Canal: Funding, Investors & Team (Oct 2026)
Canal is a distributed commerce platform that facilitates retail or purchase of any product online.
Canal has raised $22.5M across 1 funding round on record, the most recent a Series A of $22.5M announced in Mar 2022.
That round is above the $3.6M median round size for Commerce and Shopping companies tracked on FundedIQ over the last two years.
Canal Company Profile and Key Stats
Latest funding round on record: Mar 2022.
Canal Funding Rounds
Canal Founders and Leadership Team
No contact details are on record for this team yet.
Canal Funding Compared to Other Commerce and Shopping Startups
Canal's latest round of $22.5M is above the median round in Commerce and Shopping. Medians cover the last 24 months of disclosed rounds.
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Canal Funding FAQs
What does Canal do?
Canal is a distributed commerce platform that facilitates retail or purchase of any product online.
How much funding has Canal raised?
Canal has raised $22.5M across 1 round on record. The most recent is a Series A of $22.5M announced in Mar 2022.
When did Canal last raise funding?
Canal's most recent funding round on record is a Series A of $22.5M, announced in Mar 2022.
Who is the CEO of Canal?
Bennett Carroccio is listed as CEO at Canal.
Where is Canal headquartered?
Canal is based in San Francisco, California, United States.
How many employees does Canal have?
Canal is in the 11-50 employee band.
How does Canal's funding compare to other Commerce and Shopping startups?
Canal's latest round of $22.5M is above the $3.6M median round size for Commerce and Shopping companies on FundedIQ across 3,501 tracked companies over the last two years.
About FundedIQ's Canal Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Canal is left off this page rather than filled in.
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