Startup Funding in Canada

Central hub of Calgary's innovation ecosystem; rebranded from Calgary Technologies Inc. in 2019; took over Startup Calgary in 2021.

Created 2020; Startup Edmonton now operates as a program of Edmonton Unlimited.

U of Calgary's tech-transfer and incubation arm for 30+ years; formed 2010 from University Technologies International.

Crown corporation; surpassed $1B of VC into Alberta tech by 2021.

Launched 2020; co-founded by James Lochrie, Jim Gibson, Greg Hart. Portfolio: Reverb Therapeutics, Ayrton Energy, Garden Loft.

Founded 2019 by Judy Fairburn, Shelley Kuipers, Alice Reimer. 200+ ventures funded, $71M+ activated; 81% women CEOs.

$23M+ angel matching fund series anchored by Alberta Enterprise Corp.

Formed 2019; received $750K from Alberta Innovates for its AI-powered Science Park platform.

Province of Alberta's innovation engine, ~$250M budget.

BC's largest/longest-running tech competition; since 2000, 4,000+ ventures, $3.4B+ raised.

Canada's largest cleantech accelerator; by its 10th year ventures had raised $1.5B+.

B Corp; supported 750+ entrepreneurs, 350+ businesses.

Founded 2017; worked with 2,500+ startups across 5 countries.

Supported ~800 UBC ventures; Innovation UBC reports 284+ spin-offs, $8.4B+ raised.

Launched at U of T Rotman 2012; CDL-Vancouver ventures generated $6.69B+ equity value (2025).

~$600M AUM; $250M Innovation Growth Fund III (2025). 75+ companies, ~$10B combined enterprise value.

$500M+ AUM. Hard tech, AI/analytics, computational biology. Notable: D-Wave, Canalyst, Recon Instruments.

Part of PenderFund. Fund II $100M CAD (2024). Notable: Copperleaf (IPO), Jane Software, DrugBank.

Formerly Vancouver Founder Fund. $120M Fund III (2024). Notable: Thinkific, Klue, Article, FISPAN.

~C$240M AUM across three funds. Early-growth impact investor. Notable: Miovision, Swiftly, Aquatic Informatics.

B Corp; Canada's largest climate tech seed fund. Fund III $110M CAD (2025), $180M+ AUM.

Saskatchewan's tech incubator; 200+ SK startups incubated.

Powered by Conexus Credit Union; 100+ startups incubated.

Houses North America's largest FabLab (~$4M equipment); 280+ companies, 1,700+ jobs.

Largest angel network in Western Canada; $48M+ across 170+ deals.

Supports Canadian science/tech startups across cleantech, health, fintech, enterprise.

2,450+ startups supported, $2.94B+ raised; among the world's top university incubators.

Central convenor of Waterloo Region's tech ecosystem.

500+ startups, ~$40B combined value; alumni: ApplyBoard, North, Vidyard, Mappedin.

Alumni raised $2B+; incl. Wealthsimple, Borrowell, Clio, KOHO, 1Password.

Founded 2016 by Marcus Daniels; ~$20M fund led by RBC. Partners: RBC, Intuit, Mattel, Colgate-Palmolive.

Founded 2017; one of the world's fastest-growing tech festivals.

National not-for-profit; 2026 NEXT AI Toronto cohort selected 18 ventures.

Paused 2024; relaunch being staffed as of late 2025. Not running active cohorts in 2026.

First Canadian accelerator focused exclusively on enterprise cloud / SaaS.

Lead economic development agency for Ottawa; manages Bayview Yards.

Leading Canadian hardware founder community; 4,000+ ventures, $420M+ raised since 2011.

Not-for-profit RIC; worked with 800+ innovation companies.

Durham's RIC for early-stage/pre-revenue tech; Startup Visa partner.

Toronto chapter of the world's largest pre-seed accelerator network.

Top Canadian deep-tech incubator at ÉTS; robotics, AI, cybersecurity, medtech.

Concordia University's incubator; 600+ startups across AI, life sciences, robotics, fintech.

Quebec venture studio pioneer; 30+ ventures valued $700M+. Fund IV $37M CAD (2025). Notable: SPORTLOGiQ, WRNCH.

Toronto-based (U of T / Vector Institute affiliated). Launched June 2025 to build 50 AI companies; led by Daniel Wigdor.

Founded 1999; serves all provinces with non-dilutive R&D funding.

Halifax's flagship startup hub; pivoted to an AI-first innovation hub / AI Residency model.

