Funded Commerce and Shopping Startups in Canada
Disclosed round sizes in Canada’s commerce and shopping startups are heavily skewed: the largest disclosed round is Clearco’s $100M on 2023-10-04, which dw…
Disclosed round sizes in Canada’s commerce and shopping startups are heavily skewed: the largest disclosed round is Clearco’s $100M on 2023-10-04, which dwarfs the next-largest disclosed amounts in this view (notably Solink’s $60M on 2023-07-25 and Konscious Foods’ $20M on 2023-08-01). At the same time, the list is stage-uncertain for most entries: 36 of 50 rows are tagged “Series Unknown,” and 3 of 50 are “undisclosed,” so disclosed dollars show up irregularly.
Geographically, the concentration is visible around Toronto: multiple entries are Toronto-based across the time window, including Creative Destruction Lab (2026-06-26, $11M), PesoRama (2026-06-18, $15M), Snipp (2026-02-19, $3M), and Solink (2023-07-25, $60M). Temporally, the newest activity sits in June 2026 (most recent date: 2026-06-26 at Creative Destruction Lab), while the oldest rows shown reach 2023-06-14 (Engagement Agents, $30K), spanning about three years.
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Frequently asked
What’s the largest disclosed round in this Canada commerce/shopping slice, and how does it compare to the rest of the disclosed amounts?
Clearco’s disclosed $100M round on 2023-10-04 is the clear outlier; it sits far above Solink’s $60M (2023-07-25) and Konscious Foods’ $20M (2023-08-01), with most other disclosed rounds clustering well below $20M.
Do most entries cluster in a narrow time window, or are they spread across years?
They’re spread across roughly three years: the most recent row is Creative Destruction Lab on 2026-06-26 ($11M), while the oldest shown is Engagement Agents on 2023-06-14 ($30K). Even within that span, there’s a local June 2026 cluster (e.g., Elevate Service Group on 2026-06-25 for $7M; PesoRama on 2026-06-18 for $15M; Ax.c on 2026-06-09 for $2M).
Is Toronto over-represented compared with other cities?
Toronto shows up repeatedly across both newer and older rounds—for example, Creative Destruction Lab (2026-06-26, $11M), PesoRama (2026-06-18, $15M), Snipp (2026-02-19, $3M), and Solink (2023-07-25, $60M)—whereas many other cities appear once or twice in the 50-row view (e.g., Montreal shows up with The Logic on 2024-06-04 for $3M and QuoteMachine on 2023-10-17 for $4M).
What’s the stage mix: how dominant are “Series Unknown” and “undisclosed” labels?
“Series Unknown” dominates at 36 of 50 rows, and “undisclosed” appears 3 of 50 (e.g., Quadshift on 2026-04-01 and CrashBay on 2026-02-11). By comparison, specific stages like Seed and Series A show up fewer times (e.g., Seed: Moselle 2024-10-08 $2M; Series A: Rebelstork 2024-09-19 $18M).
Which disclosed entries are unusually small relative to the rest of the table’s disclosed dollars?
At the low end, Mulli Swing Solutions on 2026-05-02 has a disclosed $10K round, and multiple other small disclosed amounts are also near this floor (e.g., Folds Wear on 2025-02-05 for $10K; Mahara Mindfulness on 2025-02-05 for $10K; Remix Snacks on 2025-02-05 for $10K). These levels are far below the mid-teens and higher disclosed rounds like PesoRama’s $15M (2026-06-18).
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