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Canadian Tech in 100 Words

CVCA

Canada’s Top 50 Venture Capital Firms Powering Growth in 2025

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The CVCA’s The 50 (2025) report highlights the top 50 Canadian venture capital (VC) firms driving innovation across sectors like cleantech, life sciences, and artificial intelligence. In 2024, Canadian VCs invested $6.5 billion across 426 deals, marking a significant rebound in venture funding. Ontario, British Columbia, and Quebec dominated activity, reflecting strong regional ecosystems.

Major deals included Clio’s $1.24 billion round, showcasing investor confidence in legal tech. The report underscores Canada’s leadership in sustainable innovation and its growing global influence.

Want to know more? Check out the source code here.

In Canada, Investors ‘Continue to Navigate the Environment Cautiously’: Report

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Venture capital investments in Canada in the first half of 2024 reached $3.6 billion across 279 deals, uplifted by a major boost of dollars invested in Q2, a CVCA report finds. Despite this, overall deal volume sits at its lowest since 2020. Seed investments have particularly struggled, raising concerns about Canada’s future pipeline.

“The second quarter of 2024 continued the momentum we saw earlier in the year,” stated CVCA CEO Kim Furlong. “This performance is driven by investors doubling down on companies with proven track records and strong fundamentals, as they continue to navigate the environment cautiously.”

Want to know more? Check out the source code here.