Our list of notable bite-sized funding rounds under $4 million to Canadian Companies. Toronto may have had more startups funded in the month of June, but for much lower amounts. Quebec still beats Ontario for total deal flow amount. In fact, so do BC- and Alberta-based companies. Something that continues from last month. Should we be worried that Ontario-based companies are being rejected for funding?
City | Companies | Funding Total | Average |
Toronto | 5 | $3,100,000 | $620,000 |
Montreal+Laval | 4 | $3,720,000 | $930,000 |
Calgary | 3 | $3,500,000 | $1,166,667 |
Vancouver | 2 | $3,600,000 | $1,800,000 |
Ottawa | 1 | $100,000 | $100,000 |
Here’s a breakout
Organization | City | Funding Type | Raise |
ANGELA MITCHELL | Montreal | Seed | $100,000 |
Jrop | Toronto | Seed | $100,000 |
Desk Nibbles | Ottawa | Seed | $100,000 |
Triyosoft | Toronto | Seed | $100,000 |
Pelcro | Montreal | Seed | $120,000 |
Factory | Calgary | Angel | $500,000 |
Every | Toronto | Angel | $600,000 |
CoLab Software | St. John’s | Seed | $600,000 |
Squiggle Park | Toronto | Seed | $800,000 |
StellarAlgo | Calgary | Seed | $1,000,000 |
Liquidity Marketplace | Vancouver | Seed | $1,000,000 |
Omnirobotic | Laval | Seed | $1,000,000 |
Phenomic AI | Toronto | Seed | $1,500,000 |
SensorUp | Calgary | Seed | $2,000,000 |
POTLOC | Montreal | Seed | $2,500,000 |
AVA Technologies Inc | Vancouver | Seed | $2,600,000 |