U.S. investors accounted for 52.8 per cent of funding in Canadian tech companies in the first quarter of 2019, according to a report from CPE Media, a private capital and public markets intelligence firm. Canadian investors contributed 39.2 per cent. (The Logic)

Talking point: In January, venture capitalists told me U.S. funds were becoming more interested in Canadian companies, which are increasingly achieving a scale that requires larger cheques. Several Canadian VC firms have raised large funds recently—including iNovia’s $600-million close in February—but there’s still far more money in the U.S., where limited partners committed US$56 billion to 256 venture funds in 2018. This is another report confirming the growing trend of foreign participation in Canadian venture capital deals. U.S. investors were the second-largest group in Canadian deals in 2018, according to PwC and CB Insights’ quarterly MoneyTree report on venture capital.