Funded Data and Analytics Startups in Canada
Among the 50 most recent Canada data-and-analytics rounds shown, one disclosed outlier dominates size: Relay’s $50M on 2026-05-19, followed by large but mu…
Among the 50 most recent Canada data-and-analytics rounds shown, one disclosed outlier dominates size: Relay’s $50M on 2026-05-19, followed by large but much smaller disclosed rounds such as Quarterhill Inc.’s $60M (2026-05-12) and Xanadu’s $300M (2026-05-01). In fact, Xanadu’s $300M (2026-05-01) dwarfs the rest of the disclosed amounts in this view, with the next-largest disclosed round at $100K? (No: the next disclosed after $300M includes $60M, $50M, and $25M—so the gap is substantial even without a precise multiplier.) Geographically, Toronto appears repeatedly (e.g., Metrix Group 2026-06-16, Relay 2026-05-19, Quarterhill Inc. 2026-05-12, Xanadu 2026-05-01, and Vidyard 2024-04-15), while British Columbia also clusters with multiple entries (e.g., AGEDB Technology 2026-05-20, Ibero Mining 2026-04-17, CRWN.ai 2026-04-16, and aterio 2024-02-27). Temporally, the list spans from 2023-09-20 (Deskree) up to the most recent round dated 2026-06-16 (Metrix Group), and the newest activity is concentrated in mid-to-late 2026 (June to May entries). Stage disclosure is uneven: 14 of 50 rows are “undisclosed” and 34 of 50 are “Series Unknown,” leaving a smaller set with explicit stages such as Series B (e.g., Mappedin 2026-04-07 $25M; Brickeye 2026-01-20 $10M) and Seed (e.g., Cinareo 2025-01-23 $1M; Deskree 2023-09-20 $2M).
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Frequently asked
What’s the biggest disclosed round in this Canada data-and-analytics set, and how separated is it from the rest?
Xanadu’s $300M round on 2026-05-01 is the largest disclosed amount in the 50-row view, with the next disclosed figures far lower (e.g., Quarterhill Inc. $60M on 2026-05-12 and Relay $50M on 2026-05-19). That concentration makes Xanadu a clear size outlier relative to other disclosed rounds such as $25M (Mappedin, 2026-04-07) and $30M (Motion, 2024-09-19).
Do certain cities dominate the list, indicating a geographic cluster rather than a flat spread?
Toronto is the most repeated metro in this view, appearing across multiple dated rounds like Metrix Group (2026-06-16, undisclosed), Relay (2026-05-19, $50M), Quarterhill Inc. (2026-05-12, $60M), Xanadu (2026-05-01, $300M), and Vidyard (2024-04-15, $15M). British Columbia also shows clustering with multiple entries such as AGEDB Technology (2026-05-20, $100K), Ibero Mining (2026-04-17, $370K), CRWN.ai (2026-04-16, undisclosed), and aterio (2024-02-27, $150K).
Is recent activity concentrated in a narrow time window within the 50 most recent rounds?
Yes: the top of the table runs from June 2026 back through May 2026, including Metrix Group on 2026-06-16 (undisclosed) and several May closings like Relay (2026-05-19, $50M) and Xanadu (2026-05-01, $300M). The oldest entry shown is Deskree on 2023-09-20 ($2M), so the view spans roughly 2.75 years but with the newest volume concentrated in mid-to-late 2026.
What stage classifications appear most often, and how much is actually specified versus missing?
Stage information is sparse: 34 of 50 rows are labeled “Series Unknown,” and 14 of 50 are “undisclosed,” meaning explicit stage designations appear in only a small subset. Among specified stages, Series B shows up multiple times (Mappedin $25M on 2026-04-07; Brickeye $10M on 2026-01-20; Fable $25M on 2024-10-16), while Seed entries include Cinareo $1M (2025-01-23), MyFO $3M (2024-10-18), and Deskree $2M (2023-09-20).
Are there unusually small disclosed rounds that stand out against the broader disclosed range?
The smallest disclosed amount in the view is AbbaTek Group’s $10K on 2026-05-02, which is far below other disclosed rounds including Exonetik’s $740K (2024-04-05), Global Compliance Applications’ $80K (2023-12-19), and AGEDB Technology’s $100K (2026-05-20). This makes $10K an extreme low-end outlier among disclosed amounts.
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