Funded Data and Analytics Startups in Canada
Across these 50 Canada data-and-analytics rounds (2023-05-22 to 2026-03-27), the largest disclosed amount is Xanadu’s $275M on 2026-03-27; it is far above…
Across these 50 Canada data-and-analytics rounds (2023-05-22 to 2026-03-27), the largest disclosed amount is Xanadu’s $275M on 2026-03-27; it is far above the next-largest disclosed round in the table (Fable’s $25M on 2024-10-16) and dwarfs the general cluster of $1M–$10M deals. Dates also cluster: 10 of the 50 entries have 2026 round dates (including Wyvern $2M on 2026-03-27 and Blue Moon Metals $950K on 2026-03-03), indicating a very recent batch.
Geographically, Ontario dominates with multiple Toronto-area entries (e.g., Brickeye $10M on 2026-01-20; Motion $30M on 2024-09-19; Secoda $14M on 2023-09-21), alongside frequent British Columbia (e.g., Hubbl Diagnostics $6M on 2026-02-09; Illuming Power $5M on 2023-06-19). Stage disclosure is incomplete: “Series Unknown” appears 27 times, and “undisclosed” amounts appear 9 times, versus smaller counts for defined stages such as Seed, Pre-Seed, Series A, Series B, and Series C.
Most recent rounds
50 shownRelated listings
Frequently asked
What stands out most in round size, and where does it sit versus the rest of the disclosed amounts?
Xanadu’s $275M round on 2026-03-27 is the only disclosed amount in the table above $100M; the next-highest disclosed amount is Fable’s $25M on 2024-10-16, putting most other disclosed rounds (often $1M–$10M) in a much lower range.
Is there a meaningful recency cluster in the dates shown, or are these spread evenly?
They are not evenly spread toward the top: 10 of the 50 entries land in 2026, with multiple March 2026 rounds such as Wyvern $2M and Xanadu $275M on 2026-03-27, plus Blue Moon Metals $950K on 2026-03-03.
Which locations are most over-represented, and do you see repeat-city concentration?
Toronto, Ontario appears repeatedly (e.g., Brickeye $10M on 2026-01-20; Fable $25M on 2024-10-16; Secoda $14M on 2023-09-21), and British Columbia shows up often as well (e.g., Hubbl Diagnostics $6M on 2026-02-09; Illuming Power $5M on 2023-06-19). Other cities (e.g., Edmonton’s Wyvern $2M on 2026-03-27) appear more sporadically.
How complete is stage and amount disclosure, and what does that mean for analyzing this list?
Stage classification is frequently missing: “Series Unknown” appears 27 times, while amounts are explicitly “undisclosed” in 9 rows (for example Turbopuffer on 2025-12-19 and Greenspace on 2025-03-11). Defined stages exist (e.g., Hubbl Diagnostics as Series A on 2026-02-09 and Brickeye as Series B on 2026-01-20), but a large share can’t be segmented cleanly.
Which outlier entries should get extra attention beyond size, given their surrounding context?
Global outliers on disclosed size are clear, especially Xanadu’s $275M on 2026-03-27 versus the table’s next disclosed highs like Fable $25M on 2024-10-16; by contrast, several very small disclosed rounds cluster around $100K–$2M, such as KorrAI’s $100K on 2023-05-22 and Mariner Partners’ $40K on 2026-03-03.
What stage mix appears most common among the explicitly disclosed stages (ignoring rows marked “Series Unknown”)?
Among rows with a stated stage, Seed/Pre-Seed/Series A/Series B/Series C all show up, but the biggest repeated concentration is in early-to-growth stages rather than only late-stage rounds—for example Seed includes Turbopuffer (amount undisclosed) on 2025-12-19 and MyFO $3M on 2024-10-18, while Series B includes Brickeye $10M on 2026-01-20 and Motion $30M on 2024-09-19.
Know which startups just got funded. Every week.
Fresh funding rounds, new companies, and the sectors moving fastest — in your inbox every Monday morning.
Free. Sent every Monday. Unsubscribe anytime.