CB Insights: Canadian seed deals are growing

Canadian money
If you are post product-market fit and have traction, I think the ideal syndicate includes both a VC and a group of angels and/or seed fund in your financing round.

Venture capital analytics platform CB Insights has published a new blog post with a Canadian focus, this time tackling the state of Canadian seed funding. Analyzing Canadian venture funding deals in 2014, CB noted that median deal size reached $2 million in Q4 2014, more than double the median amount to start off the year.

Canadian seed deals 2014

While encouraging, the numbers don’t jive with the current narrative of Canadian funding, as many entrepreneurs have noted to BetaKit the difficulty in raising seed rounds. Perhaps Canadian VCs are holding their purse strings tight, preferring to commit more dollars to fewer deals.

CB also stated that while seed deals have increased on average, Series A deals have decreased the past two quarters to sit at a median size of $3.5 million in Q4 2014. 2014 also saw a recent low in median deal size, as Q1 dropped below the $3 million line.

Canadian Series A deals 2014

Douglas Soltys

Douglas Soltys

Douglas Soltys is the Editor-in-Chief of BetaKit and founder of BetaKit Incorporated. He has worked for a few failed companies and written about many more. He spends too much time on the Internet.

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