Canada is a thriving hub for startups, with a supportive ecosystem and ample opportunities for fundraising.
According to the Startup Genome Global Startup Ecosystem Report 2019, Canada ranks 11th globally in terms of startup ecosystem strength, with a focus on industries such as AI, fintech, and e-commerce.
In terms of the number of startups, Canada is home to over 85,000 startups, with a high concentration in cities such as Toronto and Vancouver.
The Canadian government has taken several initiatives to support the growth of startups, including tax credits, grants, and funding programs.
Some of the most popular startups in Canada include Shopify, Hootsuite, and Slack.
In terms of fundraising, Canada has a strong presence of both business angels and venture capital firms. Some of the most active investors include Real Ventures, BDC Capital, and OMERS Ventures.
In 2020, Canadian startups raised a total of $10.9 billion, with the majority of funding going to the technology and healthcare sectors.