Funded Consumer Electronics Startups in Toronto
Across these 15 Toronto consumer electronics entries (2020-08-20 to 2025-07-07), the largest disclosed round is Rose Rocket’s $38M on 2023-06-20, which dwa…
Across these 15 Toronto consumer electronics entries (2020-08-20 to 2025-07-07), the largest disclosed round is Rose Rocket’s $38M on 2023-06-20, which dwarfs the next-largest disclosed amounts in the list ($25M for POET Technologies on 2025-07-07; $12M for Daylight on 2021-09-21; and $10M for Muse on 2022-08-11). Disclosed amounts also show a cluster in mid-2023: Rose Rocket’s $38M (2023-06-20) sits near Tennis Canada’s $500K (2023-06-16), with Peraso Technologies following later in 2024 ($2M on 2024-11-05). Stage and disclosure mix are uneven: five entries are labeled “Series Unknown” and two are “undisclosed,” while only a few rounds show named stages like Series A (Daylight 2021-09-21 at $12M; Altrio 2022-06-15 at $6M) and Series C (Muse 2022-08-11 at $10M).
Most recent rounds
15 shownRelated listings
Frequently asked
What stands out as the biggest disclosed round, and how concentrated are the next-largest deals?
Rose Rocket’s disclosed $38M (2023-06-20) is the only round in this list above $25M; the next-largest disclosed amount is POET Technologies at $25M (2025-07-07), followed by Daylight at $12M (2021-09-21) and Muse at $10M (2022-08-11). The remaining disclosed rounds sit at $2M, $1M, or below, making the $38M outsize relative to the rest.
Do recent rounds cluster in time, or are they spread evenly across the period shown?
The 15 rows span 2020-08-20 (EnergyX) to 2025-07-07 (POET Technologies). The most recent set is compact: four entries fall between 2025-03-04 (Forcen $2M; Skygauge $1M) and 2025-07-07 (POET Technologies $25M), while an earlier concentration appears around mid-2023 with Tennis Canada (2023-06-16, $500K) adjacent to Rose Rocket (2023-06-20, $38M).
How often is the stage disclosed versus left as “Series Unknown” or “undisclosed”?
Of 15 entries, five are tagged “Series Unknown” (e.g., POET Technologies 2025-07-07 $25M; Forcen 2025-03-04 $2M), and two are “undisclosed” on amount (OTI Lumionics 2024-06-11; Rocscience 2024-01-08). Named stages appear for seven entries, including Series A (Daylight $12M; Altrio $6M), Series C (Muse $10M), and Series B (Rose Rocket $38M).
Are there any clear outliers among the smaller rounds, or does the low-end look uniform?
At the low end, the smallest disclosed amount is Quanta Vici’s $70K on 2022-04-25 (Equity Crowdfunding), with the next-smallest disclosed rounds including Kiri Innovation at $100K (2022-03-09, Angel) and Tennis Canada at $500K (2023-06-16, Series Unknown). By contrast, several undisclosed-amount entries (OTI Lumionics 2024-06-11; Rocscience 2024-01-08) prevent a purely “small amounts” pattern from being uniform.
Does the mix of investment instruments suggest different deal types, even within the same city/sector?
Even within Toronto consumer electronics, the instrument labels vary: Quanta Vici is Equity Crowdfunding with a disclosed $70K (2022-04-25), Kiri Innovation is Angel with $100K (2022-03-09), and WeavAir is Non-equity Assistance with an undisclosed amount (2022-09-01). Meanwhile, several equity rounds carry named series with disclosed sizes (e.g., Altrio Series A $6M on 2022-06-15; Muse Series C $10M on 2022-08-11).
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