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 Latest quarter
Canada's latest quarter in venture capital
VC raised by Canada-headquartered companies in the quarter shown, against the quarter before and the same quarter a year earlier.
Latest complete quarter
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3 Largest rounds
Largest funding rounds in Canada
A live treemap of $40M+ rounds from the Dealroom API. Each cell is one round into a company headquartered in Canada, grouped by Dealroom sector.
Largest rounds in Canada - 2024–2026
4 Startup hubs
Inside Canada: 12 startup hubs, 388 universities
Hubs are sized by combined enterprise value; universities by the startup founders they produced. Hover any point for its numbers; the lists rank hubs by EV and universities by founders.
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.
6 Founder origins
Where Canada's unicorn founders build
257 founders born in Canada are behind 167 unicorns; 57% of those were built in the US. Origins are resolved from biography and education history, not current address. Compare with the other origin countries in North America, ranked by founders or per 1M inhabitants.
7 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 | $30.5T | 8.2× | 2,383 | $281B | 112.9K |
| 2 | China | $6.1T | 5.3× | 537 | $34.7B | 25.2K |
| 3 | United Kingdom | $1.2T | 5.0× | 226 | $27.5B | 21.1K |
| 4 | India | $935B | 7.9× | 135 | $14.1B | 13.8K |
| 5 | Israel | $587B | 5.8× | 133 | $10.7B | 4,914 |
| 6 | Canada | $570B | 9.8× | 87 | $6.9B | 9,758 |
| 7 | South Korea | $440B | 15.8× | 52 | $8.2B | 8,139 |
| 8 | Germany | $420B | 4.8× | 99 | $8.3B | 8,949 |
| 9 | Netherlands | $400B | 3.4× | 47 | $3.6B | 4,011 |
| 10 | France | $399B | 5.4× | 68 | $8.3B | 9,352 |
| 11 | Singapore | $342B | 8.8× | 43 | $4B | 4,106 |
| 12 | Sweden | $287B | 6.5× | 56 | $3.5B | 3,369 |
8 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.
9 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.
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.