Canadian VC Deal Count Looks Stellar This Year, Eh?
August 10, 2012
VC investors apparently have loonies and toonies burning holes in their pockets. Canadian companies have already scored a healthy 76 financings this year, surpassing each year except the last and it's only mid-August. Speaking of numbers with some oomph, a total of 381 financings have been completed in Canada since the beginning of 2008, according to the PitchBook Platform. Over the years, early stage deals have remained the most common deal type, but have gradually subsided in relative frequency from 62% of the financings in 2008 to 51% in 2012 to date. Seed financings, on the other hand, have been on a noticeable rise in the last few years, signifying that our northern neighbor is a healthy breeding ground for emerging startups. The seed stage deal count has leapt from a mere 4 deals in 2009 to 21 so far this year. In the first week of August alone, three Canadian startups scored seed rounds: customer advocacy software provider Influitive, online video platform MediaCore and ecommerce platform ShopLocket.
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