Manitoba’s Startup Funding Surges 5,900% Over 2024 Total!

Over $125 million raised in Q2, several opportunities in Manitoba tech, and more!

Jul 18, 2025

Fundraising 🚀

In just Q2 of 2025, Manitoba startups raised ~$125M - 60 times more than the total $2M raised in all of 2024. Here’s what folks from the ecosystem have to say about this:

“Manitoba is having a moment, with a healthy and thriving tech ecosystem, which continues to position our province for success. Our government and my ministry are proud to work with these innovative thinkers and will continue to support the growth of this exciting sector in our economy.”
- Mike Moroz, Minister of Innovation and New Technology

"Great ideas attract funding, and Manitoba is the place to grow your ideas."
- Paul Card, CEO at MB Innovates

"Super exciting to see this generation of Winnipeg startups show us what's possible in building right here at home. Not only does it help put us on the map as an investable ecosystem, it also does a lot to create and inspire the next generation of entrepreneurs. I know I'm not alone in rooting for the trend to continue!"
- Yacine Bara, VP Operations at Neo Financial

“Absolutely incredible to see our tech community focus and hard work in supporting our AMAZING founders as they get traction in the funding environment. I can’t wait to see more companies continue to get recognized and flourish from our MB Tech community.”
- Jackie Romans, Senior Relationships Manager at RBC

Conquest Planning has raised $110 million CAD in Series B funding! Led by Goldman Sachs, the Winnipeg-based financial planning platform also added investments from Canapi Ventures, BDC Capital, Citi Ventures, and USAA.

Taiv raised $14.4 million CAD in Series A funding to help accelerate its expansion into larger US markets, while also bringing their adtech solution to Canada.

Outreachgenius wrapped their pre-seed round, raising $300,000 for their AI sales solution software.

Partnerships 🤝

Bobo co-founder Klaudia McDonald joined the founder cohort at Parenthood Ventures, adding Bobo to a vibrant ecosystem of ParentTech Startups.

In Other News 📰

Typha Co. has received limited-time approval to issue preferred shares under Manitoba’s Small Business Venture Capital Tax Credit (SBVCTC) program. This incentive allows eligible Manitoban investors and companies to claim a 45% non-refundable tax credit on the amount invested in Typha Co.’s common shares. Find more information on investment opportunities here.

Polysense recorded the biggest month in their company history in May, implementing their real-time IT monitoring software across North America

QDoc Inc. was named the People’s Choice ScaleUP of the Year for the Prairies at the ScaleUP Awards Gala in Calgary. Congratulations to the QDoc team!

Speaking of awards, the YEY Award nominations close on August 1st, so be sure to get those in - tickets will go on sale in August for the event hosted by LOI on October 22nd in Winnipeg.

Open Positions 👯‍♀️

Bobo is hiring a Social Media & Influencer Marketing Associate
Norima Consulting is looking for Junior/Intermediate Project Managers and Business Analysts
Hilltop Partner Network is hiring two Developers for Fall Internships
QDoc Inc. is hiring for various positions here. If interested, be sure to email careers@qdoc.ca

Upcoming Tech Thursday’s in Winnipeg 👩‍💻

July 24th: ‘Manitoba AgTech Companies’

Featuring:

Terry Cholka, Investor
Jacqueline Keena, Managing Director at EMILI
Moderated by: Cal Harrison, President at Beyond Referrals

RSVP Here

July 31st: ‘Interactive Vibe Coding Session’