Pandemic stalled growth at Canada’s most promising tech firms, analysis shows

    A Ritual sign at Milk Bar in New York. Ritual | Instagram

    Funding has plummeted and hiring stalled at Canada’s top private tech firms since mid-March compared to the same period in 2019, as the COVID-19 pandemic roils all sectors of the economy. 

    An analysis provided to The Logic by the Narwhal Project, which studies high-growth private tech firms in Canada, found a 25 per cent drop in funding across private tech companies for the period of March 15 to July 28 compared to a year earlier.

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