Y Combinator is no longer investing in Canadian startups, forcing firms that want to join the Silicon Valley accelerator to reincorporate, likely in the United States.

YC now only backs firms registered in the U.S., Cayman Islands or Singapore, according to its standard deal terms.

Canada was previously listed as an acceptable jurisdiction, but was removed in November 2025. A similar change was made to YC’s frequently asked questions page.

YC had previously backed Canadian-incorporated startups since at least its winter 2008 cohort.

Shopify salespeople exaggerated the value of deals they were closing in an apparent attempt to earn more commission, The Logic has learned. The sales fraud, which lasted more than a year, sparked an internal investigation that led to layoffs and a warning to staff who had faked sales numbers to own up or risk being found out and punished more severely, according to former staff and internal messages.