Report: The Current State of Seed Investing in Canada
This report offers a comprehensive analysis of the seed and pre-seed venture capital funding landscape in Canada, focusing on key trends across provinces, deal sizes, foreign investor participation, and top-performing verticals like AI, Web 3, and SaaS. It provides year-over-year and quarter-over-quarter insights, comparing Canada's seed investment activity with global trends. The report is a valuable resource for understanding venture investment dynamics at the earliest stages in Canada's startup ecosystem for 2024, providing detailed context on the evolving focus and funding environment.
Key Findings: First Half 2024
VC: The first half of 2024 saw nearly $3.6B invested across 279 deals
In Q2, investment activity increased by 5% in deal volume and 85% in dollars invested from Q1 with $2.4B invested across 143 deals.
PE: H1 2024 saw a total of 326 deals and $8.3B raised
Total deal count is on par with 2023, while total deal value is expected to surpass last year's figures, with average deal sizes increasing by nearly $10M this year.
VC debt reached $219M from 20 transactions
This reflects a 7% increase in dollars invested compared with H1 2023.
PE: H1 2024 witnessed a significant surge in buyout and add-on investment activity
CAD $5.6B raised from 87 deals
