# Startup 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%... Source: https://millionrounds.com/news/monthly/2026-09/canada (Millionrounds; every figure on the page links to its filing or article) Equity rounds **21** raised in Canada, 19 with an amount Raised **$575M** across those rounds Lead named **90%** of rounds say who led Share of the world **6%** of rounds; 1% of the money ## The biggest rounds - [1 **telMAX** Growth · led by Hamilton Lane **$215M**](https://millionrounds.com/company/telmax) - [2 **Biossil** Series B · led by OpenAI Startup Fund **$153M**](https://millionrounds.com/company/biossil) - [3 **Kanin Energy** Growth · led by S2G Investments, Canada Growth Fund **$100M**](https://millionrounds.com/company/kanin-energy) - [4 **Altis Labs** Series A · led by OrbiMed, Qiming Venture Partners USA **$25M**](https://millionrounds.com/company/altis-labs) - [5 B **Bird&Be** Series A · led by Boulder Food Group, BDC Thrive Fund **$13M**](https://millionrounds.com/company/bird-and-be) - [6 A **Axya** Series A · led by McRock Capital **$12M**](https://millionrounds.com/company/axya) - [7 **Astrus** Series A · led by Caffeinated Capital **$12M**](https://millionrounds.com/company/astrus) - [8 U **Ultimarii** Series A · led by BDC Capital, Mistral **$9.4M**](https://millionrounds.com/company/ultimarii) - [9 S **Sweet Technologies** Seed · led by Builders VC, Diagram **$7.4M**](https://millionrounds.com/company/sweet-technologies) - [10 **Thri5** Seed · led by Whitecap Venture Partners **$5.4M**](https://millionrounds.com/company/thri5) ## Day by day Equity rounds raised in Canada and announced each day of September. The busiest day was 1 September, with 3. 1 September 30 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. [Pre-seed](https://millionrounds.com/benchmarks/pre-seed) *6* **$2.3M** this month **$2.0M** 12 months, worldwide [Seed](https://millionrounds.com/benchmarks/seed) *6* **$4.0M** this month **$5.5M** 12 months, worldwide [Series A](https://millionrounds.com/benchmarks/series-a) *6* **$12M** this month **$20M** 12 months, worldwide [Series B](https://millionrounds.com/benchmarks/series-b) *1* **$153M** this month **$50M** 12 months, worldwide [Growth](https://millionrounds.com/benchmarks/growth) *2* **$158M** this month **$113M** 12 months, worldwide ## In what - [AI](https://millionrounds.com/news/monthly/2026-09/sector/ai) **13** - [Healthtech](https://millionrounds.com/news/monthly/2026-09/sector/healthtech) **5** - [Healthcare](https://millionrounds.com/news/monthly/2026-09/sector/healthcare) **4** - [Energy](https://millionrounds.com/news/monthly/2026-09/sector/energy) **3** - Deeptech **3** - [Cleantech](https://millionrounds.com/news/monthly/2026-09/sector/cleantech) **3** - [Hardware & Electronics](https://millionrounds.com/news/monthly/2026-09/sector/hardware) **3** - [Biotech](https://millionrounds.com/news/monthly/2026-09/sector/biotech) **2** AI was the busiest sector in Canada. ## Against the world - Rounds, Canada **21** - Rounds, worldwide **357** - Raised, Canada **$575M** - Raised, worldwide **$39B** [The whole of September 2026](https://millionrounds.com/news/monthly/2026-09) ## Other countries in September [116 rounds **United States** *→*](https://millionrounds.com/news/monthly/2026-09/united-states)[46 rounds **United Kingdom** *→*](https://millionrounds.com/news/monthly/2026-09/united-kingdom)[25 rounds **India** *→*](https://millionrounds.com/news/monthly/2026-09/india)[13 rounds **Germany** *→*](https://millionrounds.com/news/monthly/2026-09/germany)[11 rounds **Australia** *→*](https://millionrounds.com/news/monthly/2026-09/australia)[9 rounds **France** *→*](https://millionrounds.com/news/monthly/2026-09/france)[9 rounds **China** *→*](https://millionrounds.com/news/monthly/2026-09/china) **How this roundup is made** It is written from the rounds we read that month in named articles and filings, counted by the country the company raised in. Only equity rounds with a stage count; debt, grants and public companies' raises do not. Each month the eight countries with the most equity rounds get their own roundup. We read more sources every month, so compare medians, not totals. [How we read rounds](https://millionrounds.com/methodology) · [Report a mistake](https://millionrounds.com/corrections)