“Calgary isn’t trying to be the next Silicon Valley,” says Kelly Schmitt, CEO of Headversity.
Startup Genome and the Global Entrepreneurship Network’s annual Global Startup Ecosystem Report, released today, places Calgary in the #41-50 range globally and #26-30 in North America, and top 30 positions for both deal momentum and funding runway.
Calgary is also in the North America top 10 for affordable talent. Software engineers earn $71,000 on average, well above the global average of $54,000, though below the regional average of $101,000.
Total venture capital funding from 2021 to 2025 reached $3.4 billion, with ecosystem value sitting at $7 billion, and 151 exits recorded over the same period, above the global average of 103.
The on-the-ground numbers reinforce the upward trajectory of Canada’s fourth-largest city.
Platform Calgary’s 2025 Impact Report confirmed $323.9 million in investment secured by member companies, pushing cumulative capital raised past $1 billion since 2018, with 1,563 founders supported, up 36% year-over-year.
Neo Financial, a Canadian fintech success story, raised $68.5 million in 2026 to launch a credit securitization program backed by a syndicate of more than 100 Canadian investors. Eavor, Calgary’s geothermal energy leader, secured $89 million in later-stage funding, ranking among Canada’s largest VC deals in 2025. CropMind was selected for Google’s 2026 Startups Accelerator Canada cohort, one of only 14 AI-driven startups chosen nationally.
Calgary’s mix of sectors, from fintech to cleantech, AgTech to AI, energy to defence, is a feature of how the city has positioned itself.
“We are building something unique,” Schmitt added. “A deeply collaborative ecosystem where talent, capital, and hard-earned lessons are shared to solve real-world problems. That combination of humility, grit, and ‘we’re in this together’ ambition is why I chose to join Headversity and scale another company here.”
Calgary’s Innovation Strategy and local funding are at the heart of the ecosystem’s growth, with the Opportunity Calgary Investment Fund (OCIF) investing millions since 2025.
With early-stage funding growth scoring seven out of 10 and Platform Calgary projecting a further 20% increase in founder participation for 2026, the ecosystem’s momentum is clear.
“The GSER 2026 findings validate what we’ve seen on the ground: Calgary isn’t just participating in the innovation economy — we are setting the pace for the rest of Canada,” says Jen Lussier, CEO of Platform Calgary.
“Growing at four times the national average is a remarkable achievement, but the real story is the sustainability of this trajectory. These economic gains are now fundamentally baked into the Calgary economy. We have moved from ’emerging’ to ‘essential,’ and the momentum we’ve built since 2020 provides a rock-solid foundation for the next stage of growth as we head toward the end of the decade.”
Final Shots
- Calgary’s cumulative capital raised passed $1 billion since 2018, with $323.9 million secured by Platform Calgary member companies in 2025 alone and founder participation up 36% year-over-year.
- The ecosystem ranks in the top 10 in North America for affordable talent, with 151 exits from 2021 to 2025, above the global average of 103.
- Sector diversification across fintech, cleantech, AgTech, AI, and defence is strategic, backed by the Opportunity Calgary Investment Fund and coordinated through Platform Calgary, Calgary Innovation Coalition, and Calgary Economic Development.
Startup ecosystems unpacked
Digital Journal has published additional coverage of the 2026 Global Startup Ecosystem Report, including Canadian ecosystem reports. Explore more:
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