Funded Startups in Waterloo
The largest disclosed round in this Waterloo-focused slice is Magnet Forensics’ $74M post-IPO secondary on 2021-12-07; it stands out against the next-large…
The largest disclosed round in this Waterloo-focused slice is Magnet Forensics’ $74M post-IPO secondary on 2021-12-07; it stands out against the next-largest disclosed amounts nearby in the table, such as Convictional’s $35M (2022-02-17) and Axelar’s $30M (2025-03-11). By contrast, the smallest disclosed amount shown is $100K for Maerospace (pre-Seed) on 2022-08-11, creating a wide funding-size spread.
The date range runs from 2020-09-16 (ApplyBoard) to the most recent entry on 2026-05-14 (MMSENSE Technologies), and the list clusters heavily around Waterloo, Ontario: 40 of 46 rows name Waterloo, Ontario, with a small set of same-city-name variants (e.g., Waterloo, New York for Moziac; Waterloo, Iowa for Ka Imaging) and one international location (Waterloo, Caroni, Trinidad and Tobago for enVgo). Sector-wise, Artificial Intelligence appears most often (AI is listed for 9 companies), while “Series Unknown” is common (24 rows) alongside multiple “undisclosed” amounts (14 rows).
Most recent rounds
46 shownRelated listings
Frequently asked
What funding-size outliers show up in these Waterloo entries?
Magnet Forensics’ $74M post-IPO secondary (2021-12-07) is the clear top disclosed amount in the table, while Maerospace’s $100K pre-Seed (2022-08-11) is the smallest disclosed amount shown. Several high rounds sit well below the $74M peak, including Convictional at $35M (2022-02-17) and Axelar at $30M (2025-03-11).
Is the activity concentrated in a narrow time window, or evenly spread from 2020 to 2026?
The rounds span 2020-09-16 (ApplyBoard, undisclosed series, $70M) through 2026-05-14 (MMSENSE Technologies, undisclosed series, undisclosed amount), indicating a long run rather than a short burst. The most recent 90 days are represented by entries like QuantumCore ($1M on 2026-04-23) and Mappedin ($25M on 2026-04-07).
Which geography pattern dominates, and how often do “Waterloo” variants appear?
Waterloo, Ontario accounts for 40 of 46 rows, but there are notable exceptions that break the “just Ontario” assumption: Moziac is listed in Waterloo, New York ($2M on 2023-02-15), Ka Imaging in Waterloo, Iowa (undisclosed on 2022-11-02), and enVgo in Waterloo, Caroni, Trinidad and Tobago ($2M on 2025-06-10).
Does any sector over-represent itself relative to others in this list?
Artificial Intelligence is the most frequent sector, appearing for 9 companies (for example Mappedin $25M on 2026-04-07; Springdel $5M on 2024-01-14; DarwinAI $6M on 2022-12-22). Other sectors are present but do not appear with the same repeated frequency in the rows shown.
How much of the dataset is hard to compare because of missing series or undisclosed amounts?
Series-level detail is frequently missing: 24 rows are labeled “Series Unknown.” In parallel, 14 rows show “undisclosed” amounts (e.g., MMSENSE Technologies on 2026-05-14 and Applied Brain Research on 2026-01-12), which limits cross-company comparisons even when round dates and locations are available.
What stage mix shows up most clearly among disclosed rounds?
Among explicitly labeled stages with disclosed amounts, later-stage categories and larger checks do appear alongside early rounds—for instance Convictional is Series B at $35M (2022-02-17), Mappedin is Series B at $25M (2026-04-07), and Magnet Forensics is Post-IPO Secondary at $74M (2021-12-07). Early-stage disclosures are also common, such as LoopX Seed at $820K (2024-10-01) and Nucleus Pre-Seed at $1M (2025-03-24).
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