“A new bottom”: Toronto and Waterloo Region venture funding fell short in first quarter of 2023
Toronto’s venture funding dropped 94 percent year-over-year.
VC
BC venture deal volume reached a three-year low in first quarter of 2023
Startups in BC raised $95.1 million through nine deals in Q1 2023.
Canadian venture capital investment in Q1 2023 drops by 82 percent compared to last year
VC saw a sharp decline in both amount invested and number of deals compared to last year.
Diagram Ventures closes $100-million for latest fund as it continues to bet on FinTech
For the first time, Diagram will also invest in companies it doesn’t have a hand in creating.
Brightspark seeks to recreate its “home run” exits of Think Dynamics, Radian6 as it launches $120-million fund
Brightspark Ventures has made an initial close of $60 million towards its target.
The51 closes $30 million of targeted $50-million Food and AgTech Fund
LPs include Farm Credit Canada, Alberta Enterprise Corporation, and National Bank of Canada.
Well Health looks to invest $2.5 million into AI companies developing healthcare solutions
Well aims to make at least 10 investments of at least $250,000 each.
Federal government names six funds to distribute $50 million VCCI life science financing
Pender Ventures, Amplitude Ventures among recipients.
BDC launches $150 million Sustainability fund in revamp of Industrial, Clean and Energy Technology Venture Fund
The Sustainability Venture Fund is set to complement BDC’s $400 million Climate Tech Fund.
Round13 nabs $200 million first close for third fund as co-founders Bruce Croxon, John Eckert step back
Round13’s $150 million growth fund is also in the final stages of closing.
Down rounds in 2022 lower than expected amid reliance on bridge financing: Osler report
More firms rely on bridge financing to extend cash runway as they aim for later, higher valuations.
BetaKit’s most-read March stories show #CDNtech sector struggles continue as government innovation promises continue to lag
SVB’s collapse kicked off a month that included new layoffs, bankruptcies, and AI disruptions.
Was RenoRun abandoned by investors or just another mannequin startup?
Ripple Ventures’ Matt Cohen joins to unpack the complicated spot Canadian startups find themselves in.
High performance computing platform Agnostiq closes $8.22 million CAD seed extension
The startup received $2 million USD in seed funding in 2021.
VCCI-backed Kensington Capital Partners secures $158 million first close for third venture fund
Kensington becomes first VCCI-supported fund of funds to announce it has closed financing.