Recently Funded Startups in Thunder Bay
Updated Sep 2026
FundedIQ tracks 10 funded startups in Thunder Bay, with their funding rounds, amounts, investors, industries, locations and company details. This page provides an overview of the startup funding landscape in Thunder Bay, along with the 10 most recently funded startups there.
Startups in Thunder Bay closed 10 funding rounds over the last 24 months, 5 of them in the last 12 months, and raised $17M in disclosed capital. The median disclosed round is $505K, with the middle half of rounds falling between $420K and $1.3M. Natural Resources, Biotechnology and Community and Lifestyle hold the most companies by sector.
Small teams dominate this region. Filtering by sub-sector reveals a mix of industrial tech and healthcare services that outweighs the expected focus on natural resources. These lean operations mean a direct line to decision makers. Focus on the specialized service providers to find the actual drivers of local growth.
Thunder Bay funded startup statistics
Most recent funding round on record: Jun 2026.
10 most recently funded startups in Thunder Bay
10 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.
Thunder Bay startup funding trends
Funding activity
Startups in Thunder Bay closed 10 funding rounds over the last 24 months, 5 of them in the last 12, adding up to $17M in disclosed capital.
Round sizes
The median disclosed round is $505K, with the middle half running from $420K to $1.3M. 10 of 10 rounds disclosed an amount.
Sectors
Natural Resources, Biotechnology and Community and Lifestyle hold the most companies, led by Natural Resources at 6. The most common headcount band across the segment is 1-10.
Industries with the most funded startups in Thunder Bay
Sector counts across all 10 tracked companies in Thunder Bay. A company assigned more than one industry is counted in each.
About the FundedIQ Thunder Bay startup funding data
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 10 funded startups in Thunder Bay currently tracked. Round counts, capital totals and the median round are computed over a trailing 24 months. Rounds whose amount was not disclosed (0 of 10 in that period) are counted as rounds but excluded from capital totals and from the median. The most recent round on record for funded startups in Thunder Bay is dated Jun 2026.
The table above shows the 10 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 startups are there in Thunder Bay?
FundedIQ tracks 10 funded startups in Thunder Bay. This page lists the 10 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 startups in Thunder Bay raised?
Startups in Thunder Bay tracked by FundedIQ have raised $17M in disclosed capital across 10 funding rounds over the last 24 months, including 5 rounds in the last 12 months. 10 of those 10 rounds disclosed an amount; undisclosed rounds are excluded from the capital total.
What industries have the most funded startups in Thunder Bay?
Natural Resources has the most, with 6 companies, followed by Biotechnology (1), Community and Lifestyle (1) and Education (1). Sector counts include every company assigned that industry, and a company can carry more than one.
What is a typical funding round size for startups in Thunder Bay?
The median disclosed round over the last 24 months is $505K, and the middle half of rounds fall between $420K and $1.3M. Round sizes vary widely by stage, so the seed and later-stage bands sit well either side of that figure.
How often is the Thunder Bay startup funding data 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 startups in Thunder Bay is dated Jun 2026. Counts and totals on this page are recomputed on every refresh.
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