About Sustainability Tech sector in Canada
The Sustainability Tech sector in Canada comprises 3.87K companies, including 992 funded companies having collectively raised $26.9B in venture capital money and private equity. Out of these, 468 are Series A+ funded, and 1 has achieved unicorn status.
Sustainability Tech sector in Canada has seen 179 acquisitions and 132 IPOs. This represents almost 8.0% of all such companies - which is higher than the 5.0% exit rate of tech companies in general.
This sector includes sustainability Tech covers companies that provide tech-enabled solutions and hardware which enable sustainability- environmental, social and economic.
Companies included in Sustainability Tech
Companies providing tech solutions or hardware targetting basic human necessities such as health, etc. Companies providing tech solutions or hardware to ensure financial inclusivity through microfinance, affordable housing, etc. Companies providing tech solutions or hardware that help in ensuring environmental sustainability.Companies excluded in Sustainability Tech
Companies providing industry-agnostic solutions with no particular focus on sustainabilityTop Sustainability Tech Companies in Canada
There are more than 3.87K companies in Sustainability Tech in Canada. ecobee is the top Sustainability Tech company in Canada, ranked using Tracxn Score (what's this?).
Here are 5 of the top Sustainability Tech companies in Canada:
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
Provider of smart thermostats for commercial and residential applications | Toronto (Canada) | 2007 | Acquired | $155M | |
Manufacturer of electric motorcycles | Vancouver (Canada) | 2017 | Public | $40.3M | |
Provider of electric vehicle station management solution | Toronto (Canada) | 2019 | Series A | $30M | |
Developer of direct air capture technology focused on carbon dioxide removal | Squamish (Canada) | 2009 | Acquired | $110M | |
Provider of EV charging management systems | Toronto (Canada) | 2018 | Series B | $42M |
Companies founded year-on-year in the Sustainability Tech sector in Canada
360 Sustainability Tech startups in Canada were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | 6 |
2024 | 36 |
2023 | 102 |
2022 | 160 |
2021 | 262 |
2020 | 360 |
2019 | 327 |
2018 | 223 |
2017 | 232 |
Stage-wise distribution of Sustainability Tech sector companies in Canada
Out of the total 3,870 Sustainability Tech companies in Canada, 992 have secured funding. Among them, 468 have reached Series A or higher, and 385 to Series B or beyond.
Founded - 3,870
Funded - 992
Series A+ - 468
Series B+ - 385
Series C+ - 351
Company Stage | No. of companies |
|---|---|
Founded | 3,870 |
Funded | 992 |
Series A+ | 468 |
Series B+ | 385 |
Series C+ | 351 |
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Funding Trends in the Sustainability Tech sector in Canada
Total funding year-on-year in the Sustainability Tech sector in Canada
The Sustainability Tech sector in Canada saw a total funding of more than $24.8B in the last 10 years. The most amount of funding was in 2018 at more than $6.04B.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $1.75B |
2024 | $956M |
2023 | $1.62B |
2022 | $3.17B |
2021 | $2.35B |
2020 | $1.33B |
2019 | $1.06B |
2018 | $6.04B |
2017 | $6B |
Recent Funding Rounds in Sustainability Tech in Canada
In the year 2025, till December 2025, Sustainability Tech companies in Canada have raised $945M in equity funding across 77 rounds.
In the same period last year (i.e. till December 2024), Sustainability Tech companies in Canada had raised $520M across 66 rounds.
So, 2025 has seen a 81.61% rise in funding in Sustainability Tech companies in Canada as compared to 2024.
Here are some recent, important funding rounds in Sustainability Tech companies in Canada:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 4016 | Dec 10, 2025 | - | |
Series A | 1120 | Dec 01, 2025 | ||
Seed | 3144 | Nov 20, 2025 | ||
Series A | 4466 | Nov 20, 2025 | - | |
Seed | 1026 | Nov 20, 2025 |
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Top Investors in Sustainability Tech in Canada
Plug and Play Tech Center is the top investor in Sustainability Tech companies in Canada based on number of companies invested.
Here are some top investors in Sustainability Tech companies in Canada:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Sunnyvale (United States) | ||
Ottawa (Canada) | ||
Montreal (Canada) | ||
Zurich (Switzerland) | ||
Port Coquitlam (Canada) |
M&A activity in Sustainability Tech sector in Canada
In the year 2025, till December 2025, 7 acquisitions happened in Sustainability Tech sector in Canada. Last year, in 2024, a total of 16 acquisitions happened in Sustainability Tech sector in Canada.
Here are some recent, important acquisitions in Sustainability Tech sector in Canada:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Dec 19, 2025 | ||
Business Acquisition | Dec 05, 2025 | ||
Business Acquisition | Dec 01, 2025 | ||
Business Acquisition | Sep 07, 2025 | ||
Business Acquisition | Jul 02, 2025 |
Acquisition trends in Sustainability Tech sector in Canada
Here are the acquisition trends in Sustainability Tech sector in Canada:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | 7 |
2024 | 16 |
2023 | 19 |
2022 | 13 |
2021 | 26 |
2020 | 18 |
2019 | 24 |
2018 | 9 |
2017 | 14 |
IPOs in Sustainability Tech in Canada
In the year 2024, till December 2024, 6 IPOs happened in Sustainability Tech sector in Canada.
Here are some recent, important IPOs in Sustainability Tech sector in Canada:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Dec 23, 2024 | OTC Markets (OTCMKTS) | |
Nov 18, 2024 | National Association of Securities Dealers Automated Quotations (NASDAQ) | |
Nov 07, 2024 | National Association of Securities Dealers Automated Quotations (NASDAQ) | |
Jul 01, 2024 | National Association of Securities Dealers Automated Quotations (NASDAQ) | |
Mar 08, 2024 | Frankfurt Stock Exchange (FRA) |
Colleges which produce the most Sustainability Tech companies in Canada
Companies founded by alumni from top colleges in the Sustainability Tech in Canada
Most number of Sustainability Tech startups in Canada have been founded by alumni from University of Toronto, University of Waterloo and McGill University.
College | No. of companies |
|---|---|
University of Toronto | 70 |
University of Waterloo | 42 |
McGill University | 14 |
Harvard University | 8 |
Massachusetts Institute of Technology | 7 |
The University of British Columbia | 7 |
McMaster University | 6 |
University of Cambridge | 6 |
Cornell University | 5 |
Harvard Business School | 5 |
Total funding in Sustainability Tech companies founded by alumni from top colleges in Canada
In the last 10 years, Queen's University graduates' Sustainability Tech companies in Canada have raised the most funding among top colleges. University of Toronto alumni are second, and University of Waterloo alumni are third.
College | Total Funding |
|---|---|
Queen's University | $4.81B |
University of Toronto | $1.19B |
University of Waterloo | $825M |
McGill University | $377M |
The University of British Columbia | $355M |
Massachusetts Institute of Technology | $266M |
INSEAD | $258M |
University of Manchester | $137M |
University of Pennsylvania | $118M |
Wharton School | $118M |
Top News in Sustainability Tech in Canada
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Sensible Meats Announces Non-Brokered Private Placement for Gross Proceeds of up to C$3,000,000accessnewswire.com•Dec 16, 2025•Sensible Meats
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Eavor Technologies Achieves First Electricity Production at Geretsried SiteFinancial Post•Dec 04, 2025•Eavor
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H2O Innovation partners with Fathom Water to support the semiconductor marketBusiness Wire•Dec 02, 2025•H2O Innovation, Fathom
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Above Food Ingredients Announces Merger Advancement with Palm GlobalPR Newswire•Nov 28, 2025•Above Food
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