Country comparison
Canada vs Italy: startup funding compared
Since 9 June 2025, startups in Canada raised $4.8B across 114 rounds, 2.7 times Italy's $1.8B.
Capital raised running total by month
Where the money goes share of capital by sector
Canada
Italy
Biggest rounds
Stage mix share of rounds
Most active investors rounds joined
Startup hubs rounds and capital by city
Canada
Italy
Latest rounds
Questions
Which country raised more startup funding, Canada or Italy?
Canada. Since 9 June 2025, startups in Canada raised $4.8B across 114 rounds, against $1.8B across 117 rounds in Italy, 2.7 times more. That is 0.7% and 0.3% of all the capital FundraiseBase tracked worldwide over the period.
How many startup funding rounds were announced in Canada and Italy?
114 rounds in Canada and 117 rounds in Italy since 9 June 2025, about 6 and 7 a month.
Are startup rounds bigger in Canada or Italy?
The median round is $6M in Canada and $3.8M in Italy, and the average round $42.2M and $15.3M. The median shows the typical round; the average is pulled up by a few very large ones.
What is the biggest startup round in Canada?
The biggest startup rounds in Canada since 9 June 2025 are Waabi ($750M, 30 Jan 2026), Clio ($500M, Series G, 10 Nov 2025) and Cohere ($500M, 14 Aug 2025).
What is the biggest startup round in Italy?
The biggest startup rounds in Italy since 9 June 2025 are Exein ($270M, 15 Sept 2026), Bending Spoons ($270M, Growth, 30 Oct 2025) and AAVantgarde Bio ($141M, Series B, 3 Nov 2025).
Which sectors attract the most startup funding in Canada and Italy?
In Canada, AI ($2.1B, 43% of the capital), Robotics & Hardware ($1.2B, 25%) and Enterprise software ($372M, 8%) lead. In Italy, AI ($544M, 30% of the capital), Enterprise software ($358M, 20%) and Health ($335M, 19%) lead.
Is Canada or Italy better for early-stage startups?
Early-stage rounds (Pre-Seed, Seed and Series A) make up 55% of rounds in Canada and 57% in Italy. Canada recorded 45 Pre-Seed or Seed rounds and Italy 52 Pre-Seed or Seed rounds, with a median of $3.3M and $2.3M.
How much growth funding (Series B and later) goes to Canada and Italy?
Startups in Canada raised $1.9B in 20 Series B or later rounds, 39% of the country's capital. In Italy, $461M in 8 rounds, 26% of the capital.
Who are the most active startup investors in Canada?
BDC Capital (6 rounds, 2 led), Inovia Capital (6 rounds, 1 led) and Garage Capital (6 rounds, 1 led) are the most active investors in Canada.
Who are the most active startup investors in Italy?
CDP Venture Capital (29 rounds, 10 led), Vento (11 rounds) and United Ventures (8 rounds, 6 led) are the most active investors in Italy.
Which investors back startups in both Canada and Italy?
7 investors joined rounds in both countries. The most active: Club degli Investitori (1 in Canada, 5 in Italy), Primo Capital SGR (1 in Canada, 1 in Italy), AMD Ventures (1 in Canada, 1 in Italy), Fidelity (1 in Canada, 1 in Italy) and Lakestar (1 in Canada, 1 in Italy).
Which cities lead startup funding in Canada and Italy?
Toronto leads Canada with $2.3B across 37 rounds, ahead of Vancouver ($903M). Milan leads Italy with $976M across 53 rounds, ahead of Rome ($381M).
Which month brought the most startup funding?
In Canada, January 2026 ($1.2B). In Italy, October 2025 ($474M).
How much did startups in Canada and Italy raise in the last 90 days?
In the 90 days to 12 Nov 2026, startups in Canada raised $274M across 9 rounds and in Italy $391M across 12 rounds.
Where does this data come from?
FundraiseBase lists startup funding rounds from public announcements: press releases, company posts and news coverage, checked and updated every day. Amounts are in US dollars. Some rounds are never announced, so the figures show what was made public, not every round. Corrections are welcome.