Recently Funded Series B Startups in Canada
Updated Aug 2026
FundedIQ tracks 117 funded Series B startups in Canada, with their funding rounds, amounts, investors, industries, locations and company details. This page provides an overview of the Series B startup funding landscape in Canada, along with the 100 most recently funded Series B startups in Canada.
The median disclosed round is $25M, with the middle half of rounds falling between $14M and $50M. Artificial Intelligence, Financial Services and Data and Analytics hold the most companies by sector. Toronto and Vancouver hold the deepest concentrations of these companies. Series B startups in Canada closed 38 funding rounds over the last 24 months, 13 of them in the last 12 months, and raised $1.5B in disclosed capital.
These companies have scaled past initial prototypes into established operations. AI and Financial Services dominate the mix, with a heavy concentration in Toronto. Such firms possess the stability for enterprise contracts and the scale for significant vendor agreements. They represent mature targets for those seeking partners with proven product market fit across Canadian cities.
Series B funded startup statistics in Canada
Most recent funding round on record: Jun 2026.
100 most recently funded Series B startups in Canada
100 of 117Ordered 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.
17 more funded startups
This page shows the 100 most recent rounds (back to Nov 2021). The full 117-company history for this listing opens on a FundedIQ plan.
Unlock all 117 companies in this listing: full funding history, investors, and founders.
Series B startup funding trends in Canada
Funding activity
Series B startups in Canada closed 38 funding rounds over the last 24 months, 13 of them in the last 12, adding up to $1.5B in disclosed capital.
Round sizes
The median disclosed round is $25M, with the middle half running from $14M to $50M. 36 of 38 rounds disclosed an amount.
Sectors
Artificial Intelligence, Financial Services and Data and Analytics hold the most companies, led by Artificial Intelligence at 25. The most common headcount band across the segment is 51-100.
Industries with the most funded Series B startups in Canada
Sector counts across all 117 tracked companies in Canada. A company assigned more than one industry is counted in each.
Where are funded Series B startups located in Canada?
Where funded Series B startups in Canada are based, by the city on the company record.
Funded Series B startups in Canada by province
The provinces with the most funded startups on record.
About the FundedIQ Series B 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 117 funded Series B 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 (2 of 38 in that period) are counted as rounds but excluded from capital totals and from the median. The most recent round on record for funded Series B startups in Canada is dated Jun 2026.
The table above shows the 100 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 Series B startups are there in Canada?
FundedIQ tracks 117 funded Series B startups in Canada. This page lists the 100 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 Series B startups in Canada raised?
Series B startups in Canada tracked by FundedIQ have raised $1.5B in disclosed capital across 38 funding rounds over the last 24 months, including 13 rounds in the last 12 months. 36 of those 38 rounds disclosed an amount; undisclosed rounds are excluded from the capital total.
What industries have the most funded Series B startups in Canada?
Artificial Intelligence has the most, with 25 companies, followed by Financial Services (12), Data and Analytics (9) and Commerce and Shopping (8). Sector counts include every company assigned that industry, and a company can carry more than one.
Which cities have the most funded Series B startups in Canada?
Toronto leads with 47 companies, then Vancouver (22), Montréal (13) and Calgary (8).
What is a typical funding round size for Series B startups in Canada?
The median disclosed round over the last 24 months is $25M, and the middle half of rounds fall between $14M and $50M. Round sizes vary widely by stage, so the seed and later-stage bands sit well either side of that figure.
How often is the Series B 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 Series B startups in Canada is dated Jun 2026. Counts and totals on this page are recomputed on every refresh.
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