FundedIQ

Recently Funded Biotechnology Startups in Toronto

Updated Oct 2026

There are 50 funded Biotechnology startups in Toronto in the FundedIQ database, each with its funding rounds, amounts, investors, industries, locations and company details. This page provides an overview of the Biotechnology startup funding landscape in Toronto, along with the 50 most recently funded Biotechnology startups in Toronto.

Biotechnology startups in Toronto closed 37 funding rounds over the last 24 months, 19 of them in the last 12 months, and raised $1.2B in disclosed capital. The median disclosed round is $1.4M, with the middle half of rounds falling between $790K and $7.5M.

Toronto biotechnology activity centers on early growth. Series A leads the way followed by Seed rounds. This concentration means companies are moving past initial proofs of concept toward scalable operations. Sourcing here focuses on firms with established technical foundations that are now hiring for commercial expansion or clinical trials.

Biotechnology funded startup statistics in Toronto

Funded Biotechnology startups in Toronto
50
tracked in the database
Funding rounds, last 12 months
19
37 over 24 months
Disclosed capital raised, 24 months
$1.2B
32 of 37 rounds disclosed an amount
Median round size
$1.4M
middle half $790K to $7.5M

Most recent funding round on record: Jun 2026.

50 most recently funded Biotechnology startups in Toronto

50 shown

Ordered by the date of the latest funding round. Each row gives the company, its location and industry, what it does, the stage and date of that round, and the disclosed amount.

