CPE Analytics, the data analytic division of CPE Media Inc. has released its 2019 Canadian Venture Capital Report. Canadian venture capital (VC) disbursements reached a historical high in 2019 with 642 financings for $7.263 billion (excluding Verafin financing which is not a VC deal -secondary transaction and secured senior debt are not RISK (venture) capital).
CPE Analytics is Canada’s only data provider that actively tracks and provides information on sources of Canadian venture capital funding, which is a fundamental to understanding the Canadian venture capital ecosystem.
Summary of findings
- 26 large deals with deal value of $50 million or more attracted $3,418 million or 47% of the total disbursements.
- Ontario and Quebec led all provinces with $2,812 million (39%) and $2,116 million (29%) respectively.
- Three billion-dollar cities: Toronto – $2,027 million (28%), Montreal – $1,588 milion (22%), Vancouver – $1,475 million (20%).
- ICT and biotech companies raised $4,020 million (55%) and $1,594 million (22%) respectively.
- Canadian companies secured funding from investors from 45 countries or regions or overseas territories.
- US investors – $3,321 million (46%), Canadian investors – $3,261 million (45%), European investors – $320 million (4%), Asian investors – $312 million (4%), all others – $48 million (1%).
Top five investor types: Private VC funds – $2,180 million (43%); Corporate – $936 million (18%); Family Offices – $491 million (10%); Angels – $293 million (6%) and Government – $289 million (6%). - Top five individual sub types: US Private VC – $1,615 million (32%); Canadian Private VC – $466 million (9%); US Corporate – $407 million (8%); Canadian Institutional VC – $408 million (8%); Canadian Government – $288 million (6%).
Full 2019 report can be downloaded at