Venture capital in Canada may be seeing signs of a revival, with Q2 2024 investments reaching US$1.3 billion, up from US$800 million in Q1, according to Pitchbook data. This marks an improvement, although still below previous years’ levels. Key factors mentioned include the Bank of Canada’s interest rate cuts and a high-quality startup pipeline. Meanwhile, investors are reporting stronger startups with clearer profitability paths. AI, electric vehicles, and cleantech are among the sectors attracting significant funding.
Despite challenges, there’s optimism for future growth, the data suggests. “We’re starting to see signs of success,” Panache Ventures managing partner Patrick Lor informed The Logic.
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