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Country comparison

Canada vs Saudi Arabia: startup funding compared

Since 9 June 2025, startups in Canada raised $4.8B across 114 rounds, 4.9 times Saudi Arabia's $976M.

CanadavsSaudi Arabia
$4.8BCapital raised$976M
114Rounds42
$6MMedian round$3.5M
0.7%Share of all capital0.1%
55%Early-stage rounds79%

Capital raised running total by month

$4.8B$2.4B Canada, end of Jun 25: $206MCanada, end of Jul: $392MCanada, end of Aug: $1.1BCanada, end of Sept: $1.1BCanada, end of Oct: $1.2BCanada, end of Nov: $2BCanada, end of Dec: $2BCanada, end of Jan 26: $3.2BCanada, end of Feb: $3.7BCanada, end of Mar: $3.9BCanada, end of Apr: $3.9BCanada, end of May: $4BCanada, end of Jun: $4.5BCanada, end of Jul: $4.5BCanada, end of Aug: $4.7BCanada, end of Sept: $4.7BCanada, end of Oct: $4.7BCanada, end of Nov: $4.8BSaudi Arabia, end of Jun 25: $50.3MSaudi Arabia, end of Jul: $342MSaudi Arabia, end of Aug: $460MSaudi Arabia, end of Sept: $464MSaudi Arabia, end of Oct: $470MSaudi Arabia, end of Nov: $474MSaudi Arabia, end of Dec: $474MSaudi Arabia, end of Jan 26: $483MSaudi Arabia, end of Feb: $542MSaudi Arabia, end of Mar: $549MSaudi Arabia, end of Apr: $549MSaudi Arabia, end of May: $590MSaudi Arabia, end of Jun: $592MSaudi Arabia, end of Jul: $592MSaudi Arabia, end of Aug: $599MSaudi Arabia, end of Sept: $964MSaudi Arabia, end of Oct: $976MSaudi Arabia, end of Nov: $976M Jun 25SeptDecMarJunSept
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Where the money goes share of capital by sector

Canada

  • AI43%$2.1B
  • Robotics & Hardware25%$1.2B
  • Other13%$611M
  • Enterprise software8%$372M
  • Fintech4%$190M
  • Health4%$181M

Saudi Arabia

  • Fintech50%$485M
  • Consumer26%$257M
  • Enterprise software12%$116M
  • AI8%$82.2M
  • Other2%$22.4M
  • Robotics & Hardware1%$12M

Biggest rounds

Canada

  1. Waabi $750M 1
  2. Clio $500M 2
  3. Cohere $500M 3

Saudi Arabia

  1. barq $330M 1
  2. Ninja $254M 2
  3. Gathern $72.1M 3

Stage mix share of rounds

CanadaSaudi Arabia
39%Pre-Seed and Seed57%
16%Series A21%
10%Series B7%
8%Series C and later0%
27%Other or undisclosed14%

Most active investors rounds joined

InvestorCanadaSaudi Arabia
BDC Capital6·
Garage Capital6·
Inovia Capital6·
500 Global·5
Impact46·5
Investissement Québec5·
Khosla Ventures5·
COTU Ventures·4
Graphite Ventures4·
Merak Capital·4
Panache Ventures4·
Y Combinator31

Startup hubs rounds and capital by city

Canada

  • Toronto37$2.3B
  • Vancouver15$903M
  • Montreal25$535M
  • Montréal1$302M
  • Calgary9$155M
  • Richmond3$122M

Saudi Arabia

  • Riyadh27$920M
  • Jeddah1$1.2M

Latest rounds

Questions

Which country raised more startup funding, Canada or Saudi Arabia?

Canada. Since 9 June 2025, startups in Canada raised $4.8B across 114 rounds, against $976M across 42 rounds in Saudi Arabia, 4.9 times more. That is 0.7% and 0.1% of all the capital FundraiseBase tracked worldwide over the period.

How many startup funding rounds were announced in Canada and Saudi Arabia?

114 rounds in Canada and 42 rounds in Saudi Arabia since 9 June 2025, about 6 and 2 a month.

Are startup rounds bigger in Canada or Saudi Arabia?

The median round is $6M in Canada and $3.5M in Saudi Arabia, and the average round $42.2M and $23.2M. 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 Saudi Arabia?

The biggest startup rounds in Saudi Arabia since 9 June 2025 are barq ($330M, Series A, 15 Sept 2026), Ninja ($254M, Growth, 8 Jul 2025) and Gathern ($72.1M, Series B, 20 Aug 2025).

Which sectors attract the most startup funding in Canada and Saudi Arabia?

In Canada, AI ($2.1B, 43% of the capital), Robotics & Hardware ($1.2B, 25%) and Enterprise software ($372M, 8%) lead. In Saudi Arabia, Fintech ($485M, 50% of the capital), Consumer ($257M, 26%) and Enterprise software ($116M, 12%) lead.

Is Canada or Saudi Arabia better for early-stage startups?

Early-stage rounds (Pre-Seed, Seed and Series A) make up 55% of rounds in Canada and 79% in Saudi Arabia. Canada recorded 45 Pre-Seed or Seed rounds and Saudi Arabia 24 Pre-Seed or Seed rounds, with a median of $3.3M and $1.7M.

How much growth funding (Series B and later) goes to Canada and Saudi Arabia?

Startups in Canada raised $1.9B in 20 Series B or later rounds, 39% of the country's capital. In Saudi Arabia, $132M in 3 rounds, 14% 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 Saudi Arabia?

Impact46 (5 rounds, 3 led), 500 Global (5 rounds) and Merak Capital (4 rounds, 3 led) are the most active investors in Saudi Arabia.

Which investors back startups in both Canada and Saudi Arabia?

3 investors joined rounds in both countries. The most active: Y Combinator (3 in Canada, 1 in Saudi Arabia), Andreessen Horowitz (1 in Canada, 1 in Saudi Arabia) and Endeavor Catalyst (1 in Canada, 1 in Saudi Arabia).

Which cities lead startup funding in Canada and Saudi Arabia?

Toronto leads Canada with $2.3B across 37 rounds, ahead of Vancouver ($903M). Riyadh leads Saudi Arabia with $920M across 27 rounds, ahead of Jeddah ($1.2M).

Which month brought the most startup funding?

In Canada, January 2026 ($1.2B). In Saudi Arabia, September 2026 ($364M).

How much did startups in Canada and Saudi Arabia raise in the last 90 days?

In the 90 days to 10 Nov 2026, startups in Canada raised $274M across 9 rounds and in Saudi Arabia $381M across 9 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.

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