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Meet the most active investors in Canadian startups

Canada is home to some of the biggest startups in the VC ecosystem. These are the 10 most active investors in Canadian startups according to PitchBook data.

Canada has emerged as a major player in the global tech scene. Ecommerce giant Shopify got its start in Ottawa. Cohere, a generative AI competitor to OpenAI, is headquartered in Toronto. Kik, which offers a messaging app, and Hopper, the developer of a travel booking app, are also based in Canada.

VCs invested $8.5 billion across 850 deals in Canadian startups in 2023, a decrease from $9.9 billion invested across 1,313 deals in 2022, according to PitchBook data. But the longer-term trend is sharply up—just three years ago investors pumped only $4.5 billion into Canadian startups.

Here are the 10 most active VC firms investing in Canadian startups, according to PitchBook data.

 

Featured image by Joey Schaffer/PitchBook News

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