Recently Funded Hardware Startups in Toronto
Updated Aug 2026
There are 14 funded Hardware startups in Toronto in the FundedIQ database, each with its funding rounds, amounts, investors, industries, locations and company details. This page provides an overview of the Hardware startup funding landscape in Toronto, along with the 14 most recently funded Hardware startups in Toronto.
Hardware startups in Toronto closed 7 funding rounds over the last 24 months, 2 of them in the last 12 months, and raised $28M in disclosed capital. The median disclosed round is $740K, with the middle half of rounds falling between $305K and $4.4M.
Capital for Toronto hardware remains concentrated in early stages. Frequent appearances from OMERS Ventures and Golden Ventures indicate a preference for foundational risk. This lean funding profile means companies are often in a prototype phase. Sales teams can expect a high concentration of lean teams seeking initial scale rather than established corporate entities.
Hardware funded startup statistics in Toronto
Most recent funding round on record: Jun 2026.
14 most recently funded Hardware startups in Toronto
14 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 Toronto
Funding activity
Hardware startups in Toronto closed 7 funding rounds over the last 24 months, 2 of them in the last 12, adding up to $28M in disclosed capital.
Round sizes
The median disclosed round is $740K, with the middle half running from $305K to $4.4M. 6 of 7 rounds disclosed an amount.
Company size
The most common headcount band across the segment is 11-50.
About the FundedIQ Hardware startup funding data in Toronto
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 14 funded Hardware startups in Toronto currently tracked. Round counts, capital totals and the median round are computed over a trailing 24 months. Rounds whose amount was not disclosed (1 of 7 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 Toronto is dated Jun 2026.
The table above shows the 14 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 Toronto?
FundedIQ tracks 14 funded Hardware startups in Toronto. This page lists the 14 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 Toronto raised?
Hardware startups in Toronto tracked by FundedIQ have raised $28M in disclosed capital across 7 funding rounds over the last 24 months, including 2 rounds in the last 12 months. 6 of those 7 rounds disclosed an amount; undisclosed rounds are excluded from the capital total.
What is a typical funding round size for Hardware startups in Toronto?
The median disclosed round over the last 24 months is $740K, and the middle half of rounds fall between $305K and $4.4M. Round sizes vary widely by stage, so the seed and later-stage bands sit well either side of that figure.
How often is the Hardware startup funding data in Toronto 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 Toronto is dated Jun 2026. Counts and totals on this page are recomputed on every refresh.
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