Fading 2023 VC performance underscores Canadian tech’s “vulnerability,” BDC reports
Down rounds rose from seven percent in 2022 to 31 percent last year.
Reports
Q1 Canadian VC funding posts mixed results as PE market rebounds, CVCA reports
Pre-seed, seed-stage VC funding declines as late-stage investment continues descent.
Report: Canadian corporate venture capital funding is dismal compared to the United States
Six percent of Canada’s largest companies participated in a deal compared to 40 percent in the US.
Report: Canada must close its talent gap or risk falling behind in the AI race
Almost half of Canadian orgs feel their staff are not prepared to use AI.
Deal volume in Canada’s FinTech sector fell by 50 percent in 2023
2024 will be “pivotal” as FinTech startups approach the end of their runway.
Inovia report indicates Canadian software sector is returning to normal
Canadian VC funding bounced back from an annual decline in Q4 2023 more aggressively than other countries.
Eavor, Ionomr Innovations, Summit Nanotech among 13 Canadian companies named to 2024 Global Cleantech 100
Seven of the 13 Canadian cleantech companies hail from British Columbia.
Generative AI use in the workplace is growing unchecked, new Salesforce survey finds
Only 13 percent of Canadian respondents said their workplace has clearly defined generative AI rules.
SMEs that reduce their carbon footprint perform better than those who don’t: BDC report
SMEs recoup investments in 16 months, but 32 percent of those surveyed don’t plan on taking action.
Vancouver, Toronto-Waterloo, Calgary among the top 50 global cleantech ecosystems
Atlantic Canada ranks third in top North American oceantech startup ecosystems.
Shopify merchants set $9.3-billion sales record over Black Friday, Cyber Monday
Over 61 million consumers globally made purchases from Shopify sellers.
Canadian SaaS investment rebounded in 2023, reaching nearly $7 billion
L-SPARK’s report identified 20 SaaS deals valued at $50 million or more.
Q3 2023 marked a three-year low for venture deal volume in Canada
VC investment fell 60 percent quarter-over-quarter, while seed-stage funding remained “robust.”
These three Fast 500 companies are hiring software engineers in Canada
The Fast 500 lists North America’s fastest growing tech companies… and many are hiring.
Report: Diversity gap persists in senior ranks of Canadian VC firms
BDC Capital data shows almost half of venture firms are entirely male owned.