How many total Manufacturing Services companies are there in Canada?

As of June 2025, Canada has 2503 active Manufacturing Services companies.

How many Manufacturing Services companies in Canada are funded?

As of June 2025, 229 companies have received funding in this sector.

What is the total funding raised by Manufacturing Services companies in Canada?

Manufacturing Services companies in Canada have collectively raised $3.91B in funding till date.

Manufacturing Services in Canada - 2025 Market & Investments Trends - Tracxn

Q: Who are the top investors in Manufacturing Services companies in Canada?

The top investors in Manufacturing Services companies in Canada by number of investments are AIAC and Plug and Play Tech Center.

The Manufacturing Services sector in Canada comprises 2.54K companies, including 229 funded companies having collectively raised $3.91B in venture capital money and private equity. Out of these, 448 are Series A+ funded.

Manufacturing Services sector in Canada has seen 409 acquisitions and 25 IPOs. This represents almost 17.1% of all such companies - which is higher than the 5.4% exit rate of tech companies in general.

Key Metrics

Total Companies

2.54K

Top Companies

Celestica, Acuva Technologies & more

Total Funding

Funded Companies

Series A+ Companies

Series C+ Companies

IPOs

Acquisitions

409

There are more than 2.54K companies in Manufacturing Services in Canada. Celestica is the top Manufacturing Services company in Canada, ranked using Tracxn Score (what's this?).

Here are 5 of the top Manufacturing Services companies in Canada

Company	Founded	Current Stage	Private Funding Raised
Celestica	1994	Public	-
Acuva Technologies	2014	Acquired	$10.4M
Giatec Scientific	2010	Series A	$3.76M
CCL Industries	1951	Public	-
ABC Technologies	1974	Acquired	-

Get a longer list of companies

Companies founded year-on-year in the Manufacturing Services sector in Canada

203 Manufacturing Services startups in Canada were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.

Total Number of Companies

Year	No of companies founded
2025	-
2024	3
2023	46
2022	115
2021	169
2020	203
2019	135
2018	34
2017	18
2016	21

Stage-wise distribution of Manufacturing Services sector companies in Canada

Out of the total 2,537 Manufacturing Services companies in Canada, 229 have secured funding. Among them, 448 have reached Series A or higher, and 439 to Series B or beyond.

Stage

#Companies

Founded

2,537

Funded

229

Series A+

448

Series B+

439

Series C+

439

Company Stage	No. of companies
Founded	2,537
Funded	229
Series A+	448
Series B+	439
Series C+	439

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Total funding year-on-year in the Manufacturing Services sector in Canada

The Manufacturing Services sector in Canada saw a total funding of more than $3.31B in the last 10 years. The most amount of funding was in 2019 at more than $1.2B. There has been a total funding of $1.91M in 2025 till date.

Total Funding

Year	Total Funding
2025	$1.91M
2024	$54.4M
2023	$85.6M
2022	$9.19M
2021	$26.4M
2020	$79.4M
2019	$1.2B
2018	$1.16B
2017	$2.85M
2016	$690M

Recent Funding Rounds in Manufacturing Services in Canada

In the year 2025, till March 2025, Manufacturing Services companies in Canada have raised $500K in equity funding across 3 rounds. In the same period last year (i.e. till March 2024), Manufacturing Services companies in Canada had raised $385K across 3 rounds. So, 2025 has seen a 29.87% rise in funding in Manufacturing Services companies in Canada as compared to 2024.

Here are some recent, important funding rounds in Manufacturing Services companies in Canada

Company	Round Raised	Amount Raised	Funding Date	Investors
Tejas Completion Services	PE	Undisclosed	Mar 17, 2025	Voyager Interests
visionbyscope.com	Series A	Undisclosed	Mar 11, 2025	Black Bay Partners
Forge	Seed	$500K	2025	Y Combinator
Novitech	PE	Undisclosed	Oct 24, 2024	BP Energy Partners
theprovenancechain.com	Series A	$10.5M	Oct 08, 2024	-

See a more detailed list of funding rounds

AIAC is the top investor in Manufacturing Services companies in Canada based on number of companies invested.

Here are some top investors in Manufacturing Services companies in Canada

Investor	Top Portfolio Companies
AIAC	Canadian Kraft Paper
Plug and Play Tech Center	Kanin Energy
ATS Automation Tooling System	Symphoni
BDC	Acuva Technologies, Giatec Scientific, Eigen, NP Aerospace
Canadian Space Agency	Acuva Technologies, Giatec Scientific, Eigen, Accelovant

See a more detailed list of investors

In the year 2025, till June 2025, 9 acquisitions happened in Manufacturing Services sector in Canada. Last year, in 2024, a total of 41 acquisitions happened in Manufacturing Services sector in Canada.

Here are some recent, important acquisitions in Manufacturing Services sector in Canada

Company	Acquisition Type	Acquisition Date	Acquirers
Area52	Business Acquisition	Jun 02, 2025	Fortifi Food Processing Solutions
Novatech	Business Acquisition	Apr 01, 2025	Addtech
Imtek	Business Acquisition	Feb 27, 2025	Kearney
Kobelt	Business Acquisition	Feb 18, 2025	Twin Disc
Rent All Centre	Business Acquisition	Feb 05, 2025	Cooper Equipment Rentals

See a more detailed list of acquisitions

Acquisition trends in Manufacturing Services sector in Canada

Here are the acquisition trends in Manufacturing Services sector in Canada:

Total Number of Acquisitions

Year	Number of companies acquisition
2025	8
2024	41
2023	50
2022	55
2021	35
2020	22
2019	20
2018	38
2017	30
2016	24

In the year 2024, till July 2024, 1 IPO happened in Manufacturing Services sector in Canada.

Here are some recent, important IPOs in Manufacturing Services sector in Canada

Investor	IPO Date	Exchange Symbol
Apexcriticalmetals	Jul 04, 2024	Frankfurt Stock Exchange (FRA)
Apexcriticalmetals	Mar 15, 2023	Canadian Securities Exchange (CSE)
Molten Metals	Aug 08, 2022	Canadian Securities Exchange (CSE)
Canadian Copper	Jul 26, 2022	Canadian Securities Exchange (CSE)
ABC Technologies	Feb 19, 2021	Toronto Stock Exchange (TSX)

See a more detailed list of IPOs

Companies founded by alumni from top colleges in the Manufacturing Services in Canada

Most number of Manufacturing Services startups in Canada have been founded by alumni from University of Waterloo, The University of British Columbia and University of Toronto.

College	No of companies
University of Waterloo	3
The University of British Columbia	2
University of Toronto	2
Columbia University	1
IIT Kanpur	1
IIT Roorkee	1
Imperial College London	1
Technion Israel Institute Technology	1

Total funding in Manufacturing Services companies founded by alumni from top colleges in Canada

In the last 10 years, IIT Kanpur graduates' Manufacturing Services companies in Canada have raised the most funding among top colleges. Columbia University alumni are second, and The University of British Columbia alumni are third.

College	Total Funding
IIT Kanpur	$10.4M
Columbia University	$2.35M
The University of British Columbia	$1.2M
University of Waterloo	$635K
IIT Roorkee	-
Imperial College London	-
Technion Israel Institute Technology	-
University of Toronto	-