News | Canadian tech firms are getting funded, but gaps remain

Canadian tech firms are getting funded, but gaps remain

February 9, 2015

The Financial Post article by Danny Bradbury captures it well: “Things are looking up for venture capital funding in the tech industry but in the middle [of a venture’s development from startup to exit] is a chasm that needs more cash input.”

Yaletown shares the perspective offered by Tom Houston from the Canadian Advanced Technology Alliance (CATA), and Bill Tam, president and chief executive of the British Columbia Technology Industry Association (BCTIA). Mr. Houston warned, “there are still spotty areas for venture capital in the Canadian tech sector, particularly in mid-stage funding.” And Mr. Tam commented that,“B.C. has seen some of its strongest years in terms of late stage venture capital but we’ve seen worrying signs in the decline of early stage venture capital. Much of this is directly linked to the number of VC funds.”