Canada
North America · Pop. 41.3M · #6 startup ecosystem by EV
1 Overview
2 Largest rounds
Largest funding rounds in Canada
A live treemap of $40M+ rounds from the Dealroom API. Each cell is one round into a Canada-headquartered company, grouped by Dealroom sector.
Largest rounds in Canada - 2026
3 Startup hubs
Inside Canada: top 12 startup hubs
Sub-national ecosystems ranked by combined enterprise value, paired with their 5-year growth multiplier.
4 Startup funnel
Canada's power-law funnel
From the first cheque written to a $10B+ outcome. Each arrow shows what fraction of companies at one stage graduate to the next, tracked by founding cohort.
* 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.
5 VC investment
How much venture capital flows into Canada
VC investment into Canada-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage. Live from the Dealroom Next Gen API.
6 Notable companies
Top private companies in Canada
Up to 20 names per tier from Dealroom's tracked dataset. Decacorns are valued $10B+, unicorns $1B+, thoroughbreds have crossed $100M in revenue.
7 Academia
Canada's academic flywheel
Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to Canada.
| # | University | City | Founders | Companies |
|---|---|---|---|---|
| 1 | University of Toronto | Toronto | 2,841 | 3,193 |
| 2 | McGill University | Montreal | 2,386 | 2,826 |
| 3 | The University of British Columbia | Vancouver | 2,215 | 2,558 |
8 Location comparison
How Canada stacks up
Compare Canada with similarly sized ecosystems in North America — switch between combined EV, 5-year EV growth, and a growth × size view. Expand the table for the full ranking.
Combined enterprise value of each ecosystem.
Top ecosystems in North America ranked by combined EV. Canada's row is highlighted (#6).
| # | Ecosystem | Combined EV | 5-yr EV growth | Unicorns | VC invested | Tracked startups |
|---|---|---|---|---|---|---|
| 1 | United States | $30.6T | 6.2× | 2,276 | $283B | 113.6K |
| 2 | China | $5.8T | 3.1× | 504 | $33.9B | 24.8K |
| 3 | United Kingdom | $1.2T | 4.6× | 221 | $24.1B | 20.1K |
| 4 | India | $924B | 7.5× | 128 | $13.9B | 13.4K |
| 5 | Israel | $602B | 5.6× | 132 | $10.9B | 4,784 |
| 6 | Canada | $564B | 9.6× | 86 | $6.7B | 9,523 |
| 7 | South Korea | $430B | 15.4× | 45 | $8.3B | 7,983 |
| 8 | Germany | $404B | 4.2× | 91 | $8.2B | 8,770 |
| 9 | France | $401B | 5.4× | 66 | $8.4B | 9,145 |
| 10 | Netherlands | $324B | 2.8× | 43 | $3.2B | 3,919 |
| 11 | Singapore | $321B | 8.6× | 40 | $4B | 3,946 |
| 12 | Sweden | $278B | 5.7× | 58 | $3.5B | 3,253 |
9 Patent intelligence
Canada startup IP portfolio: 29.9K patent families
Granted patent families assigned to startups headquartered in Canada. Aggregated across the country's hub-level filings — Bay Area, Boston, etc. roll up under the United States row, the same way Tokyo and Osaka roll up under Japan.
10 Sector concentration
Where Canada punches above its weight
Sectors in which Canada's share of the global unicorn pool is bigger than its overall share. A 5× over-index means Canada is 5× more represented in that sector than in the global average. Source: top-hub aggregation across the 18 simplified sectors.
11 Premium analytics
What we don't show on this page (yet)
Sector breakdowns, founder origins, AI-talent leaderboards and live deal flow are gated to logged-in Dealroom users. Book a demo to access the full Canada dataset — or see a sample on the Dealroom app.
More data
Explore Dealroom data →Get the full Canada ecosystem on Dealroom
Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.