Canada
North America · Pop. 41.3M · #6 startup ecosystem by EV
1 Overview
* 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.
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 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.
5 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 |
6 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 | EV growth | Unicorns | VC invested | Tracked startups |
|---|---|---|---|---|---|---|
| 1 | United States | $30.6T | 6.2× | 2,319 | $284B | 114K |
| 2 | China | $5.8T | 3.1× | 509 | $33.9B | 24.9K |
| 3 | United Kingdom | $1.1T | 4.6× | 226 | $29.8B | 20.3K |
| 4 | India | $925B | 7.5× | 130 | $14B | 13.5K |
| 5 | Israel | $598B | 5.6× | 132 | $10.4B | 4,797 |
| 6 | Canada | $565B | 9.5× | 86 | $6.7B | 9,550 |
| 7 | South Korea | $431B | 15.3× | 48 | $8.3B | 8,072 |
| 8 | Germany | $404B | 4.1× | 94 | $8.2B | 8,804 |
| 9 | France | $399B | 5.4× | 66 | $8.4B | 9,172 |
| 10 | Netherlands | $325B | 2.8× | 44 | $3.5B | 3,946 |
| 11 | Singapore | $321B | 8.6× | 39 | $4B | 3,986 |
| 12 | Sweden | $278B | 5.7× | 56 | $3.5B | 3,272 |
7 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.
8 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.
9 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.