# Where Startups in Canada Are Based: 2026 Map of 2,948 Companies

> Map of where 2,948 funded startups in Canada are based, city by city: Toronto, Vancouver and Montreal lead. $79B raised between them.

Source: https://millionrounds.com/geo-maps/where-canada-startups-are-based (Millionrounds; every figure on the page links to its filing or article)

Each circle is a city, sized by how many startups are based there.

## Leading cities

- Toronto 622 $27B
- Vancouver 358 $6.6B
- Montreal 221 $5.0B
- Calgary 148 $3.3B
- Ottawa 70 $1.2B
- Montréal 65 $2.5B
- Halifax 63 $466M
- Edmonton 50 $330M
- Kitchener 45 $1.0B
- Mississauga 40 $732M
- Waterloo 34 $1.8B
- Victoria 26 $422M
- Winnipeg 18 $469M
- Fredericton 17 $1.1B
- Burnaby 17 $355M

## By state or region

- Ontario 937 $34B
- British Columbia 461 $8.9B
- Quebec 398 $9.2B
- Alberta 203 $3.6B
- Nova Scotia 86 $631M
- New Brunswick 36 $1.2B
- Saskatchewan 24 $1.2B
- Manitoba 18 $469M
- Newfoundland and Labrador 15 $598M
- Prince Edward Island 7 $20M
- Yukon 1 $16M
- Northwest Territories 1 $475K

## Best-funded

- [**Cohere** Canada · $5.6B](https://millionrounds.com/company/cohere)
- [**Hut 8 Corp.** Canada · $4.3B](https://millionrounds.com/company/hut-8-corp)
- [**Aypa Power** Canada · $2.0B](https://millionrounds.com/company/aypa-power)
- [**Clio** Canada · $1.7B](https://millionrounds.com/company/clio)
- [**Terrion** Canada · $1.3B](https://millionrounds.com/company/terrion)
- [**Wealthsimple** Canada · $1.2B](https://millionrounds.com/company/wealthsimple)
- [**Picketa Systems** Canada · $1.1B](https://millionrounds.com/company/picketa-systems)
- [**BlackBerry** Canada · $1.0B](https://millionrounds.com/company/blackberry)
- [**Waabi** Canada · $1.0B](https://millionrounds.com/company/waabi)
- [**Nutrien** Canada · $1.0B](https://millionrounds.com/company/nutrien)
- [**5C Group** Canada · $835M](https://millionrounds.com/company/5c-group)
- [**5C** Canada · $835M](https://millionrounds.com/company/5c)

**How this map is made.** Every startup here has raised money in rounds we track. Each is placed at the city we hold for it, matched to that city's position in GeoNames (cities of 15,000 people or more; geonames.org, CC BY 4.0); startups without a city on record count in the totals but not on the map. Rebuilt nightly; updated 15 November 2026.

## More geo maps

[All geo maps](https://millionrounds.com/geo-maps)

[Country **Where startups in the United States are based** 42,120 startups](https://millionrounds.com/geo-maps/where-united-states-startups-are-based)[Country **Where startups in the United Kingdom are based** 8,346 startups](https://millionrounds.com/geo-maps/where-united-kingdom-startups-are-based)[Country **Where startups in France are based** 3,022 startups](https://millionrounds.com/geo-maps/where-france-startups-are-based)[Country **Where startups in China are based** 2,167 startups](https://millionrounds.com/geo-maps/where-china-startups-are-based)[Country **Where startups in India are based** 2,117 startups](https://millionrounds.com/geo-maps/where-india-startups-are-based)[Country **Where startups in Germany are based** 2,001 startups](https://millionrounds.com/geo-maps/where-germany-startups-are-based)

## Raising where these startups are?

Find the investors who back startups in these cities, with their cheques, rounds and partners, in the app with filters, lists and exports.

[Find investors](https://millionrounds.com/login?join=1&next=/app/investors)[Market maps](https://millionrounds.com/market-maps)