CVCA CEO: “it signals an extremely healthy ecosystem.”| BetaKit
Already one of Canada’s highest-valued technology startups, Burnaby, BC-based legaltech company Clio claims its new Series F round makes it the most valuable cloud legaltech firm in the world.| BetaKit
Per BDC Capital’s latest Canadian VC landscape report, which was released today, 2023 saw softening returns amid a proliferation of down rounds and markdowns for Canadian technology firms.| BetaKit
The Business Development Bank of Canada (BDC) has reported a significant loss in value for its venture capital portfolio in its latest annual report.| BetaKit
Industry leaders BetaKit spoke with at Startupfest expect more turnover and fundraising challenges across the board, especially for emerging fund managers.| BetaKit
Toronto and Montréal-based CMD Capital has halted fundraising and paused its operations indefinitely after failing to secure anchor institutional investors for its first VC fund, BetaKit has learned.| BetaKit
Canadian VC saw $7.86 billion invested across 592 deals in 2024, per the CVCA, buoyed by later-stage megadeals while seed funding struggled.| BetaKit
Investment bank’s Growth Venture Fund will now directly invest in Canadian tech companies.| BetaKit