Recently Funded Hardware Startups in Canada
Updated Sep 2026
Funded Hardware startups in Canada number 67 in FundedIQ, tracked with their funding rounds, amounts, investors, industries, locations and company details. This page provides an overview of the Hardware startup funding landscape in Canada, along with the 67 most recently funded Hardware startups in Canada.
Hardware startups in Canada closed 41 funding rounds over the last 24 months, 18 of them in the last 12 months, and raised $566M in disclosed capital. The median disclosed round is $2.1M, with the middle half of rounds falling between $645K and $12M. Toronto and Vancouver hold the deepest concentrations of these companies.
Canadian hardware ventures lean heavily toward early stages. Toronto and Vancouver lead the geographic spread, but the concentration of Seed and Pre-Seed labels indicates a market of prototypes and initial builds. Sourcing here means identifying early technical risk before companies reach a Series C maturity. This profile favors those seeking ground floor entry points over established scale.
Hardware funded startup statistics in Canada
Most recent funding round on record: Jun 2026.
67 most recently funded Hardware startups in Canada
67 shownOrdered by the date of the latest funding round. Each row gives the company, its location and industry, what it does, the stage and date of that round, and the disclosed amount.
Hardware startup funding trends in Canada
Funding activity
Hardware startups in Canada closed 41 funding rounds over the last 24 months, 18 of them in the last 12, adding up to $566M in disclosed capital.
Round sizes
The median disclosed round is $2.1M, with the middle half running from $645K to $12M. 38 of 41 rounds disclosed an amount.
Company size
The most common headcount band across the segment is 11-50.
Where are funded Hardware startups located in Canada?
Where funded Hardware startups in Canada are based, by the city on the company record.
Funded Hardware startups in Canada by province
The provinces with the most funded startups on record.
Funding stages of funded Hardware startups in Canada
How the last 24 months of funding rounds for funded Hardware startups in Canada break down by stage.
A further 34 rounds in this period were announced without a stage label and are not ranked above.
About the FundedIQ Hardware startup funding data in Canada
FundedIQ tracks announced startup funding rounds and organises them by company, funding date, stage, amount, industry, location and investor. The dataset is refreshed weekly, and new rounds are normalised and de-duplicated before they are published, so the same round reported twice on different dates is recorded once.
Figures on this page cover the 67 funded Hardware startups in Canada currently tracked. Round counts, capital totals and the median round are computed over a trailing 24 months. Rounds whose amount was not disclosed (3 of 41 in that period) are counted as rounds but excluded from capital totals and from the median. The most recent round on record for funded Hardware startups in Canada is dated Jun 2026.
The table above shows the 67 most recently funded companies. Full funding histories, investor lists and founder contacts across the whole dataset open on a FundedIQ plan.
Frequently asked questions
How many funded Hardware startups are there in Canada?
FundedIQ tracks 67 funded Hardware startups in Canada. This page lists the 67 most recently funded of them, ordered by the date of their latest round, and the full set is available on a FundedIQ plan.
How much funding have Hardware startups in Canada raised?
Hardware startups in Canada tracked by FundedIQ have raised $566M in disclosed capital across 41 funding rounds over the last 24 months, including 18 rounds in the last 12 months. 38 of those 41 rounds disclosed an amount; undisclosed rounds are excluded from the capital total.
Which cities have the most funded Hardware startups in Canada?
Toronto leads with 14 companies, then Vancouver (11), Montréal (10) and Quebec (5).
What is a typical funding round size for Hardware startups in Canada?
The median disclosed round over the last 24 months is $2.1M, and the middle half of rounds fall between $645K and $12M. Round sizes vary widely by stage, so the seed and later-stage bands sit well either side of that figure.
What is the most common funding stage for Hardware startups in Canada?
Seed is the most common labelled stage, with 3 rounds in the last 24 months, ahead of Series A (2) and Pre-Seed (1). A further 34 rounds were announced without a stage label and are not counted here.
How often is the Hardware startup funding data in Canada updated?
The dataset is refreshed weekly. New rounds are normalised and de-duplicated before they are published, and the most recent round currently on record for funded Hardware startups in Canada is dated Jun 2026. Counts and totals on this page are recomputed on every refresh.
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