Canada’s early-stage startup funding is in a sustained decline, RBCx finds (opens original article in a new tab)

Canada's early-stage startup funding is in a sustained decline, with a 40% drop in Q1 2026, according to RBCx data. The average seed round size remains steady, but fundraising challenges are particularly pronounced among emerging managers and top VCs.

• Canada's early-stage startup funding has seen a sustained decline since 2025, with a 40% drop in Q1 2026.
• Average seed round size remains steady at $3 million despite the decline in total funding.
• RBCx reports that fundraising challenges are particularly pronounced among emerging managers and the top five VCs have seen a 50% drop since 2021.