Osler has released its Deal Points Report: Venture Capital Financings 2024, analyzing 160 preferred share financings totalling US$3.73 billion. Covering 646 deals since 2020, the report reveals early-stage rounds comprised 76.3% of 2024 financings but only 22.7% of invested dollars.
Series B deals rose, while Series C and later-stage rounds—just 12% of deals—accounted for 54.6% of capital due to mega-rounds. AI and IT companies represented 41.2% of deals and over a quarter of total capital. Ontario, B.C., and Québec dominated activity, while Alberta posted growth, capturing 12.5% of deals.
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