# Startup 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%... Source: https://millionrounds.com/news/monthly/2026-10/canada (Millionrounds; every figure on the page links to its filing or article) Equity rounds **18** raised in Canada, 17 with an amount Raised **$5.9B** across those rounds Lead named **94%** of rounds say who led Share of the world **2%** of rounds; 10% of the money ## The biggest rounds - [1 **Cohere** Series E · led by Schwarz Group **$5.0B**](https://millionrounds.com/company/cohere) - [2 **Wealthsimple** Growth · led by GIC **$425M**](https://millionrounds.com/company/wealthsimple) - [3 **Solink** Growth · led by Vertu Capital **$100M**](https://millionrounds.com/company/solink) - [4 **North Vector Dynamics** Series A · led by Tech Horizons **$20M**](https://millionrounds.com/company/north-vector-dynamics) - [5 A **Azoma** Series A · led by Puma Growth Partners **$11M**](https://millionrounds.com/company/azoma) - [6 O **One Silicon Chip Photonics (OSCP)** Series A · led by New Science Venture **$6.0M**](https://millionrounds.com/company/one-silicon-chip-photonics-oscp) - [7 M **Molagri** Seed · led by Convective Capital **$5.8M**](https://millionrounds.com/company/molagri) - [8 **DropGenie** Seed · led by Skeleton Key **$5.0M**](https://millionrounds.com/company/dropgenie) - [9 A **Assembler AI** Seed · led by Diagram ClimateTech Fund **$4.0M**](https://millionrounds.com/company/assembler-ai) - [10 A **Aerium** Seed · led by Gutter Capital **$2.5M**](https://millionrounds.com/company/aerium) ## Day by day Equity rounds raised in Canada and announced each day of October. The busiest day was 29 October, with 3. 1 October 31 October ## 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) *5* **$1.1M** this month **$2.0M** 12 months, worldwide [Seed](https://millionrounds.com/benchmarks/seed) *5* **$4.0M** this month **$5.5M** 12 months, worldwide [Series A](https://millionrounds.com/benchmarks/series-a) *4* **$11M** this month **$20M** 12 months, worldwide [Growth](https://millionrounds.com/benchmarks/growth) *2* **$263M** this month **$113M** 12 months, worldwide ## The most active leads Firms that led two or more of the month's rounds in Canada. - [**GIC** Wealthsimple *2 led*](https://millionrounds.com/fund/gic) - [**New Science Venture** OSCP, One Silicon Chip Photonics (OSCP) *2 led*](https://millionrounds.com/fund/new-science-ventures) - [**GreenSky Ventures** Bot Food *2 led*](https://millionrounds.com/fund/greensky-ventures) ## In what - [AI](https://millionrounds.com/news/monthly/2026-10/sector/ai) **10** - [Defence Tech](https://millionrounds.com/news/monthly/2026-10/sector/defensetech) **4** - [Robotics](https://millionrounds.com/news/monthly/2026-10/sector/robotics) **2** - [Deeptech](https://millionrounds.com/news/monthly/2026-10/sector/deeptech) **2** - [Fintech](https://millionrounds.com/news/monthly/2026-10/sector/fintech) **2** - [Manufacturing](https://millionrounds.com/news/monthly/2026-10/sector/manufacturing) **2** - [Cybersecurity](https://millionrounds.com/news/monthly/2026-10/sector/cybersecurity) **2** - [SaaS](https://millionrounds.com/news/monthly/2026-10/sector/saas) **2** AI was the busiest sector in Canada. ## Against the world - Rounds, Canada **18** - Rounds, worldwide **733** - Raised, Canada **$5.9B** - Raised, worldwide **$59B** [The whole of October 2026](https://millionrounds.com/news/monthly/2026-10) ## Other countries in October [281 rounds **United States** *→*](https://millionrounds.com/news/monthly/2026-10/united-states)[74 rounds **India** *→*](https://millionrounds.com/news/monthly/2026-10/india)[56 rounds **United Kingdom** *→*](https://millionrounds.com/news/monthly/2026-10/united-kingdom)[31 rounds **China** *→*](https://millionrounds.com/news/monthly/2026-10/china)[25 rounds **Japan** *→*](https://millionrounds.com/news/monthly/2026-10/japan)[24 rounds **South Korea** *→*](https://millionrounds.com/news/monthly/2026-10/south-korea)[17 rounds **France** *→*](https://millionrounds.com/news/monthly/2026-10/france) **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)