While Canada came in seventh place as a country, no Canadian cities ranked among the top 20 most active markets for venture capital activity, according to PitchBook’s updated VC ranking. Toronto was the closest in 26th place, followed by Calgary in 61st and Montreal in 66th. (The Logic)
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While Canada came in seventh place as a country, no Canadian cities ranked among the top 20 most active markets for venture capital activity, according to PitchBook’s updated VC ranking. Toronto was the closest in 26th place, followed by Calgary in 61st and Montreal in 66th. (The Logic)
Talking point: San Francisco dominated the ranking, with US$430 billion in venture capital transactions since 2018. New York, No. 2 on the list, completed just under US$180 billion in venture deals over the same period. Ottawa and Calgary ranked high based on PitchBook’s “growth score”—a measure of how quickly markets are growing. The report described high-growth areas as “largely untapped VC regions” that could move up the overall ranks in the future.
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