5× | 4 | $45.1M | 194 |
| 9 | Edmonton | $6.4B | 1.9× | 3 | $95.9M | 403 |
| 10 | Mississauga | $6.4B | 7.0× | 1 | $40.6M | 228 |
| 11 | Halifax | $2B | 5.7× | 0 | $132.4M | 190 |
| 12 | Vaughan | $821.7M | — | 0 | $0 | 47 |
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.