Canada’s venture market isn’t immune from the global market downturn, but unlike the U.S. — where everything seems increasingly bleak — there are quite a few bright spots in Canada’s ecosystem this year.
Data from the Canadian Venture Capital and Private Equity Association (CVCA) found that C$7.2 billion ($5.28 billion) was invested across 520 deals in the country through the third quarter of this year. This compares to C$15 billion deployed through 786 deals in 2021 (more on Canada’s last year here). Through Q3, the Canadian market had already surpassed its 2020 numbers. It’s also worth noting that, unlike in the U.S., the fourth quarter is not the slowest investment period each year in Canada.
A lot of recent Canadian venture investment has been concentrated in the early stages. So far this year, 88% of the known venture deals in Canada were seed or early stage, compared to 67% in the U.S., according to PitchBook.
CVCA’s manager of research an …
