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Ecosystem Name sees large increase in investment funding due to late stage deals

Yearly Perspective           

So far in , and .

While the first half of 2021 is above target for investment, there have been no Series A deals yet. On average it takes a startup 18 months to go from Seed to Series A. At first glance the 2020 Series A data looks to be confirming an uptick based on Seed deals in 2019 but upon looking deeper there are 24 companies who raised Seed capital over 18 months ago and have not yet raised Series A capital. Could the second half of 2021 bring some Series A deals or is there a gap in the ecosystem of companies making it to the next stage?

Quarterly Review           

In , ’s tech ecosystem had investments totaling CAD. saw a in total investment and a in the number of deals compared to last quarter. If you look back to , this quarter has seen the total investment by and the number of deals .

While this is the best funding quarter Waterloo Region has seen, it is due in large part to two deals, Applyboard’s $375M CAD Series D round and Faire's $314M CAD Series F round.

Also of note in Q2 was the Magnet Forensics IPO, the Archangel Network of Funds raise of $10M CAD as well as 2 Private Equity deals in Dejero Labs for $60M CAD and Axonify for $313M CAD.

Deal Categories           

Distribution - Funds & Deals           

Top Series A+ Deals           

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