Canadian AI funding reports
Yearly totals of what Canadian AI companies have raised since January 2023, with breakdowns by quarter, province, city, category and stage, and the largest rounds, all computed from the Canadian AI Index.
| Year | Equity rounds | Equity (C$) | Grants | Grants (C$) | Companies | Total (C$) |
|---|---|---|---|---|---|---|
| 2026 so far | 100 | C$5.5B | 58 | C$281M | 154 | C$5.8B |
| 2025 | 99 | C$3.8B | 26 | C$30M | 120 | C$3.9B |
| 2024 | 74 | C$4.1B | 6 | C$94M | 79 | C$4.2B |
| 2023 | 64 | C$1.4B | 4 | C$6.1M | 64 | C$1.4B |
Counts equity rounds, including secondary sales, and grants and government contributions, by the date recorded for each round. Venture debt and public financings are not counted. US$ amounts convert to C$ at the Bank of Canada rate on each round's date. The Index records fewer grants for earlier years, so compare grants across years with care.
Data as of October 26, 2026.