While seed-stage investment in Canada faces challenges, late-stage investments thrived in 2024, with a total of $7.86 billion raised across 592 deals, dominated by mega-deals over $50 million. Clio’s $1.24 billion round was a standout, marking the largest in Canadian history. Early-stage funding dropped significantly to $510 million, raising concerns for future innovation. The information and communications technology sector led investments, followed by life sciences and cleantech. Ontario, Quebec, and British Columbia accounted for 88% of funding. As Canada navigates political shifts, a strategic approach to support innovation and investment is crucial for long-term growth.