M
Toronto, Canada · Biotechnology
Medicenna is a clinical-stage immunotherapy company focused on oncology and the development and…
Series Unknown ·
$4.4M
H
Toronto, Canada · Biotechnology
Cybin is a clinical-stage biopharmaceutical company on a mission to create safe and effective…
Series Unknown ·
$50M
A
Toronto, Canada · Biotechnology
Avicanna is an organization in the biopharmaceutical sector that concentrates on enhancing medical cannabis…
Series Unknown ·
$430k
K
Kintra
Toronto, Canada · Biotechnology
Kintra is creating an AI-powered biometrics platform for tracking hormones and biomarkers in elite athletes,…
Seed ·
Undisclosed
M
Toronto, Canada · Biotechnology
Medicus Pharma is a biotechnology research company that fast-tracks the progress of life sciences and…
Series Unknown ·
$16M
P
Toronto, Canada · Biotechnology
ProteinQure is a biotechnology company specializing in creating innovative peptides for various medical…
Series Unknown ·
$1.8M
D
Diamond Therapeutics
Toronto, Canada · Biotechnology
Diamond Therapeutics is a company based in Toronto that specializes in the development of psychedelic drugs.…
Series Unknown ·
Undisclosed
O
Toronto, Canada · Biotechnology
Ontario Genomics is a non-profit organization that supports the development and application of genomics and…
Series Unknown ·
$5.1M
T
Toronto, Canada · Biotechnology
Theralase Technologies is a biopharmaceutical company that specializes in creating and selling patented laser…
Series Unknown ·
$3.4M
A
Toronto, Canada · Biotechnology
Alpha computing Corp. (Nasdaq: ALP) is an AI computing infrastructure provider that offers hardware-enforced,…
Series Unknown ·
$319M
P
Toronto, Canada · Biotechnology
PhenoTips is a computer software company that provides solution for clinical genetics, phenotyping, and human…
Series Unknown ·
Undisclosed
T
Toronto, Canada · Biotechnology
Telo Genomics, a biotech company that offers telomere platform for biopsies and related technologies in…
Series Unknown ·
$860k
M
Mediphage Bioceuticals
Toronto, Canada · Biotechnology
Mediphage Bioceuticals is a genetic medicine company focused on developing safe, effective, and personalized…
Series Unknown ·
Undisclosed
G
Toronto, Canada · Biotechnology
Glow LifeTech is a biotechnology company headquartered in Canada that specializes in creating nutraceutical…
Series Unknown ·
$320k
T
Toronto, Canada · Biotechnology
Tailored Genes was established with the purpose of offering personalized viral vector solutions to…
Series Unknown ·
$1.0M
R
Toronto, Canada · Biotechnology
Reunion Neuroscience is a pharmaceutical company in the clinical stage that is working on creating treatments…
Series A ·
$133M
P
Toronto, Canada · Biotechnology
ProMIS Neurosciences is a biotechnology company that focuses on finding and creating targeted treatments and…
Series Unknown ·
$6.7M
N
Toronto, Canada · Biotechnology
Newtopia is a company that provides personalized health solutions by using personal genetics and engagement…
Series Unknown ·
$1.4M
A
Toronto, Canada · Biotechnology
Augmenta is spurred by the conviction that generative techniques are set up to empower an unrest in the…
Seed ·
$10M
A
Toronto, Canada · Biotechnology
Series Unknown ·
$240k
P
Toronto, Canada · Biotechnology
Paradox Immunotherapeutics is a pharmaceutical company focused on creating treatments for individuals with…
Series Unknown ·
$10M
E
Toronto, Canada · Biotechnology
Enhanced Medical Nutrition creates medical food products designed to assist patients in improving their…
Series A ·
$5.0M
P
Toronto, Canada · Biotechnology
Psyence Biomedical is a life science biotechnology company that focuses on advancement of psychedelic…
Series Unknown ·
$1.4M
A
Toronto, Canada · Biotechnology
Awakn Life Sciences is a biotechnology company with clinical operations that develops and delivers…
Series Unknown ·
$540k
N
NEXT Integrative Minds Life Sciences Ltd.
Toronto, Canada · Biotechnology
Our Neuro-literacy-based Training Programs™ are evidence-based non-clinical performance solutions. They…
Series A ·
Undisclosed
M
Toronto, Canada · Biotechnology
Materia is your trusted partner in driving innovation and unlocking the full potential of sustainable product…
Series Unknown ·
$30k
D
Toronto, Canada · Biotechnology
DRI Healthcare is a pioneer in global pharmaceutical royalty monetization. Over the course of three decades,…
Series Unknown ·
$632M
P
Toronto, Canada · Biotechnology
Psyence (PSYG) is a clinical-stage life science biotechnology company pioneering the use of natural…
Series Unknown ·
$1.0M
S
Toronto, Canada · Biotechnology
Synex Medical is working on creating a non-invasive blood testing technology that will allow users to track…
Series A ·
$22M
N
Toronto, Canada · Biotechnology
Notch Therapeutics, founded in 2018 and based in Toronto, Canada, is innovating in immune cell therapy by…
Series Unknown ·
$16M
N
Toronto, Canada · Biotechnology
Neural Therapeutics is a company that focuses on discovering drugs derived from plants and specializes in…
Series Unknown ·
$360k
C
Toronto, Canada · Biotechnology
We’re on a mission to revolutionize mental healthcare
·
$150M
B
Toronto, Canada · Biotechnology
Biofect Innovations aims to regularly provide ingredients to the food industry in order to support the…
Series Unknown ·
$100k
S
Toronto, Canada · Biotechnology
Specific Biologics is creating a cutting-edge technology that includes a dual-cleaving nuclease capable of…
Seed ·
Undisclosed
D
Toronto, Canada · Biotechnology
DRI Healthcare Trust aims to offer investors a unique opportunity to participate in the expected expansion of…
Series Unknown ·
$77M
A
Toronto, Canada · Biotechnology
Aptose Biosciences is a biopharmaceutical company that is concentrated on the exploration, study, and…
Series Unknown ·
$3.0M
S
Toronto, Canada · Biotechnology
Spectral Medical focuses on the development and commercialization of a treatment for septic shock using its…
Series Unknown ·
$4.1M
L
Toronto, Canada · Biotechnology
Liberum offers next generation protein manufacturing. Taking advantage of our suite of proprietary molecular…
Seed ·
$1.8M
A
Toronto, Canada · Biotechnology
Ardra is a startup based on technology developed at the University of Toronto. Their technology uses…
Series Unknown ·
Undisclosed
C
Toronto, Canada · Biotechnology
Toronto, Canada is the location where CTRL Therapeutics, a biotechnology company focused on researching cell…
Seed ·
$10M
I
Inspire Biotherapeutics
Toronto, Canada · Biotechnology
The goal of Inspire Biotherapeutics is to develop gene therapies that can cure individuals with lung diseases.
Pre-Seed ·
Undisclosed
S
Toronto, Canada · Biotechnology
SQI Diagnostics is a medical systems company that develops proprietary technologies in multiplexing,…
Series Unknown ·
$10M
A
AmacaThera
Toronto, Canada · Biotechnology
AmacaThera is a biotechnology business with headquarters in Toronto that is dedicated to creating and…
Series Unknown ·
Undisclosed
B
Toronto, Canada · Biotechnology
Bluedot Organics is a biotechnology company with the mission to create high quality plant based medicines and…
Seed ·
$50k
C
Toronto, Canada · Biotechnology
The preferred partner for data-driven drug discovery is Cyclica. We develop molecules that take into account…
Series Unknown ·
$1.8M
T
Toronto, Canada · Biotechnology
Grant ·
$3.0M
X
Toronto, Canada · Biotechnology
Xpan is developing novel and less invasive surgical devices for Minimal Invasive Surgeries. The company was…
Seed ·
$200k
N
Toronto, Canada · Biotechnology
Novamind Ventures is an early-stage investment firm that seeks investments in infrastructure for specialized…
Venture - Series Unknown ·
$4.7M
P
Toronto, Canada · Biotechnology
Providence Therapeutics is a biotechnology company that develops a personalized mRNA cancer vaccine designed…
Grant ·
$2.1M
C
Toronto, Canada · Biotechnology
CleanSlate UV allows staff, patients and visitors to sanitize their personal items (such as phones, tablets…
·
$300k

