As can be seen, Startups from Canada Tier 1 take about 5 months longer to raise seed than the US Tier 1, and a year longer than Silicon Valley. They also take on average 13 months longer to raise Series A, compared with the US Tier 1 (16 months in comparison with Silicon Valley). The time between Seed and Series A is also longer. (Data for Canada Tier 2 is unreliable due to low numbers)
Fig. 18: Median time between Formation and Seed (for firms that raise)
Fig 19: Median time between Formation and Series A (for firms that raise)
Startup Genome | San Francisco • Berlin • London • Delhi • Tokyo • Abu Dhabi • Bangalore • São Paulo
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