Series C Funded Startups in Canada
Disclosed Series C rounds in this Canada-focused view span from $100K (Drop, 2022-03-07) up to $620M (1Password, 2022-01-19).
Disclosed Series C rounds in this Canada-focused view span from $100K (Drop, 2022-03-07) up to $620M (1Password, 2022-01-19). That $620M round dwarfs the next-largest disclosed amounts in the set (for example, Clearco at $215M on 2021-07-08 and Alpha9 Theranostics at $175M on 2024-10-23), creating a clear upper outlier rather than a tight distribution. The most recent dated entry is Novisto (2025-05-20, $27M), while the oldest dated entry shown is Jobber (2021-01-12, $60M), so rounds cover roughly 4.3 years.
City and sector patterns also stand out. Toronto appears repeatedly across multiple sectors (e.g., Tailscale $160M on 2025-04-08; Kepler Communications $92M on 2023-04-13; Deep Genomics $180M on 2021-07-28; KOHO Financial $40M on 2021-03-11), and Information Technology shows up multiple times (Novisto; Tailscale; 1Password). Date-wise, there is a dense cluster in 2024 (multiple Series C closings from 2024-04-03 through 2024-12-17), alongside a set of mid-2022 financings that frequently land around spring (e.g., Vention 2022-05-10 at $95M; OSF Digital 2022-04-13 at $100M).
Most recent rounds
38 shownRelated listings
Frequently asked
What’s the largest disclosed Series C round in this Canada list, and does it look like a statistical outlier?
The largest disclosed amount is 1Password’s $620M on 2022-01-19, and it is far above the next-largest disclosed rounds visible here, such as Clearco’s $215M (2021-07-08) and Alpha9 Theranostics’ $175M (2024-10-23). The range also includes very small disclosed rounds like Drop’s $100K (2022-03-07), reinforcing the presence of both high and low outliers.
Which sectors are most concentrated, and where do those concentration signals come from?
Information Technology appears in multiple entries (Novisto at $27M on 2025-05-20; Tailscale at $160M on 2025-04-08; 1Password at $620M on 2022-01-19). Artificial Intelligence (AI) is also repeatedly represented (e.g., Nanoprecise Sci Corp $38M on 2025-03-27; Blue J Legal and CorVista Health both undisclosed/at $65M on 2021-03-04; Deep Genomics $180M on 2021-07-28), indicating sector clustering rather than a single isolated theme.
Are there clear timing clusters in the most recent window shown (late 2024 into 2025)?
Yes. Several rounds close in 2024’s second half, including Alpha9 Theranostics at $175M (2024-10-23), Laserax at $46M (2024-10-23), and Solink at $60M (2024-08-15), followed by 2025 activity like Tailscale $160M (2025-04-08) and Novisto $27M (2025-05-20). The most recent dated round in this set is Novisto on 2025-05-20.
Do any cities dominate, and is Toronto the clearest geographic concentration in these Series C entries?
Toronto is the most consistently repeated city across the list, spanning multiple sectors and scales: Tailscale (2025-04-08, $160M), Kepler Communications (2023-04-13, $92M), Beekeeper’s Naturals (2023-06-15, $14M), Deep Genomics (2021-07-28, $180M), and KOHO Financial (2021-03-11, $40M). This makes Toronto the clearest geographic concentration compared with cities that appear only once (e.g., Edmonton with Nanoprecise Sci Corp at $38M on 2025-03-27).
How many entries are missing disclosed amounts, and are there any related patterns (e.g., disproportionately common in certain sectors)?
Undisclosed amounts appear in 4 of the 38 rows: Orennia (2025-01-21), Blue J Legal (2024-12-17), Vive Crop Protection (2024-05-23), and Mid-Day Squares (2022-04-06). These undisclosed entries span different sectors (Data and Analytics, AI, Agriculture and Farming, and Food and Beverage), so the missing disclosure pattern does not concentrate into a single vertical.
Which rounds look materially small compared to the rest of the disclosed distribution?
Drop’s $100K on 2022-03-07 is the smallest disclosed amount in the set, making it the low-end outlier relative to the next visible small-ish disclosed rounds such as MolecuLight at $9M on 2024-08-15 and Chickapea at $7M on 2021-04-13. Most other disclosed entries cluster well above the single-digit millions, including several at or above $40M (e.g., GHGSat $44M on 2023-09-07 and Solink $60M on 2023-07-25).
Know which startups just got funded. Every week.
Fresh funding rounds, new companies, and the sectors moving fastest — in your inbox every Monday morning.
Free. Sent every Monday. Unsubscribe anytime.