Funded Startups in Toronto
The disclosed round sizes in Toronto are dominated by a single outlier: Hut 8 Corp.
The disclosed round sizes in Toronto are dominated by a single outlier: Hut 8 Corp. raised $4.3B on 2026-06-04, which dwarfs the next-largest disclosed amounts like Almonty’s $700M (2026-06-05) and Generation Mining’s $310M (2026-06-17). Outside that top tier, the list shows a broader spread down to small disclosed checks such as Micromem Technologies at $170K (2026-06-09).
Entries cluster tightly in time. The 50 most recent rounds run from 2026-05-22 (Brompton Group, $25M) to 2026-06-30 (PowerBank, $4M), and the underwriting picture skews toward “Series Unknown” and “undisclosed”: 38 of 50 rows list Series Unknown, while 4 rows are explicitly undisclosed. Sector-wise, Natural Resources appears in 3+ entries (e.g., NexGold $7M on 2026-06-29; Generation Mining $310M on 2026-06-17; Almonty $700M on 2026-06-05), while AI is repeatedly represented via Ionik ($100M, 2026-06-23), Beacon Software ($225M, 2026-06-09), Tenet (2026-06-09, $2M), and the-hyve (2026-06-01, undisclosed).
Most recent rounds
50 of 849799 more funded startups
This page shows the 50 most recent rounds (back to May 2026). The full 849-company history for this listing is available on a paid plan.
Unlock all 849 companies in this listing — full funding history, investors, and founders.
Related listings
Frequently asked
Which Toronto rounds are the size outliers, and how separated are they from the rest of the disclosed amounts?
Hut 8 Corp.’s $4.3B on 2026-06-04 is the clear outlier; the next-largest disclosed rounds are far smaller, including Almonty at $700M (2026-06-05) and Generation Mining at $310M (2026-06-17). Many other disclosed rounds sit well below the $100M–$200M band, such as Tulong Tech’s $390K (2026-06-25) and Micromem Technologies’ $170K (2026-06-09).
Do these Toronto financings cluster into a narrow date window within the listing?
Yes. The 50 most recent entries span 2026-05-22 through 2026-06-30, with the latest round on 2026-06-30 (PowerBank, $4M). Most rounds are concentrated in late June (e.g., Float Financial $60M on 2026-06-24; KOHO Financial $93M on 2026-06-10; Beacon Software $225M on 2026-06-09).
How often are the deal stages unspecified, and does that affect which rounds are easiest to benchmark?
Stage disclosure is uneven: 38 of 50 rows are labeled “Series Unknown,” and 4 are explicitly “undisclosed” in the amount field (e.g., Metrix Group on 2026-06-16; NOA Lithium Brines on 2026-06-16; the-hyve on 2026-06-01; Retarget.gg on 2026-06-03). That means ratio comparisons by stage are limited to the subset with explicit amounts and/or named stages, like Float Financial (Series C, $60M on 2026-06-24) and KOHO Financial (Series E, $93M on 2026-06-10).
Are there sector concentrations that repeat across multiple entries?
Natural Resources shows up repeatedly across widely different check sizes, including NexGold ($7M on 2026-06-29), Generation Mining ($310M on 2026-06-17), and Almonty ($700M on 2026-06-05). AI is also recurrent, with disclosed rounds including Ionik ($100M on 2026-06-23), Beacon Software ($225M on 2026-06-09), Tenet ($2M on 2026-06-09), and an AI-branded pre-seed at the-hyve (undisclosed on 2026-06-01).
Which recent-90-day entries would be most actionable for near-term outreach, based on disclosed amounts?
Using the listing’s latest date (2026-06-30), disclosed rounds inside roughly the most recent 90 days include PowerBank $4M (2026-06-30), NexGold $7M (2026-06-29), Creative Destruction Lab (CDL) $11M (2026-06-26), Medicenna Therapeutics $4M (2026-06-26), and Float Financial $60M (2026-06-24). Larger disclosed checkpoints in that window include Ionik $100M (2026-06-23) and KOHO Financial $93M (2026-06-10).
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.