Out of the $4.63 billion Canadian VC funding raised by Canadian companies in the first, $2.06 billion came from Canada, $1.80 billion from US investors and $771 million from international investors, accounting for 44%, 39% and 17% of the total amount respectively.
Compared to 2022, the percentage of US and Canadian investors were 45% and 38% respectively.
It is not unexpected that the withdrawal of US investors in the first nine months of 2023 has contributed the dramatic drop in VC funding from that of 2022.
VC funding by provinces, country, and regions
The top six provinces, countries and regions for the first nine months of 2023
- USA – $1,797 million
- Ontario – $903 million
- Quebec – $736 million
- Europe – $483 million
- British Columbia – $340 million
- Asia – $255 million
Funding investors countries/regions (by rank)
Canada – $2,057 million
USA – $1,797 million
United Kingdom (UK) – $143 million
South Korea – $119 million
Japan
Germany
Switzerland
Austria
France
Netherlands
Singapore
Denmark
Hong Kong (HK)
Hungary
Belgium
Cayman Islands
Ireland
Luxembourg
United Arab Emirates (UAE)
Sweden
Australia
Italy
Bahamas
Taiwan
Virgin Islands British (BVI)
Russian Federation
Mexico
Bermuda
Guernsey
Estonia
Norway
Panama
Iceland
China
Spain
Monaco
Poland
Czech Republic
Belize
Morocco
New Zealand
Next in the Series is “Government increases share while private VC share shrinks”
About CPE Analytics/Canadian Financings
CPE Analytics is Canada’s leading all financing intelligence provider. We provide comprehensive, verified, unbiased and unmatched insights and intelligence on VC, private and public financings, initial public offerings (IPOs), M&As, fundraising activities.
We cover all aspects of VC, not limited to but including Canada’s only information on VC firm fundraising, VC funding sources (where all the VC funding came from).
CPE Analytics is the data analytics division of CPE Media & Data Company.