Monthly roundup · Canada · September 2026
Monthly roundup · Canada · September 2026Startup funding in Canada, September 2026: telMAX's $215M Growth leads 21 rounds
We read 21 equity rounds raised in Canada and announced in September 2026, raising $575M between them: 6% of the rounds we read worldwide that month and 1% of the money. The largest was telMAX's $215M Growth, led by Hamilton Lane. The median seed round was $4.0M, against $5.5M over the last twelve months worldwide; at Series A it was $12M.
Equity rounds21raised in Canada, 19 with an amount
Raised$575Macross those rounds
Lead named90%of rounds say who led
Share of the world6%of rounds; 1% of the money
The biggest rounds
- 1
telMAXGrowth · led by Hamilton Lane$215M - 2
BiossilSeries B · led by OpenAI Startup Fund$153M - 3
Kanin EnergyGrowth · led by S2G Investments, Canada Growth Fund$100M - 4
Altis LabsSeries A · led by OrbiMed, Qiming Venture Partners USA$25M - 5BBird&BeSeries A · led by Boulder Food Group, BDC Thrive Fund$13M
- 6AAxyaSeries A · led by McRock Capital$12M
- 7
AstrusSeries A · led by Caffeinated Capital$12M - 8UUltimariiSeries A · led by BDC Capital, Mistral$9.4M
- 9SSweet TechnologiesSeed · led by Builders VC, Diagram$7.4M
- 10
Thri5Seed · led by Whitecap Venture Partners$5.4M
Day by day
Equity rounds raised in Canada and announced each day of September. The busiest day was 1 September, with 3.
1 September30 September
By stage, against the year
Each stage's median this month beside its twelve-month median: Canada's own where we hold enough rounds for a benchmark, otherwise the worldwide one.
In what
- AI13
- Healthtech5
- Healthcare4
- Energy3
- Deeptech3
- Cleantech3
- Hardware & Electronics3
- Biotech2
AI was the busiest sector in Canada.
Against the world
- Rounds, Canada21
- Rounds, worldwide357
- Raised, Canada$575M
- Raised, worldwide$39B
116 roundsUnited States→
46 roundsUnited Kingdom→
25 roundsIndia→
13 roundsGermany→
11 roundsAustralia→
9 roundsFrance→
9 roundsChina→