PRELIMINARY
VC & PE CANADIAN MARKET OVERVIEW
// Q1 2020
VENTURE CAPITAL & PRIVATE EQUITY CANADIAN MARKET OVERVIEW // PRELIMINARY Q1 2020
If you would like to have your firm included in future reports, please contact [email protected]
CVCA thanks the following firms who participated in its Q1 2020 survey.
PARTICIPATING DATA CONTRIBUTORS
7 Gate Ventures
AmorChem Fund
Amplify Capital
Amplitude Ventures
Anges Quebec
Anges Quebec Capital
Arctern Ventures
AVAC Ltd.
BCF Ventures
Brightspark Group
CIBC Innovation Banking
CIC Capital Ventures
Clanton Capital Inc.
Connexus Credit Union
CTI Life Sciences
Cycle Capital Management/EcoFuel
Dash40 Ventures
Emerald Technology Ventures
Espresso Capital Ltd.
Evok Innovations
Ferst Capital
Fight Against Cancer Innovation Trust
First Ascent Ventures
Fonds Innovexport
Framework Ventures
Freycinet Ventures
Good News Ventures
GreenSoil Investments
HIGHLINE
iGan Partners
Information Venture Partners
Innovacorp
inovia Capital
Island Capital Partners
Klass Capital
Luge Capital
Lumira Ventures
MaRS IAF
McRock Capital
Mistral VP
Naventures (National Bank of Canada)
New Brunswick Innovation Foundation
OMERS Ventures
Ontario Capital Growth Corporation
Panache Ventures
Pangaea Ventures
Portag3 Ventures
Quantius
Quark Venture
Radical Ventures
Real Ventures
Relay Ventures
Renewal Funds
Ripple Ventures
Roadmap Capital
Round 13
Ryerson Futures
Sectoral Asset Management Inc.
Tactico Inc.
Tandem Expansion
TandemLaunch
TELUS Ventures
Top Renergy
TVM Life Sciences
V3-Ventures
Vanedge Capital Partners
Venbridge Ltd.
VentureLink Funds
Versant Ventures
White Star Capital
Whitecap Venture Partners
Venture Capital Firms32 Degrees Capital
ARC Financial
Ardenton Capital Corporation
BDC Growth Equity
BDC GTC
BMO Capital Partners
Bond Capital
CAI Capital Partners
Canadian Business Growth Fund
Capital Financière Agricole
Clairvest Group Inc.
Clearspring Capital Partners
First West Capital
Founders Group of Food Compa-nies Inc.
Fulcrum Capital Partners
Highland West Capital
InstarAGF Asset Management
Ironbridge Equity Partners
Kayne Capital
Killick Capital Inc.
m2s Capital
Mink Capital
Mosaic Capital Corporation
Novacap Management Inc.
PenderFund Capital Management
Persistence Capital Partners
PFM Capital Inc
PRIVEQ Capital Funds
Regimen Equity Partners
Seafort Capital
Swander Pace Capital
TriWest Capital Partners
Vistara Capital Partners
Westcap Mgt. Ltd
Western Investment Company of Canada Limited
Private Equity & LSVCC FirmsAlberta Enterprise Corporation
Alberta Teachers’ Retirement Fund (ATRF)
BDC Capital
Bluesky Equities
Caisse de depot et placement du Quebec
Dancap Private Equity Inc
Desjardins Capital
Fondaction
Fonds de solidarite FTQ
HarbourVest Partners (Canada) Ltd
Investissement Quebec
Kensington Capital Partners Ltd.
Northleaf Capital Partners
Ontario Teachers’ Pension Plan (OTPP)
Teralys Capital
Limited Partners
source:
VENTURE CAPITAL & PRIVATE EQUITY CANADIAN MARKET OVERVIEW // PRELIMINARY Q1 2020
QUARTER-OVER-QUARTER VC INVESTMENT ACTIVITY
$0
$250
$500
$750
$1,000
$1,250
$1,500
$1,750
$2,000
$2,250
$2,500
0
20
40
60
80
100
120
140
160
180
200
Q2Q1
$940
$703
Q3
$717
Q4
$839
Q2Q1
$592
$864
Q3
$1,114
Q4
$1,055
Q1
$629
Q2 Q3
$1,070
$710
Q4
$1,268
Q1
$897
$834
Q2
$1,348
Q3 Q1*
$2,399
Q4
$1,496
125 125
145
124
134
104
120 118111
128
143
108
129
116
148
127
161
TOTAL:528 DEALS
$3.2B
TOTAL:453 DEALS
$3.6B
TOTAL:508 DEALS
$3.7B
TOTAL:552 DEALS
$6.1B
TOTAL:125 DEALS
$834M
$ Millions Invested # Deals
2016 2017 2018 2019 2020
*preliminary as of May 1, 2020 (Source: CVCA Intelligence)
source:
VENTURE CAPITAL & PRIVATE EQUITY CANADIAN MARKET OVERVIEW // PRELIMINARY Q1 2020
QUARTER-OVER-QUARTER PE INVESTMENT ACTIVITY
TOTAL:541 DEALS
$13.8B
TOTAL:607 DEALS
$26.3B
TOTAL:590 DEALS
$22.7B
TOTAL:538 DEALS
$18.9B
TOTAL:119 DEALS
$4.5B
2016 2017 2018
$0
$3,000
$4,500
$1,500
$6,000
$9,000
$13,500
$7,500
$12,000
$10,500
$15,000
0
20
40
60
80
100
120
140
160
180
200
Q2Q1 Q3 Q4 Q2Q1 Q3 Q4 Q1 Q2 Q3 Q4
$3,221
$3,370
124
146
133
138
$3,038
$4,17
9
$8.780
114
178163
152 156
162
124 130
160
129
148
$7,491
$4,672
$5.329
$4,535
$6,748
$8,057
119119
$1,977
$5,870
Q1
$1,965
Q2
$2,960
Q3 Q1*
$1,687
Q4
$12,27
4
$ Millions Invested # Deals
2019
*preliminary as of May 1, 2020 (Source: CVCA Intelligence)
2020
source:
VENTURE CAPITAL & PRIVATE EQUITY CANADIAN MARKET OVERVIEW // PRELIMINARY 2019
ABOUT AND CONTACT
About CVCAOUR VISIONA thriving Canadian economy driven by private capital
OUR MISSION CVCA’s mission is to help our members fuel the economy of the future by growing the busi-nesses of today. We do this by supporting and connecting a vibrant private capital industry with advocacy, research, and education.
CVCA is also the nation’s ultimate resource for data on Canadian private capital investments.
Please visit cvca.ca
@CVCACanada CVCA
CVCA - Canadian Venture Capital and Private Equity Association
372 Bay St., Suite 1201 Toronto, ON M5H 2W9
To obtain estimates for additional custom CVCA Intelligence data reports please contact [email protected]
Authorsdarrell pinto vp, research & industry [email protected]
david kornacki associate, research & [email protected]
jon jackson head of [email protected]
Izadella sta. romana marketing & brand [email protected]