Incubella Publishes Research on the 2022 Canadian Web3 Landscape

Incubella | Nov 30, 2022

Canadian Web3 landscape 2022 - Incubella Publishes Research on the 2022 Canadian Web3 Landscape

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Every year, Canadian Web3 companies continue to attract private investment, mostly from post-seed funding as the brightest ideas charge towards Unicorn status. Of the total $4 Billion CAD invested to-date in Canadian Web3 companies, the largest single private investment was Dapper Labs’ $305M USD Series C.

There are currently 5 Canadian Web3 Unicorns, Axelar, Blockstream, Dapper Labs, Figment, & LayerZero Labs. The fastest to achieve Unicorn status is LayerZero Labs, founded in early 2021 and crossed the $1 billion USD valuation mark just over one year later after raising $135 million USD in March of 2022.

See:  McKinsey: Beyond the Hype of Web3. Potential and Challenges

Who is incubella?  As proven leaders in the Canadian web3 and blockchain space, Incubella is a startup incubator specialised in marketing, growing and developing projects built on blockchain in the Web3 ecosystem. Headquartered in Montreal, Canada, Incubella’s creatives have extensive experience building and executing growth marketing strategies for promising NFT, DeFi, Metaverse, and P2E (Play to Earn) gaming startups.

Incubella’s complete report of the Canadian Web3 ecosystem is available to read here.

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NCFA Jan 2018 resize - Incubella Publishes Research on the 2022 Canadian Web3 LandscapeThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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