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Government of Canada Portfolio Companies

Investor actively backing innovative startups and growth-stage companies across various industries and funding rounds.

Last updated: July 2026

Government of Canada Investment Overview

Portfolio Companies
146
Total Invested
$1.4B
Average Investment
$17.0M

Government of Canada's Most Recent Investments (2020+)

Company NameFoundedFunding StageAmountCity
Hackergal2025GrantUndisclosedToronto
SCALE AI2023Debt FinancingUndisclosedMontréal
SolarSteam2025Seed$717KCalgary
Mirsee Robotics2025Seed$695KCambridge
Laserax2024Series C$45.5MQuebec
H552024Series C$22.6MSion
Eocycle2024Series A$14.5MMontreal
Nupeak2024Seed$500KBurnaby
Gryd2023Seed$896KWinnipeg
Tech Spark AI2023Pre-Seed$292KToronto

Complete List of Government of Canada Portfolio Companies (146)

Export
#CompanyStageAmountLocation
26HackergalGrantUndisclosedToronto, Canada
27SCALE AIDebt FinancingUndisclosedMontréal, Canada
28SolarSteamSeed$717KCalgary, Canada
29Mirsee RoboticsSeed$695KCambridge, Canada
30LaseraxSeries C$45.5MQuebec, Canada
31H55Series C$22.6MSion, Switzerland
32EocycleSeries A$14.5MMontreal, Canada
33NupeakSeed$500KBurnaby, Canada
34GrydSeed$896KWinnipeg, Canada
35Tech Spark AIPre-Seed$292KToronto, Canada
Non Profit

Hackergal is a Non-Profit exposing girls grade 6-9 to coding/computer science programs.

Toronto, Canada
February 2025
Grant

Founder Contacts

19,000+ verified contacts

Artificial Intelligence (AI)Funding PlatformIncubatorsInnovation ManagementLogisticsSupply Chain ManagementTraining

Scale AI is a business-led consortium that supports business building and accelerating the adoption of AI-powered technologies.

Montréal, Canada
February 2023
Debt Financing

Founder Contacts

19,000+ verified contacts

IndustrialRenewable EnergySolar

SolarSteam is a hardtech startup developing novel renewable concentrated solar technology to reduce heat emissions and cost.

Calgary, Canada
August 2025
$717K
Seed

Founder Contacts

19,000+ verified contacts

Artificial Intelligence (AI)Computer VisionEmbedded SystemsMachine LearningRoboticsSoftware

Mirsee Robotics offers smart robotics, AI, engineering, and manufacturing solutions.

Cambridge, Canada
March 2025
$695K
Seed

Founder Contacts

19,000+ verified contacts

LaserMachinery Manufacturing

Laserax manufactures industrial laser machines and systems for laser marking and laser cleaning.

Quebec, Canada
October 2024
$45.5M
Series C

Founder Contacts

19,000+ verified contacts

AerospaceElectronicsManufacturing

H 55 is developing certified technology solutions to make aviation clean, quite, efficient, affordable and ultimative autonomous.

Sion, Switzerland
July 2024
$22.6M
Series C

Founder Contacts

19,000+ verified contacts

Consumer ElectronicsEnergyManufacturingRenewable Energy

Eocycle develops, manufactures, and commercializes wind turbines for distributes wind energy applications.

Montreal, Canada
April 2024
$14.5M
Series A

Founder Contacts

19,000+ verified contacts

AgTechArtificial Intelligence (AI)FarmingMachine LearningRobotics

Transforming how robots learn, from code to demonstration. Making intelligent automation accessible to all.

Burnaby, Canada
January 2024
$500K
Seed

Founder Contacts

19,000+ verified contacts

3D TechnologyDigital MediaEnterprise SoftwareMarketingParkingProperty ManagementPropTechReal Estate

PropTech, SaaS, Real-Estate

Winnipeg, Canada
December 2023
$896K
Seed

Founder Contacts

19,000+ verified contacts

Artificial Intelligence (AI)ContentE-LearningEdTechMachine LearningPredictive Analytics

Created by Tech Spark, the Spark Plug platform uses ethical data and youth culture to personalize education for middle school students.

Toronto, Canada
November 2023
$292K
Pre-Seed

Founder Contacts

19,000+ verified contacts

Artificial Intelligence (AI)Health CareHealth DiagnosticsHospitalMedicalMedical Device

FluidAI Medical is a Medical Device startup developing a solution to detect gastrointestinal leaks after surgical procedures.

