Montréal
Metro area · Canada · Pop. 4.3M
* 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 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
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.
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.
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 | $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 Montréal ecosystem on Dealroom
Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.