Funded Administrative Services Startups in Canada
Across the 50 most recent disclosed rounds in Canadian Administrative Services startups, the largest disclosed amount is $100M by Euro Manganese (2023-11-28).
Across the 50 most recent disclosed rounds in Canadian Administrative Services startups, the largest disclosed amount is $100M by Euro Manganese (2023-11-28). It sits far above the next-largest disclosed rounds—$50M by WorkJam (2022-11-22) and $42M by No Meat Factory (2023-01-12)—with the rest of the disclosed amounts clustering much lower, including multiple entries at $20M or below (e.g., UniUni at $20M on 2023-12-19; Zedcor at $18M on 2026-02-03).
The list also shows cluster behavior by geography and time: British Columbia locations recur often (e.g., Zedcor in Calgary, but multiple rounds in Vancouver such as King Copper Discovery at $15M on 2026-01-19, Anfield Energy at $4M on 2025-12-24, and Electric Royalties at $1M on 2025-11-06), while the round dates span from 2022-10-24 (Voilà! Technologies) to 2026-03-02 (Eco Guardian). Stage disclosures are skewed toward non-specific labels: 29 of 50 rows show “Series Unknown,” and 9 of 50 rows show “undisclosed” amounts, so only a smaller subset provides comparable stage + dollar pairs (e.g., Unito’s $20M Series B on 2022-10-26 and VEERUM’s $9M Series B on 2023-05-29).
Most recent rounds
50 shownRelated listings
Frequently asked
Which disclosed round is the clear outlier in size, and what’s the immediate “next tier” among disclosed amounts?
Euro Manganese’s $100M round on 2023-11-28 is the largest disclosed amount in the 50-row window. The next-largest disclosed amounts are materially lower, led by WorkJam at $50M (2022-11-22) and No Meat Factory at $42M (2023-01-12), with many other disclosed rounds at $20M or below (e.g., UniUni $20M on 2023-12-19; Zedcor $18M on 2026-02-03).
Do any locations look over-represented across the most recent rounds?
British Columbia appears repeatedly across different cities, especially Vancouver (e.g., King Copper Discovery $15M on 2026-01-19; Anfield Energy $4M on 2025-12-24; Electric Royalties $1M on 2025-11-06; Tower One Wireless $3M on 2023-02-07; Good Natured Products $3M on 2023-06-08). Quebec and Ontario also recur (e.g., WorkJam in Montréal $50M on 2022-11-22; Unito in Montréal $20M on 2022-10-26; InnerSpace in Toronto $8M on 2023-08-10).
How tight is the window of recent activity at the top of the list?
The most recent entry is Eco Guardian on 2026-03-02 ($1M), and multiple other rounds fall in the following months: Zedcor (2026-02-03, $18M), King Copper Discovery (2026-01-19, $15M), and Anfield Energy (2025-12-24, $4M). That indicates the latest cluster spans roughly March 2026 back through late 2025 in the rows shown.
What stage/label mix dominates, and how does it affect comparisons by disclosed dollar amounts?
“Series Unknown” appears in 29 of 50 rows, and “undisclosed” amounts appear in 9 of 50 rows, limiting direct stage-to-dollar comparisons. When stage is specified, disclosed amounts span a wide range, such as UniUni’s Series B at $20M (2023-12-19), VEERUM’s Series B at $9M (2023-05-29), and ZenHub’s Series A at $10M (2023-03-09).
Are there smaller disclosed amounts that stand out as a low-end cluster?
Several entries land at the low end of disclosed amounts: BeMetals at $610K (2025-10-09) and SOARE at $360K (2025-03-07) sit well below many others in the $1M–$10M range. The absolute low disclosed point is $30K for DCM (2023-06-14), which is also far below the typical multi-million-dollar disclosures seen elsewhere (e.g., HiringBranch $3M on 2023-10-09; EcoPoly Solutions $5M on 2023-09-07).
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