Manitoba
State · Canada · Pop. 1.5M
Enterprise value
How much Manitoba’s VC-backed companies are worth
Combined enterprise value of VC-backed companies headquartered in Manitoba, founded since 1990 and still operating, at the end of each year. Companies stay in the total after they list or are acquired.
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.
Startup funnel
Manitoba's startup funnel
Companies headquartered in Manitoba at each stage today, by total VC raised. Hover a bar for the split.
Source: Dealroom.co
Quarterly report
Manitoba's latest quarter in venture capital
VC raised by Manitoba-headquartered companies in the quarter shown, against the quarter before and the same quarter a year earlier.
Latest complete quarter
Loading VC raised by Manitoba-headquartered companies…
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
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 | $378B | 14.9× | 38 | $3.3B | 4,447 |
| 2 | British Columbia | $79.3B | 9.0× | 23 | $1.8B | 2,099 |
| 3 | Quebec | $65.9B | 3.6× | 18 | $926.1M | 1,408 |
| 4 | Alberta | $25.2B | 4.8× | 8 | $373.7M | 1,191 |
| 5 | Newfoundland and Labrador | $3.9B | 68.2× | 1 | $86.2M | 59 |
| 6 | Nova Scotia | $3B | 6.2× | 0 | $163.3M | 245 |
| 7 | New Brunswick | $1.5B | 3.3× | 0 | $12.9M | 97 |
| 8 | Saskatchewan | $1.5B | 13.9× | 0 | $4M | 76 |
| 9 | Manitoba | $1.4B | 4.2× | 0 | $107.7M | 81 |
| 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.