Canadian VC Thaws: $2.69B Deployed in H1 2026, but the Warmth is Uneven

Canadian venture capital is finally thawing after a multi-year freeze, but the warmth is distributed unevenly—more dollars are flowing, yet fewer companies are getting funded, and the gap between AI/software darlings and everyone else is widening.

Evidence For

• The CVCA reports $2.69 billion CAD invested across 250 deals in H1 2026, a 17% year-over-year increase—the first growth since 2021.
• Capital is concentrating in blockbuster rounds: **Beacon Software’s $313M...