Toronto led investment in five industries

Deals worth CAD 1 million to less than CAD 5 million. All venture stages, 1 August 2024 to 31 July 2026. Reported investment: CAD 488.1 million. Each column ranks cities by investment. Values show CAD millions and each city’s share of the column total.

AI overlaps industries. Seven industry columns omit CAD 3.6m unclassified, retained in Overall. 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