Funded Government and Military Startups in Canada
The disclosed round sizes in this Canada government and military list cluster tightly in the sub-$1M to $4M range, with one clear outlier: Magnet Forensics…
The disclosed round sizes in this Canada government and military list cluster tightly in the sub-$1M to $4M range, with one clear outlier: Magnet Forensics’ $74M post-IPO secondary on 2021-12-07 dwarfs the rest of the disclosed amounts (the next-largest disclosed figure is $20M for Makivik on 2023-11-01). Dates in the 10-row window also show a short concentration: five entries (Cheam First Nation $670K on 2023-05-24; Katzie First Nation $680K on 2023-05-24; Skawahlook First Nation $230K on 2023-05-24; plus Kativik Regional Government $4M on 2023-08-03 and Heiltsuk Tribal Council $200K on 2023-09-12) fall between 2023-05-24 and 2023-09-12, while the earliest disclosed round shown is Field Safe Solutions’ $2M debt financing on 2021-12-02. Geographically, British Columbia appears repeatedly (Heiltsuk Tribal Council; Katzie First Nation; Skawahlook First Nation; Mission Ready Solutions), and 9 of 10 rows are labeled “Series Unknown” (only Patriot One Technologies and Magnet Forensics are disclosed as post-IPO events).
Most recent rounds
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Frequently asked
Which disclosed round is largest in this Canada government and military set, and how extreme is it versus the rest?
Magnet Forensics’ $74M post-IPO secondary on 2021-12-07 is the largest disclosed amount shown, and it significantly exceeds the next-largest disclosed round: Makivik’s $20M on 2023-11-01. Most other disclosed rounds sit well below $10M, including Kativik Regional Government’s $4M (2023-08-03) and Field Safe Solutions’ $2M (2021-12-02).
Do the most recent rounds cluster into a narrow date window?
Yes. Three entries close on the same day, 2023-05-24: Cheam First Nation ($670K), Katzie First Nation ($680K), and Skawahlook First Nation ($230K). More broadly, five of the 10 rows fall between 2023-05-24 and 2023-09-12 (those three same-day rounds plus Kativik Regional Government $4M on 2023-08-03 and Heiltsuk Tribal Council $200K on 2023-09-12).
Which cities/provinces are most over-represented across the 10 rows?
British Columbia repeats across multiple organizations and dates: Heiltsuk Tribal Council (Bella Bella, 2023-09-12), Katzie First Nation (Pitt Meadows, 2023-05-24), Skawahlook First Nation (Agassiz, 2023-05-24), and Mission Ready Solutions (Vancouver, $2M on 2022-11-14). Alberta also appears more than once (Cheam First Nation in Rosedale, 2023-05-24; Field Safe Solutions in Calgary, $2M on 2021-12-02).
What does the “Series Unknown” labeling imply about stage disclosure in this segment?
Nine of 10 rows are labeled “Series Unknown” (Makivik; Heiltsuk Tribal Council; Kativik Regional Government; Cheam First Nation; Katzie First Nation; Skawahlook First Nation; Mission Ready Solutions; Field Safe Solutions). The only non–Series Unknown classifications shown are Patriot One Technologies’ Post-IPO Equity ($10M on 2022-03-10) and Magnet Forensics’ Post-IPO Secondary ($74M on 2021-12-07).
Which entries are closest to the most recent date in the table?
The most recent row date is 2023-11-01 (Makivik, $20K). Within the next-latest set of entries after that, Heiltsuk Tribal Council on 2023-09-12 ($200K) and Kativik Regional Government on 2023-08-03 ($4M) provide the nearest prior data points in this 10-row view.
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