Despite Canada’s Growth-funding gap, tech will flourish
July 15, 2016
According to a report recently published by Vancouver-based venture capital firm Yaletown Partners, capital supply for tech companies in Canada is both insufficient and inadequately distributed beyond the early stage.
The report, entitled Canada’s Technology Investment Gap: Unlocking the Sector’s Key Growth Opportunity, reviewed more than 20,000 financings over the last decade, as well as 3,000 exits that took place since the year 2000 across Canada and the U.S. It found that gaps in capital supply, particularly in the $5 million to $25 million range of growth-stage financings, caused Canadian tech companies to scale more slowly, take longer to exit, and achieve smaller outcomes than their U.S. technology peers.
Author: Caitlin Cheadle
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