Canada
North America · Pop. 41.3M · #6 startup ecosystem by EV
Adjacent ecosystems by EV
Startup hubs
Inside Canada: top 12 startup hubs
Sub-national ecosystems ranked by combined enterprise value of all tracked startups headquartered there.
Startup funnel
Canada's power-law funnel
From every VC-backed startup down to the biggest scale-ups. Conversion rates show what fraction of one tier graduate into the next. Capital figures (where shown) are total VC deployed at that stage.
Enterprise value · 2015–2025
Canada grew 16.3× since 2015
Combined enterprise value of every tracked startup headquartered in Canada that's still operating today, totalled by founding-year cohort.
Vs. similarly-sized ecosystems
How Canada stacks up
Peers chosen from the same North America cluster within ±70% of Canada's combined EV. The scatter plots growth × current size for the wider continent — outliers in the upper-right are ecosystems compounding fastest.
Top overview
North America ecosystems — combined view
Top ecosystems in North America ranked by combined EV. Canada's row is highlighted.
| # | Ecosystem | Combined EV | 5-yr EV growth | Unicorns | VC invested | Tracked startups |
|---|---|---|---|---|---|---|
| 1 | United States | $31T | 6.8× | 2,059 | $283.9B | 112.7K |
| 2 | China | $5.8T | 3.2× | 479 | $33.4B | 24.5K |
| 3 | United Kingdom | $1.2T | 4.6× | 211 | $24.1B | 20K |
| 4 | India | $883.7B | 7.1× | 125 | $13.9B | 13.3K |
| 5 | Israel | $599.9B | 5.6× | 128 | $10.7B | 4,762 |
| 6 | Canada | $571.2B | 9.6× | 81 | $5.9B | 9,480 |
| 7 | South Korea | $438.6B | 15.6× | 41 | $8.2B | 7,931 |
| 8 | France | $414.1B | 5.6× | 65 | $8.4B | 9,082 |
| 9 | Germany | $410.2B | 4.0× | 86 | $8.3B | 8,710 |
| 10 | Singapore | $359.5B | 9.6× | 38 | $3.3B | 3,900 |
| 11 | Netherlands | $346.9B | 2.7× | 39 | $3.2B | 3,887 |
| 12 | Australia | $294.5B | 9.3× | 44 | $3.8B | 4,984 |
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.
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.
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.
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