The Canadian Venture Capital and Private Equity Association (CVCA) has entered into a long-term, strategic partnership with Hockeystick, which will now be the official data platform of the CVCA.
Hockeystick will enhance CVCA’s current data platform, InfoBase, and promises to provide better security, improved analytics, and the option to connect Hockeystick’s portfolio management solutions.
“Our partnership with Hockeystick serves as the cornerstone of our continued efforts to be the definitive source of private equity and venture capital activity across Canada,” said Mike Woollatt, CEO of the CVCA. “Through this partnership, we are now in a position to provide our members with an expanded menu of benefits, but we are also in a much stronger position to better incorporate the use of standardized data in our advocacy efforts.”
As CVCA works to advocate for policies that strengthen Canada’s startup ecosystem, the organization says that providing access to accurate data on the state of Canadian private equity and venture capital is essential.
For its part, Hockeystick has been bullish in its mission to provide a common data platform for the Canadian startup ecosystem; in April, the company announced a partnership with the Lazaridis Institute to build a hub for startups, incubators, and accelerators to keep track of all relevant data. The platform was supported with $2.5 million from the Canadian government.
“For Hockeystick, this is an exciting partnership that solidifies our position as Canada’s data authority,” said Raymond Luk, Hockeystick founder and CEO. “The Hockeystick platform now encompasses accelerator, angel, venture capital, private equity and government sources of funding. Working with the CVCA will not only bring huge benefits to the VC industry but will directly benefit the thousands of private companies using Hockeystick today.”
CVCA members will receive a discount on Hockeystick’s full suite of fund portfolio management and analytics tools.