Canada’s Venture Capital Landscape

Canada’s venture capital industry faced a slowdown in 2022. The median exit value for the year declined and the slump was also reflected in initial public offerings, with no venture capital-backed companies entering the stock market—which had not happened since 2016.

Despite market turmoil, the strong foundation on which Canada’s venture capital ecosystem is built will continue to fuel its growth over the long term. Venture capital investment remains high, both in volume (706 transactions per $10 billion invested) and as a share of GDP (0.48%). Returns for 10-year investors also hit new heights at 14.9%, up slightly from last year.

The report’s 2023 edition highlights key metrics from last year, significant progress that has been made over the past 10 years and the work that remains to be done to maintain this momentum.

You will discover

• Why Canada’s venture capital sector remains attractive to investors both in Canada and abroad.
• The volume of transactions, average deal size, as well as total capital rollout within the Canadian venture capital sector.
• An overview of active venture capital funds in Canada by sector and investment activity.