Funded Education Startups in Canada
Disclosed round sizes show a clear outlier: Top Hat’s $130M Series E on 2021-02-04 is the only disclosed deal in the $100M+ range, dwarfing the next-larges…
Disclosed round sizes show a clear outlier: Top Hat’s $130M Series E on 2021-02-04 is the only disclosed deal in the $100M+ range, dwarfing the next-largest disclosed amounts (e.g., PolicyMe’s $22M on 2025-04-16 and QuadFi’s $20M on 2023-09-05). At the other end, the smallest disclosed amount in the 47 rows is $10K (LYP Program on 2024-10-02; Pembina Institute also shows $10K on 2023-11-20), while several other smaller disclosed rounds cluster around $20K–$70K.
Geographically, the list is Toronto-heavy: many entries are headquartered in Toronto, Ontario, with additional concentrations in Vancouver, British Columbia (e.g., Course Studio 2020-10-01, Wize 2021-01-28, CityHive 2023-11-20) and Quebec broadly (e.g., Poka 2021-06-07 with $25M; Moozoom 2022-08-17 with $4M). Temporally, rounds span 2020-08-20 (Synapse) through 2025-08-26 (NORCAT). Stage-wise, “Series Unknown” dominates the visible labels, and “undisclosed” appears alongside it (five rows show “undisclosed”: Black Boys Code 2025-02-25, Cloud Company 2024-06-28, CityHive 2023-11-20, Southeast Community Foundation 2023-05-23, and EMPOWER International Students 2023-05-01), making disclosed-size comparisons uneven across the time window.
Most recent rounds
47 shownRelated listings
Frequently asked
What stands out in disclosed round sizes for education startups in Canada?
Top Hat’s $130M Series E (2021-02-04) is the only disclosed round above $100M, significantly larger than the next-largest disclosed amounts such as PolicyMe’s $22M (2025-04-16) and QuadFi’s $20M (2023-09-05). On the low end, the smallest disclosed amount is $10K (LYP Program on 2024-10-02; also Pembina Institute on 2023-11-20).
Do the list entries cluster in a narrow time window or are they spread out?
The displayed rounds are spread across a multi-year range, from Synapse on 2020-08-20 through NORCAT on 2025-08-26. The most recent side is led by NORCAT ($720K, 2025-08-26) and ThreeD Capital ($500K, 2025-08-01), but no single month shows a tight concentration of only large deals.
Which cities show up disproportionately among these funded education companies?
Toronto, Ontario appears repeatedly, including NORCAT (2025-08-26, $720K), PolicyMe (2025-04-16, $22M), Canadian Urban Institute (2024-12-11, $1M), and Top Hat (2021-02-04, $130M). Vancouver, British Columbia also shows multiple entries such as CityHive (2023-11-20, undisclosed) and Wize (2021-01-28, $3M), while Quebec-related listings include Poka ($25M, 2021-06-07) and Moozoom ($4M, 2022-08-17).
How does the stage labeling look, and how should undisclosed amounts be handled analytically?
“Series Unknown” is the most common disclosed stage label in the visible rows, and “undisclosed” appears in five entries: Black Boys Code (2025-02-25), Cloud Company (2024-06-28), CityHive (2023-11-20), Southeast Community Foundation (2023-05-23), and EMPOWER International Students (2023-05-01). Because those deals lack disclosed amounts, size-based comparisons should rely on the remaining disclosed rounds.
Are there notable outliers beyond the largest disclosed check?
Yes: at the high end, Top Hat ($130M, 2021-02-04) is the dominant outlier, while several very small disclosed rounds sit near the floor (e.g., Best Buddies of Canada at $20K on 2024-05-29; LYP Program at $10K on 2024-10-02; Pembina Institute at $10K on 2023-11-20). In between, many deals cluster in the low millions, such as NPower Canada at $3M (2024-10-16) and First Nations Technology Council at $2M (2023-06-01).
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