Key Findings: Q3-2023

PE: ICT Continues to Outshine Other Sectors

Investment in ICT Showcases the Robust + Mature Nature of Canada's Tech Landscape with CAD $1.2B Invested Across 98 Deals

PE: YTD Q3-2023 Saw 481 Deals + CAD $5.8B Invested

In Q3, Total Dollars Invested Increased 33% QoQ with CAD $2.2B Invested Across 158 Deals

VC: US VC Activity Continues To Follow The Trend of Decline

Q3 Saw the Least Dollars Invested Since Q2 20019 + Lowest Deal Count Since Q4 2016

VC: Exit Activity Picked Back Up in Q3

Q3 Sees the first VC-Backed IPO in 18 Months; 28 Exits Were Completed YTD, raising CAD $6.8B

Robust Pipeline of New Canadian Companies, IPO Comeback, and Activity Normalization Reflect Pre-Pandemic Market Vibrancy