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Montréal

Metro area · Canada · Pop. 4.3M

A public taster of the full Montréal ecosystem on Dealroom — request a demo for live deal flow, founder pedigrees, AI-talent maps, and the full cap table for every company below.

766 Pool of Funded Startups

New Startups

265 Annual Startups FoundedAll new ventures

96 Annual Startups FundedReceived investment

get funded 36%

591Startups

199 Pre-Seed Startups$100K–1M

218 Seed Startups$1–4M

174 Series A Startups$4–15M

Seed to Series A 27%

133Breakouts

89 Series B Breakouts$15–40M

A to Series B 34%

44 Series C Breakouts$40–100M

B to Series C 38%

42Scaleups

28 Mega Scaleups$100–250M

reach Mega 3.7%

14 Mega+ Scaleups$250M+

reach Mega+ 1.8%

13Valuation Outcomes

13 Unicorns($1–10B valuation)

reach Unicorn 1.7%

Pre-Seed

199

Seed

218

Series A

174

Series B

Series C

Unicorn

* 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.

Quarterly report

Montréal's latest quarter in venture capital

VC raised by Montréal-headquartered companies in the quarter shown, against the quarter before and the same quarter a year earlier.

Latest complete quarter

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Largest rounds

Largest funding rounds in Montréal

A live treemap of the largest VC rounds. Each cell is one round into Montréal-headquartered companies, grouped by Dealroom sector.

Largest rounds in Montréal - 2026

Every $15M+ VC round into Montréal-headquartered companies in 2026, grouped by Dealroom sector.

- rounds · - raised

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VC investment

How much venture capital flows into Montréal

VC investment into Montréal-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage.

Academia

Montréal's academic flywheel

Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to Montréal.

University-linked startup formation

171

University spinouts

1,583

Total alumni-founded companies

1,029

Of which startups (<$15M raised)

431

Breakouts ($15M-100M)

123

Scaleups ($100M+)

Location comparison

How Montréal stacks up

Compare Montréal 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.

$235B

$141B

$113B

$73.7B

Montréal

$57.4B

Calgary

$17.5B

Hamilton

$7.8B

Combined enterprise value of each ecosystem.

Top cities in Canada ranked by combined EV. Montréal's row is highlighted (#5).

#	Ecosystem	Combined EV	EV growth	Unicorns	VC invested	Tracked startups
1	Ottawa–Gatineau	$235B	42.9×	2	$85.7M	396
2	Toronto-Waterloo	$141B	7.5×	35	$3.1B	3,639
3	Toronto	$113B	9.9×	29	$3B	2,719
4	Vancouver	$73.7B	10.4×	21	$1.8B	1,728
5	Montréal	$57.4B	3.5×	13	$977.4M	1,085
6	Calgary	$17.5B	12.0×	5	$276.3M	710
7	Hamilton	$7.8B	5.5×	3	$13.7M	115
8	Waterloo	$6.7B	2.5×	4	$45M	191
9	Mississauga	$6.5B	7.1×	1	$40.6M	229
10	Edmonton	$6.4B	1.9×	3	$95.9M	403
11	Halifax	$2B	5.6×	0	$132.4M	190
12	Vaughan	$822.4M	—	0	$0	47

More data

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Country Canada North America · Pop. 41.3M · #6 startup ecosystem by EV Region North America Continent / region · Pop. 389.6M · #2 region by EV

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