Kitchener, Canada
October 2023
$15.0M
Series A

Founder Contacts

19,000+ verified contacts

Human ResourcesSoftwareWeb Development

Merinio is a cloud based software designed to increase operational efficiency in dynamic and complex business environments.

Montreal, Canada
April 2023
$1.6M
Seed

Founder Contacts

19,000+ verified contacts

HardwareMachinery ManufacturingQuantum Computing

Photonic is a quantum technology company that builds scalable quantum computing systems and quantum networking solutions for commercial use.

Vancouver, Canada
January 2026
$130.8M
Venture - Series Unknown

Founder Contacts

19,000+ verified contacts

ComputerHardwareQuantum Computing

Anyon System develops superconducting quantum computers focused on hybrid HPC-Quantum computing for high-performance computing centers.

Dorval, Canada
December 2025
Grant

Founder Contacts

19,000+ verified contacts

Communications InfrastructureInternetTelecommunications

Flexnetworks builds, owns, and operates fibre-optic networks.

Saskatoon, Canada
January 2026
Grant

Founder Contacts

19,000+ verified contacts

Environmental ConsultingManufacturingRenewable Energy

Evercloak is a cleantech startup that specializes in manufacturing ultra-thin graphene and other 2D nanomaterial films.

Waterloo, Canada
November 2024
Grant

Founder Contacts

19,000+ verified contacts

AnalyticsArtificial Intelligence (AI)Big DataHealth CareSoftware

The leading artificial and human intelligence organization for detecting, assessing, and responding to global infectious diseases.

Toronto, Canada
January 2023
Grant

Founder Contacts

19,000+ verified contacts

Non ProfitTraining

Palette Skills is a national non-profit funded in part by the Government of Canada's Sectoral Initiatives Program.

Toronto, Canada
October 2023
Grant

Founder Contacts

19,000+ verified contacts

Space Travel

Reaction Dynamics is a rocket company that develops breakthrough launch technology based on hybrid propulsion.

Saint Laurent, Canada
March 2026
$6.1M
Grant

Founder Contacts

19,000+ verified contacts

MineralMiningMining Technology

Generation Mining is a mineral development company that focuses on zinc and molybdenum projects in Canada.

Toronto, Canada
February 2026
$553K
Post Ipo Equity

Founder Contacts

19,000+ verified contacts

MineralMiningNatural Resources

Canada Nickel Company is a mining company that develops nickel-sulphide projects to support electric vehicle and steel markets.

Toronto, Canada
February 2026
$32.0M
Post Ipo Debt

Founder Contacts

19,000+ verified contacts

Application Specific Integrated Circuit (ASIC)Quantum ComputingSemiconductor

Nord Quantique creates quantum processors based on second-generation technology, focuses on quantum computing error correction.

Sherbrooke, Canada
December 2025
$16.7M
Grant

Founder Contacts

19,000+ verified contacts

MiningMining Technology

Fireweed Metals is a Canadian mining exploration and development company.

Vancouver, Canada
December 2025
$157K
Grant

Founder Contacts

19,000+ verified contacts

Artificial Intelligence (AI)Consumer ElectronicsManufacturing

Centre de Collaboration MiQro Innovation is a semiconductor foundry.

Bromont, Canada
December 2025
$468.5M
Grant

Founder Contacts

19,000+ verified contacts

BiotechnologyLife Science

Edesa develops treatments for dermatological and anorectal diseases. Edesa merged with Stellar Biotechnologies in 2019.

Markham, Canada
September 2025
$3.4M
Post Ipo Equity

Founder Contacts

19,000+ verified contacts

Showing 26-50 of 146 portfolio companies

Frequently Asked Questions About Government of Canada

How many companies has Government of Canada invested in?

Government of Canada has invested in 146 companies tracked in our database. The portfolio spans multiple industries and funding stages, from seed-stage startups to late-stage companies.

What industries does Government of Canada invest in?

Government of Canada's top investment sectors include Artificial Intelligence (AI), Manufacturing, Renewable Energy, Machine Learning, Software. The firm invests across 62 different industry categories.

What is Government of Canada's largest investment?

Among tracked funding rounds, Centre de Collaboration MiQro Innovation received $468.5M in a Grant round. Government of Canada's total known invested capital is $1.4B.

What is the average investment size for Government of Canada?

Government of Canada's average investment size is $17.0M across its portfolio of 146 companies.

What are Government of Canada's most recent investments?

Recent Government of Canada portfolio additions include Hackergal, SCALE AI, SolarSteam, Mirsee Robotics, Laserax. These companies were founded in 2020 or later.

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