#WeTheNorth — Canada quietly closes the gap with Silicon Valley in 2020

“Canada experienced ten years of unprecedented growth in its technology ecosystem, closed out by a record-shattering 2019. The past five years have seen sustained year-over-year growth in venture capital (VC) investment into Canadian technology companies on all metrics: total dollars invested, the number of deals, and average deal doubling in size.”

“As the world shifts from “growth at all costs” to “path to profitability” and a focus on metrics, the Canadian companies and entrepreneurs forced to do more with less should easily transform into by-the-numbers’ superior companies. Proximity matters less and less as a result of COVID; Canadian companies should now feel emboldened. To be sure, COVID has caused dislocation and the need to rethink value propositions, but we are still in the early innings of global digitization. It is essential our entrepreneurs continue to tackle difficult problems, think globally and leverage Canada’s powers of attraction as it relates to immigration and culture. We are poised to succeed.” David Rozin Vice President and Head, Technology and Innovation Banking, Scotiabank

“Investments from top-tier U.S. funds are no longer an anomaly in Canada - many of the best VC firms like Accel, Bessemer, a16z, GGV in the U.S. (to name a few) and the top corporate VCs have now made Canadian investments and have an appetite for more. And we’re seeing more US-based LPs investing into Canadian VC and growth equity firms.” Win Bear, Head of Business Development Canada, Silicon Valley Bank

Anthony Lee & Chris Albinson Co-Founders of C100 — San Francisco Skate’n Talk

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store