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PwC MoneyTree™ Canada H2 2019

The go-to source for venture capital and high growth startups

The PwC/CB Insights MoneyTree report contains updates on the Canadian venture capital and high-growth startups ecosystem. Previously released on a quarterly basis, this inaugural half-year coverage of the report provides you with a greater purview of the trends taking place as it relates to Canadian venture capital investment and deal activity. A staple of the financial community, amongst entrepreneurs, government policymakers and the business press worldwide, download the latest report covering H2 2019.

“Canadian venture-backed companies saw another robust year of record funding, driven by a strong second-half to close off the year. While total deal count did decline, median-deal size has risen by 13%, indicating a healthy and scaling ecosystem. Canada has stood out amongst its global peers as investors continue to recognize the value of Canadian innovation.”

Sabrina Fitzgerald, National Technology Sector Leader, Capital Region Managing Partner


While funding was up 16% compared to the previous year, deal activity was down 11%


As the top Canadian market, Toronto funding reached $1.3B for the second year in a row. The deal count of 175 was only 5 below the number of deals in 2018.




In 2019, seed- and early-stage rounds continued to make up the majority of investments

Contact us

Sabrina Fitzgerald

Sabrina Fitzgerald

National Private Leader and National Capital Region Leader, PwC Canada

Tel: +1 613 898 2113

Eugene Bomba

Eugene Bomba

Partner, Technology Sector, PwC Canada

Tel: +1 416 687 8231

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