Formerly Propel ICT (2003); 350+ companies supported, $1.5B+ raised.

Founded 2013; serves IT, biotech, engineering, food & beverage; newcomer founder program.

Established 1997; 1,000+ tech startups supported, $85M+ raised by clients.

Atlantic Canada's innovation hub for BIPOC/racialized entrepreneurs; 2,000+ members.

~CAD $2.5B AUM; 10 unicorns. Portfolio: Lightspeed, Hopper, Sonder, AlayaCare.

~$325M across five funds; Clearco, Sonder, Blockstream.

Sector-agnostic seed fund; Fund V ~USD $100M (2024); ~CAD $355M+ across funds.

Fund V (CAD $108M) + Opportunities Fund III (CAD $41M); AI, robotics, deep tech.

~CAD $355M+ deployed; mobile, proptech, fintech, sportstech; 130+ companies.

VC arm of OMERS pension; Fund IV USD $750M. Shopify (early), Hootsuite, Wave.

Growth equity for AI/B2B software; latest flagship fund ~CAD $1.4B; in-house AI Lab.

Investment arm of BDC; ~CAD $4B AUM; Canada's most active early-stage VC. Specialized Seed, Climate, Life Sciences, Deep Tech funds.

~USD $1.8B AUM incl. $650M early-stage and $800M AI growth funds. Founded by Jordan Jacobs, Tomi Poutanen.

Third fund CAD $101M. Early-stage B2B FinTech and Enterprise SaaS. Spun out of RBC.

Fund II first close exceeded $100M ($250M target); vertical SaaS and AI platforms.

$150M+ CAD AUM; one of Canada's most active pre-seed/seed funds. Offices in Montreal, Toronto, Calgary, Vancouver.

~134 companies incl. 10 unicorns. Substack, Census, Humi, Fellow. Waterloo Engineering operators.

~$450M across 3 funds and 27 SPVs; latest fund $100M. Hopper (unicorn), Brickeye, Nudge.

$180M+ AUM; Fund II $96M CAD. Early-stage fintech; LPs incl. La Caisse, BDC, iA.

Part of Sagard; ~$6.4B AUM. Fund III USD $655M, among the largest early-stage fintech funds.

Canada's largest life sciences VC; Fund IV USD $220M. Offices in Toronto, Montreal, Vancouver, Boston.

Precision medicine VC (biology + AI). Fund II CAD $263M (2024); $500M+ AUM. Spinout of BDC's healthcare team.

Biotech VC (pre-clinical/clinical). ~CAD $345M across three funds.

30+ year firm; B2B software, MedTech, food-tech. Fund V CAD $140M; ~CAD $365M AUM.

Vertical software, ecommerce, AI. ~$300M fund; Fund III $200M first close (2023). 53+ companies.

Tech growth/private credit; ~CAD $900M raised across five funds. Targets $10M-$100M revenue companies.

'Capital + Connections' B2B investor; ~CAD $100M fund. Coconut Software, Rewind, Nylas, Dooly.

Fund II $30M initial close. Invests in women-led companies (woman in C-level). Coconut Software, Bridgit, Tealbook.

Canada's first student-run VC, ~$5.5M. At least one founder must be a student. Launched by Real Ventures.

Deep tech fund by Eva Lau and Allen Lau (Wattpad co-founders). Fund III $41M CAD (2023).

Early-stage VC for Canadian founders; ~70 companies. Software, proptech, fintech, AI, healthtech.

~$65M AUM across 4 funds; 44 investments. Spring Loaded, Affinio, ProcedureFlow.

Atlantic Canadian pre-seed fund ~$18M; 50% Nova Scotia / 50% Atlantic mandate.

Manages Venture Newfoundland & Labrador funds (~$30M); $20M third fund secured. IT and medtech.

Halal/ethical focus. Toronto-based; ~8 companies across ecommerce, education, Islamic finance, halal lifestyle (Marhaba DeFi, Quran Era).

Leading Canadian Islamic fintech; $100M+ halal mortgages. Serves Muslim consumers' finance/investing needs (not a startup investor).

Shariah-compliant halal mortgage provider; Islamic-finance ecosystem org serving Muslim communities (not a startup investor).

Note: the co-op housing program is not currently accepting new applications, verify before applying. Roots in North America's first Islamic financial institution (1980); Ansar Financial (CSE: AFD) is its first interest-free public company, $85M+ managed.