Funded Startups in British Columbia
British Columbia's most recent funding rounds span an unusually wide range in both size and sector.
British Columbia's most recent funding rounds span an unusually wide range in both size and sector. The standout raise is Clio's $500M Series G in Vancouver (November 2025), one of two nine-figure closes in the data alongside Artemis Gold's $507M and Kardium's $249M hardware round from Richmond. At the other end, sub-$500K raises from junior mining explorers — Torr Metals ($140K), Silver Elephant Mining ($170K), Thunderbird Minerals ($360K) — reflect a very different funding market operating in parallel.
Natural resources, primarily gold, silver, and copper exploration companies, account for more than 20 of the 50 most recent rounds and set the structural tone: most carry a "Series Unknown" classification, consistent with public junior mining companies using private placements rather than traditional VC rounds. Energy is the next most active sector, with General Fusion (Richmond, $22M), Gladiator Metals (Vancouver, $16M), and several smaller raises visible across the period. Vancouver dominates geographically, with Richmond, Coquitlam, North Vancouver, and Kelowna each contributing one to two companies to the recent round activity.
Most recent rounds
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Frequently asked
What are the largest disclosed rounds among recent BC-funded companies?
Artemis Gold leads at $507M (Vancouver, August 2025), followed closely by Clio's $500M Series G (Vancouver, November 2025) — the only Series G in the dataset. Kardium (Richmond) raised $249M in July 2025, with Snowline Gold at $58M and General Fusion at $22M rounding out the top five disclosed amounts.
Which sectors account for the most funding activity in British Columbia right now?
Natural Resources is the dominant sector by company count, with more than 20 companies in the 50 most recent rounds — including gold, silver, and copper explorers such as Snowline Gold, Artemis Gold, GR Silver Mining, and Kootenay Silver. Energy is the second most active sector, represented by General Fusion (Richmond, $22M), Gladiator Metals (Vancouver, $16M), Pulsar Helium (White Rock, $5M), and Moment Energy (Coquitlam).
Why do so many BC rounds appear as 'Series Unknown' rather than standard VC stages?
The majority of BC's recent activity comes from public junior mining and resource companies raising capital through public offerings and private placements — structures that don't fit standard VC stage labels. Traditional stage designations are limited to a handful of companies: Clio (Series G), Molecular You (Series A), Maia Farms and Sustainabite Fresh Farms (Seed), and Midasify (Pre-Seed).
How concentrated is BC funding activity in Vancouver versus other cities?
Vancouver accounts for the large majority of companies across the 50 most recent rounds. The remainder are spread across Metro Vancouver municipalities — Richmond (General Fusion, Kardium), Coquitlam (Moment Energy), North Vancouver (Maia Farms), Port Coquitlam (Sharc Energy Systems), Surrey (Sustainabite Fresh Farms) — and one interior BC entry, Cantex Mine Development in Kelowna.
What does the early-stage deal activity look like in this dataset?
Early-stage structured rounds are sparse: Maia Farms (North Vancouver) closed a $2M Seed in September 2025, Molecular You (Vancouver) raised a $5M Series A in August 2025, and Midasify (Vancouver, AI) completed an undisclosed Pre-Seed in August 2025. Sustainabite Fresh Farms (Surrey) also raised a Seed round at an undisclosed amount.
How do round sizes for tech and hardware companies compare to natural resource companies in BC?
The two largest tech-adjacent raises — Clio's $500M Series G and Kardium's $249M hardware round — are outliers that skew well above the natural resource median. Most mining and exploration companies in the data raised under $15M, with several closing below $500K, including Torr Metals ($140K), Silver Elephant Mining ($170K), and Thunderbird Minerals ($360K).
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