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Canada’s VCs anticipate a drop in early-stage startup funding

Canada’s venture capital community is anticipating a plunge in new deals as investors focus on minimizing the damage to their portfolio companies amid the COVID-19 pandemic. 

In a letter sent Thursday night to Small Business Minister Mary Ng, the Canadian Venture Capital and Private Equity Association (CVCA) warned of “prolonged fundraising timelines and the inability to start deploying capital into the market, resulting in a severely constrained flow of capital into the Canadian innovation ecosystem.” 

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