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Canadian Tech in 100 Words

Pitchbook

Optimism on the Rise as Startup Capital Returns to Canada

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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. 

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

PitchBook Survey Reveals Shifting Investment Landscape at Collision Conference

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In a survey conducted at the Collision conference in Toronto, data provider PitchBook and event organizer Web Summit found that venture capital (VC) activity is declining amid market uncertainties.

With close to 100 global VC investors participating, the survey revealed interesting findings.

Artificial intelligence dominates investor interest at Collision, with nearly three-quarters of respondents indicating they’ve made investments in the space recently. Last year, fintech and blockchain were selected as the technologies with the most disruption potential.

Investors are now reporting some pull back in investment in response to swiftly rising interest rates and economic uncertainty. Over half of investors believe it will become more difficult to raise capital from LPs in the next twelve months

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