Manitoba
State · Canada · Pop. 1.5M
Largest rounds
Largest funding rounds in Manitoba
A live treemap of the largest VC rounds. Each cell is one round into Manitoba-headquartered companies, grouped by Dealroom sector.
Largest rounds in Manitoba - 2026
Startup funnel
Manitoba'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.
* Conversion rates are derived from current counts.
VC investment
How much venture capital flows into Manitoba
VC investment into Manitoba-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage.
Academia
Manitoba's academic flywheel
Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to Manitoba.
Location comparison
How Manitoba stacks up
Compare Manitoba 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 regions in Canada ranked by combined EV. Manitoba's row is highlighted (#9).
| # | Ecosystem | Combined EV | EV growth | Unicorns | VC invested | Tracked startups |
|---|---|---|---|---|---|---|
| 1 | Ontario | $384B | 14.4× | 38 | $3.1B | 4,393 |
| 2 | British Columbia | $79.4B | 9.1× | 23 | $1.8B | 2,070 |
| 3 | Quebec | $67.4B | 3.6× | 16 | $1B | 1,391 |
| 4 | Alberta | $25.2B | 4.8× | 8 | $373.7M | 1,186 |
| 5 | Newfoundland and Labrador | $3.9B | 68.4× | 1 | $86.2M | 59 |
| 6 | Nova Scotia | $3B | 6.2× | 0 | $163.3M | 246 |
| 7 | New Brunswick | $1.5B | 3.3× | 0 | $5.4M | 95 |
| 8 | Saskatchewan | $1.5B | 13.9× | 0 | $4M | 76 |
| 9 | Manitoba | $1.4B | 4.2× | 0 | $107.7M | 80 |
| 10 | Prince Edward Island | $104.6M | — | 0 | $5.4M | 17 |
More data
Explore Dealroom data →Get the full Manitoba ecosystem on Dealroom
Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.