Montreal received the second-most funding

Deals worth CAD 5 million to less than CAD 10 million. All venture stages, 1 August 2024 to 31 July 2026. Reported investment: CAD 495.6 million. Each column ranks cities by investment. Values show CAD millions and each city’s share of the column total.

AI overlaps industries. Includes venture debt and other VC-labelled transaction types. Simplified city names: North Vancouver is included in Vancouver; Quebec spelling variants are combined. Distinct place names stay separate. Name-based groups, not metro boundaries or local expenditure. Disputed geography stays in national denominators. Groups use saved descriptions; historical industry and AI status are unverified. Canada includes Alberta. City colours use Oxblood, Moss, Ochre, and derived shades. Each city keeps its shade across tables; colour depth does not represent investment size.
Chart: Tinu AlliSource: CVCA dataGet the data