Amid economic turmoil, Canadian startups faced a tough year. Venture capital deals in Canada nosedived by 71% in Q1 due to higher interest rates and Silicon Valley Bank’s collapse.
Numerous firms halted operations and made layoffs. But adversity fuels innovation.
AI startups thrived globally, attracting substantial capital for generative AI integration. Healthcare and fintech also flourished, sparking a venture capital resurgence in Q2.
LinkedIn’s 6th annual Top Startups list highlights 15 Canadian companies rising to the occasion, innovating and gaining attention in 2024.
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