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Newfoundland and Labrador

State · Canada · Pop. 540K

A public taster of the full Newfoundland and Labrador ecosystem on Dealroom — request a demo for live deal flow, founder pedigrees, AI-talent maps, and the full cap table for every company below.

46 Pool of Funded Startups

New Startups

11 Annual Startups FoundedAll new ventures

6 Annual Startups FundedReceived investment

get funded 53%

41Startups

14 Pre-Seed Startups$100K–1M

20 Seed Startups$1–4M

7 Series A Startups$4–15M

3Breakouts

2 Series B Breakouts$15–40M

1 Series C Breakouts$40–100M

2Scaleups

1 Mega Scaleups$100–250M

reach Mega 2.2%

1 Mega+ Scaleups$250M+

reach Mega+ 2.2%

1Valuation Outcomes

1 Unicorns($1–10B valuation)

reach Unicorn 2.2%

Pre-Seed

Seed

Series A

Series B

Series C

Unicorn

* Conversion rates are derived from current counts.

Largest rounds

Largest funding rounds in Newfoundland and Labrador

A live treemap of the largest VC rounds. Each cell is one round into Newfoundland and Labrador-headquartered companies, grouped by Dealroom sector.

Largest rounds in Newfoundland and Labrador - 2026

Every $15M+ VC round into Newfoundland and Labrador-headquartered companies in 2026, grouped by Dealroom sector.

- rounds · - raised

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VC investment

How much venture capital flows into Newfoundland and Labrador

VC investment into Newfoundland and Labrador-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage.

Academia

Newfoundland and Labrador's academic flywheel

Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to Newfoundland and Labrador.

University-linked startup formation

University spinouts

Total alumni-founded companies

Of which startups (<$15M raised)

Breakouts ($15M-100M)

Scaleups ($100M+)

Location comparison

How Newfoundland and Labrador stacks up

Compare Newfoundland and Labrador 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.

Alberta

$25.2B

Newfoundland and Labrador

$3.9B

$3B

$1.5B

$1.5B

$1.4B

Combined enterprise value of each ecosystem.

Top regions in Canada ranked by combined EV. Newfoundland and Labrador's row is highlighted (#5).

#	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

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Country Canada North America · Pop. 41.3M · #6 startup ecosystem by EV Region North America Continent / region · Pop. 60M · #2 region by EV

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