Funded Artificial Intelligence Startups in Canada
The 50 most recent funding rounds in Canadian AI span late October 2024 through November 2025, with Toronto accounting for roughly 22 of the 50 entries — a…
The 50 most recent funding rounds in Canadian AI span late October 2024 through November 2025, with Toronto accounting for roughly 22 of the 50 entries — a concentration that also holds two of the dataset's largest disclosed rounds: Blue J Legal's $122M Series D (August 2025) and Cohere's $100M Series D (September 2025). Vancouver follows with around 10 companies, including Gumloop ($17M Series A, January 2025) and Variational AI ($6M Seed, February 2025). Montréal contributes five companies, anchored by T-Rize Group's $300M round in December 2024 — the single largest in this set.
Stage distribution spans the full spectrum. atlantiq AI (St. John's) raised $50K at pre-seed in May 2025, while Edmonton's Nanoprecise Sci Corp closed a $38M Series C in March 2025, and four Series B rounds across Flare, Spellbook, Botpress, and FleetOps total $112M. Ten of the 50 rounds carry undisclosed amounts, concentrated in pre-seed and Series Unknown classifications. Beyond Ontario and British Columbia, funded companies appear in Alberta, Quebec, and Newfoundland — a geographically distributed, if Toronto-heavy, ecosystem.
Most recent rounds
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Frequently asked
What are the largest disclosed AI funding rounds in Canada in this dataset?
T-Rize Group (Montréal) raised $300M in December 2024, the largest round in this set. Blue J Legal (Toronto) followed with a $122M Series D in August 2025, and Cohere (Toronto) closed a $100M Series D in September 2025. dcbel (Montréal) raised $55M in March 2025 and Spellbook (Toronto) raised $50M at Series B in October 2025.
Which Canadian city has the most funded AI startups right now?
Toronto dominates, representing roughly 22 of the 50 most recent rounds, including both Series D deals in the dataset. Vancouver is second with approximately 10 companies — among them Gumloop ($17M Series A, January 2025) and Variational AI ($6M Seed, February 2025) — followed by Montréal with around five.
What's the most recent AI funding round closed in Canada?
Flare, a Montréal-based AI company, closed a $15M Series B on November 3, 2025 — the most recent event in this set. Spellbook (Toronto, $50M Series B) and Cohere (Toronto, $100M Series D) closed in October and September 2025 respectively.
How many of these Canadian AI rounds have undisclosed deal sizes?
Ten of the 50 rounds carry undisclosed amounts, including Midasify (Vancouver, pre-seed), DAITY (Richmond Hill), Braintoy and OraQ AI (both Calgary), and Lydia.ai (Toronto). Undisclosed deals are concentrated in pre-seed and Series Unknown classifications.
What does the late-stage Canadian AI funding picture look like?
Late-stage activity is anchored by two Series D rounds — Blue J Legal ($122M, August 2025) and Cohere ($100M, September 2025), both in Toronto — and a $38M Series C for Edmonton's Nanoprecise Sci Corp (March 2025). Four Series B rounds across Flare, Spellbook, Botpress, and FleetOps add another $112M combined.
What check sizes are typical for seed and pre-seed Canadian AI deals?
Disclosed seed rounds in this dataset range from $1M (Dial AI, Vancouver, February 2025) to $6M (Xaba, Toronto, April 2025; Variational AI, Vancouver, February 2025; Starboard, Toronto, December 2024). Pre-seed rounds cluster between $830K (Glowtify, Montréal) and $2M (vopemed, Montréal; Opal, Vancouver), though several pre-seed deals in the set have undisclosed amounts.
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