About the FundedIQ Biotechnology startup funding data in Toronto

FundedIQ tracks announced startup funding rounds and organises them by company, funding date, stage, amount, industry, location and investor. The dataset is refreshed weekly, and new rounds are normalised and de-duplicated before they are published, so the same round reported twice on different dates is recorded once.

Figures on this page cover the 50 funded Biotechnology startups in Toronto currently tracked. Round counts, capital totals and the median round are computed over a trailing 24 months. Rounds whose amount was not disclosed (5 of 37 in that period) are counted as rounds but excluded from capital totals and from the median. The most recent round on record for funded Biotechnology startups in Toronto is dated Jun 2026.

The table above shows the 50 most recently funded companies. Full funding histories, investor lists and founder contacts across the whole dataset open on a FundedIQ plan.

Frequently asked questions

How many funded Biotechnology startups are there in Toronto?

FundedIQ tracks 50 funded Biotechnology startups in Toronto. This page lists the 50 most recently funded of them, ordered by the date of their latest round, and the full set is available on a FundedIQ plan.

How much funding have Biotechnology startups in Toronto raised?

Biotechnology startups in Toronto tracked by FundedIQ have raised $1.2B in disclosed capital across 37 funding rounds over the last 24 months, including 19 rounds in the last 12 months. 32 of those 37 rounds disclosed an amount; undisclosed rounds are excluded from the capital total.

What is a typical funding round size for Biotechnology startups in Toronto?

The median disclosed round over the last 24 months is $1.4M, and the middle half of rounds fall between $790K and $7.5M. Round sizes vary widely by stage, so the seed and later-stage bands sit well either side of that figure.

How often is the Biotechnology startup funding data in Toronto updated?

The dataset is refreshed weekly. New rounds are normalised and de-duplicated before they are published, and the most recent round currently on record for funded Biotechnology startups in Toronto is dated Jun 2026. Counts and totals on this page are recomputed on every refresh.

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