Funded Software Startups in Canada
Disclosed round sizes in this Canada software list cluster mostly between hundreds of thousands and low double-digit millions, but one disclosed outlier st…
Disclosed round sizes in this Canada software list cluster mostly between hundreds of thousands and low double-digit millions, but one disclosed outlier stands out: iLobby raised $100M on 2021-01-05, far above the next-largest disclosed amount of $45M (InnovMetric Software, 2024-06-13) and the rest of the disclosed rounds (e.g., TeamLinkt at $6M on 2025-08-06; Cadstrom at $7M on 2024-12-23). Date coverage spans 2020-06-09 (ICwhatUC) through 2025-08-11 (Offstreet Technology), with the most recent wave concentrated in 2024-2025.
Geographically, Toronto is repeatedly represented across multiple entries (e.g., Joyride $5M on 2024-03-12; Openscreen $5M on 2022-02-02; iLobby $100M on 2021-01-05), while Quebec and British Columbia also recur (e.g., Cadstrom in Montréal; InnovMetric Software in “Quebec”; designstripe in Montréal at $10M on 2022-06-23). Stage labeling is mixed: several rounds are marked Series Unknown or undisclosed (e.g., ReadyWhen on 2025-04-15 is undisclosed; Pluribus Technologies on 2024-10-19 is undisclosed), alongside identifiable Seed and Pre-Seed activity such as Voltra’s $2M pre-seed on 2025-05-14.
Most recent rounds
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Frequently asked
What’s the largest disclosed round in this Canadian software set, and is it meaningfully larger than the rest?
The largest disclosed amount is iLobby’s $100M (2021-01-05). It dwarfs the next-largest disclosed round at $45M (InnovMetric Software, 2024-06-13), with other disclosed entries staying much lower (e.g., Cadstrom $7M on 2024-12-23; TeamLinkt $6M on 2025-08-06).
Are there concentrated bursts by date in the most recent entries (2024–2025)?
Yes. Multiple funded rounds fall within a tight 2024–2025 window, including InnovMetric Software ($45M, 2024-06-13), Cadstrom ($7M, 2024-12-23), and TeamLinkt ($6M, 2025-08-06), plus a 2025 cluster that includes Offstreet Technology ($220K, 2025-08-11) and Voltra ($2M, 2025-05-14).
Which cities appear most often, and how does that compare with the rest of the geography shown?
Toronto is the clear repeat location across years (e.g., Joyride $5M on 2024-03-12; Barley $4M on 2023-03-08; Openscreen $5M on 2022-02-02; iLobby $100M on 2021-01-05). Other cities appear multiple times but less consistently, such as Montréal (Cadstrom 2024-12-23 $7M; Sibli 2024-02-13 $5M; designstripe 2022-06-23 $10M).
How dominant are early stages versus later or special categories in the labeled rounds?
Early-stage signals are frequent: Seed and Pre-Seed entries include Cadstrom as Seed ($7M, 2024-12-23), Aucctus as Seed ($2M, 2024-09-16), and Voltra as Pre-Seed ($2M, 2025-05-14). Later/special labels show up less often, such as iLobby’s Venture - Series Unknown ($100M, 2021-01-05) and Eddy Solutions’ Post-IPO Debt ($2M, 2022-10-17).
Are there amount-reporting gaps (undisclosed/unknown) that affect how cleanly rounds can be compared?
Yes. Several rounds list “undisclosed” or “Series Unknown,” including ReadyWhen (undisclosed on 2025-04-15) and Pluribus Technologies (undisclosed on 2024-10-19). This matters because the strongest size comparisons rely on disclosed amounts like iLobby’s $100M (2021-01-05) versus the next disclosed $45M (InnovMetric Software, 2024-06-13).
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