Funded Hardware Startups in Canada
Among the 50 most recent funded hardware rounds shown, the largest disclosed amount is Kardium’s $249M round (2025-07-02), which dwarfs every other disclos…
Among the 50 most recent funded hardware rounds shown, the largest disclosed amount is Kardium’s $249M round (2025-07-02), which dwarfs every other disclosed figure in the table; the next-highest disclosed rounds include Laserax’s $46M (2024-10-23) and Andorix’s $40M (2023-08-22). Concentration shows up in both time and geography: the list contains a dense late-spring window in May 2026, with multiple rounds dated 2026-05-11 through 2026-05-18 across cities including Vancouver (e.g., Photonic $70M on 2026-05-12) and Ottawa (Quantropi $1M on 2026-05-11, plus C-Com Satellite Systems $300K on 2025-07-08).
Stage/visibility is also skewed. “Series Unknown” appears in 33 of 50 rows, while “undisclosed” appears in 6 rows (e.g., Flexnetworks 2026-01-16; ZE PowerGroup 2024-07-09). The smallest disclosed round is Eagle Eyes Search’s $20K (2024-10-16), sitting far below the rest of the disclosed distribution. The round dates span 2023-05-18 (Stathera) through the most recent entry on 2026-06-11 (Cheelcare).
Most recent rounds
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Frequently asked
What stands out as the biggest disclosed round in this Canada hardware list, and how large is it relative to the rest?
Kardium’s $249M disclosed round (2025-07-02) is an outlier: no other disclosed amount in the table is anywhere near that level, with the next-highest disclosed amounts including Laserax’s $46M (2024-10-23) and Andorix’s $40M (2023-08-22).
Are there time clusters where many recent rounds land close together?
Yes. May 2026 is especially dense, including multiple rounds between 2026-05-11 and 2026-05-18 such as Photonic $70M (2026-05-12), Nord Quantique $30M (2026-05-18), and ARA Robotics $620K (2026-05-13).
Do certain cities or metro areas appear repeatedly among recent rounds?
British Columbia shows up more than once through Vancouver-based entries like Photonic ($70M on 2026-05-12) and Bonsai Micro ($450K on 2026-05-13), while Ottawa also repeats with Quantropi ($1M on 2025-05-11) and C-Com Satellite Systems ($300K on 2025-07-08). Quebec entries similarly recur (e.g., Nord Quantique in Sherbrooke on 2026-05-18 and Laserax in Quebec on 2024-10-23).
How does the stage mix look, based on the “Series Unknown” and “undisclosed” patterns?
Visibility is limited for a large share: “Series Unknown” appears in 33 of 50 rows (for example, Photonic $70M on 2026-05-12), and “undisclosed” appears in 6 rows (e.g., Flexnetworks on 2026-01-16 and ZE PowerGroup on 2024-07-09).
Which entries fall at the low end of disclosed funding, and are they extreme compared to the rest?
The smallest disclosed amount is Eagle Eyes Search at $20K (2024-10-16). Even nearby low disclosed figures such as Micromem Technologies’ $170K (2026-06-09) remain far above that minimum, indicating a long tail of smaller disclosed rounds.
What are the most recent dates in the table, and do they suggest a current funding window?
The most recent round shown is Cheelcare on 2026-06-11 ($2M), followed closely by Micromem Technologies on 2026-06-09 ($170K) and Nord Quantique on 2026-05-18 ($30M). That keeps the latest entries concentrated from mid-May through mid-June 2026.
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