Diligence memo · auto-generated · as of July 2, 2026
Air Canada
Air Canada has raised $25M over 2 rounds; too few niche peers to rank its valuation yet.
Businessfiled
Air Canada operates in air transport, based in Montreal, Canada. Canadian company, based in Montreal. Sector: air transport.
Sub-sector tags: air transport.
Capital & rounds (filed)filed
Air Canada has raised $25M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Most recent recorded round closed around 2015-12-14.
Valuation (modeled)modeled
Provath models Air Canada at approximately $83M (range $13M–$321M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Too few comparable companies in this niche to rank the valuation fairly yet.
Financing rhythm & timingmixed
Last raise 10.5 yr ago; this sector typically re-raises about every 18 months.
Silent for over 3× the sector's normal cadence.
Comparablesmixed
Capital scale ranks ahead of 100% of air transport peers (1 compared).
Modeled value ranks above 100% of those peers.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.
Sparse peer set — modeled ranks carry wide uncertainty.