Canadian Startup Funding Plunges in Q3 as Unicorns Dry Up

Funding to Canadian startups declined 57% in Q3 2023 compared to previous quarter.

No new Canadian unicorns were created in Q3 2023.

Only one Canadian startup (Tenstorrent) raised over $100 million in Q3 2023.

Canada saw fewer deals in Q3 2023, with only 71 startups raising money.

Q3 2023 was a tough fundraising quarter for Canadian startups compared to previous quarters.