By Prashant Matta, Domenic Del Vecchio, and Inshaal Qadir

We’re excited to release our 2025 Startup Formation Report — a data-driven look at new startup activity across Canada.

This proprietary report from Panache Ventures reveals directional insights into where startups are forming, how founder dynamics are shifting, and what it all means for the future of venture capital.

Inside the report:

• Regional startup formation trends

• AI-native startup activity and sector breakdowns

• Founder insights and ecosystem shifts

• University rankings based on formation data