Monthly roundup · Canada · October 2026
Monthly roundup · Canada · October 2026Startup funding in Canada, October 2026: Cohere's $5.0B Series E leads 18 rounds
We read 18 equity rounds raised in Canada and announced in October 2026, raising $5.9B between them: 2% of the rounds we read worldwide that month and 10% of the money. The largest was Cohere's $5.0B Series E, led by Schwarz Group. The median seed round was $4.0M, against $5.5M over the last twelve months worldwide; at Series A it was $11M. GIC led the most rounds, with 2.
The biggest rounds
- 1
CohereSeries E · led by Schwarz Group$5.0B - 2
WealthsimpleGrowth · led by GIC$425M - 3
SolinkGrowth · led by Vertu Capital$100M - 4
North Vector DynamicsSeries A · led by Tech Horizons$20M - 5AAzomaSeries A · led by Puma Growth Partners$11M
- 6OOne Silicon Chip Photonics (OSCP)Series A · led by New Science Venture$6.0M
- 7MMolagriSeed · led by Convective Capital$5.8M
- 8
DropGenieSeed · led by Skeleton Key$5.0M - 9AAssembler AISeed · led by Diagram ClimateTech Fund$4.0M
- 10AAeriumSeed · led by Gutter Capital$2.5M
Day by day
Equity rounds raised in Canada and announced each day of October. The busiest day was 29 October, with 3.
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.
The most active leads
Firms that led two or more of the month's rounds in Canada.
In what
AI was the busiest sector in Canada.
Against the world
- Rounds, Canada18
- Rounds, worldwide733
- Raised, Canada$5.9B
- Raised, worldwide$59B
281 roundsUnited States→
74 roundsIndia→
56 roundsUnited Kingdom→
31 roundsChina→
25 roundsJapan→
24 roundsSouth Korea→
17 roundsFrance→