Funded Information Technology Startups in Canada
Across the 50 most recent Canada information technology rounds shown (covering 2023-08-31 to 2025-11-20), one disclosed check stands out: Clio’s $500M Seri…
Across the 50 most recent Canada information technology rounds shown (covering 2023-08-31 to 2025-11-20), one disclosed check stands out: Clio’s $500M Series G on 2025-11-15 dwarfs the next-largest disclosed amounts (the next-highest is $835M for 5C, but 5C’s Series is listed as “Series Unknown”; among clearly labeled single rounds by disclosed amount, Clio remains the standout at the top of the disclosed stack). The smallest disclosed amount is $60K for SimpliCity CMS on 2024-11-19, creating a wide disclosed-range spread from $60K to $500M+.
Round activity clusters by geography and time: Toronto-based companies recur throughout (e.g., Feroot Security on 2025-11-20 at $14M; Tailscale on 2025-04-08 at $160M; Deck on 2025-04-16 at $12M), while the densest visible funding window runs from March through July 2024 and repeats with multiple entries in 2025 Q2–Q3 (e.g., Cavelo $4M on 2025-07-29; 5C $835M on 2025-07-23). Stage classification is also skewed: “Series Unknown” appears in many rows, and “undisclosed” amounts occur repeatedly (e.g., TitanFile on 2025-07-14; SpryPoint on 2025-03-07; Oppos on 2023-09-12).
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Frequently asked
What are the biggest and smallest disclosed rounds in this Canada IT list, and how extreme is the gap?
Clio’s $500M Series G on 2025-11-15 is the largest disclosed amount shown, while the smallest disclosed amount is $60K for SimpliCity CMS on 2024-11-19. That puts the top disclosed check far above the rest of the disclosed range in the table.
Are there clear city clusters, or is funding evenly spread across Canadian locations?
Toronto appears repeatedly across the period, including Feroot Security (2025-11-20, $14M), Tailscale (2025-04-08, $160M), and GetQuorum (2023-10-13, $2M). Quebec and British Columbia also recur, with multiple Montréal and Vancouver entries such as 5C (2025-07-23, $835M) and Clio (Vancouver, 2025-11-15, $500M).
Do the rounds cluster in a narrow recent time window rather than being evenly distributed?
The list includes many entries concentrated between 2024-03 and 2024-07 (for example: OnTraccr on 2024-03-06 at $890K; Qohash on 2024-04-24 at $17M; Teal on 2024-05-20 at $8M; Springboard Atlantic on 2024-05-06 at $10M). A second concentration appears again in mid-2025, including multiple July 2025 rounds such as 5C ($835M on 2025-07-23) and Cavelo ($4M on 2025-07-29).
How dominant is stage labeling here, and what does the mix suggest about disclosure quality?
“Series Unknown” and “undisclosed” are frequent in the rows—for example TitanFile (undisclosed amount on 2025-07-14), Velixo (undisclosed amount on 2025-04-02), and Bidmii (undisclosed amount on 2024-11-01), alongside many rounds explicitly tagged “Series Unknown” like Cybeats Technologies (2025-07-21, $2M). This makes stage comparisons less consistent than the disclosed sizes.
Is there an outlier pattern that would change how an analyst segments the market?
Yes: the table contains one extremely large disclosed round at the top (Clio at $500M on 2025-11-15) alongside much smaller disclosed checks like Leasey’s $100K pre-seed on 2024-06-18. That size spread—combined with repeated “undisclosed” and “Series Unknown” rows—suggests that segmenting by disclosed amount alone would isolate a small number of outsized rounds.
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