Why Axis

Hot sectors, big exits and IPO bumps: The winners of Canadian venture capital in 2020

Like so many things in 2020, Canadian venture capital activity didn’t pan out as expected. 

When lockdowns swept the country in mid-March, venture-backed companies braced for investors to lock their coffers. Instead, government programs designed to buoy the economy helped push local capital into private Canadian firms at record levels—at least initially. By mid-year, private spending began to slow, falling 11 per cent below 2019 levels in the first nine months of 2020. Meanwhile, south of the border, an onslaught of tech companies were reaching record valuations or listing on public exchanges, offering sky-high returns—including for some Canadian investors. 

Here’s a look at the highlights for Canadian VCs amid the chaos of 2020. 

    Join now to start reading premium, award-winning journalism.

    By entering your e-mail you consent to receiving commercial electronic messages from The Logic Inc. containing news, updates, offers or promotions about The Logic Inc.’s products and services. You can withdraw your consent at anytime. Please refer to our privacy policy or contact us for more details.

    In-depth, agenda-setting reporting

    Great journalism delivered straight to your inbox.

    Briefing

    Court orders crypto hedge fund Three Arrows Capital to liquidate

    Quebec plans $325M provincial data cloud

    U.S. FCC commissioner calls for Apple, Google to drop TikTok from app stores

    Best business newsletter in Canada

    Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.

    Exclusive events

    See the bigger picture with reporters and industry experts in subscriber-exclusive events.

    Membership in The Logic Council

    Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.

    Canada's most influential executives and policymakers are reading The Logic

    • CPP Investments
    • Sun Life Financial
    • C100
    • Amazon
    • Telus
    • Mastercard
    • bdc
    • Shopify
    • Rogers
    • RBC
    • General Motors
    • MaRS
    • Government of Canada
    • Uber
    • Loblaw Companies Limited