Report: Québec VC funding continues downward spiral in Q3 2024, but shows early-stage promise
The province has not recorded a growth-stage investment since Q2 2022.
The province has not recorded a growth-stage investment since Q2 2022.
Late-stage funding also faltered, accounting for a record low 21 percent of total investment dollars in Canada.
Plus: Paper loses another co-founder and Teralys targets $570-million fund-of-funds.
Panache Ventures general partner Prashant Matta suggest founders and investors must get back to playing offence.
Fifty-eight percent of the region’s 787 tech companies have already reached profitability.
In Canada, only 35 percent of organizations say AI is ‘widely implemented.’
Province says it’s on track to triple the number of tech workers by 2030.
Plus: How dependent is Québec tech on public funding?
Réseau Capital analysis reveals that only a handful of managers can successfully attract private funding.
CVCA report says PE stays hot as public Canadian tech firms keep going private.
Despite a pool of just 4,000, Canada still represents five percent of the world’s quantum talent.
Down rounds rose from seven percent in 2022 to 31 percent last year.
Pre-seed, seed-stage VC funding declines as late-stage investment continues descent.
Six percent of Canada’s largest companies participated in a deal compared to 40 percent in the US.
Almost half of Canadian orgs feel their staff are not prepared to use AI.