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Ecosystem Name sees its lowest quarter in number of reported deals

Yearly Perspective           

So far in , and .

Also of note, there are 21 companies in Waterloo Region who have not reached Series A in 18 months after their Seed round (beginning in 2019, who did not go out of business). This equates to 66% of all Waterloo Region's Seed stage companies. If we compare this percentage to other ecosystems across Canada: Quebec has 44% of its Seed companies that have not reached Series A in 18 Months, BC has 32%, Toronto has 28% and Alberta has 26%.

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 .

Deal Categories           

Distribution - Funds & Deals           

Top Series A+ Deals           

Top Pre-Seed/Seed Deals           

People On The Move

Brought to you by Artemis Canada - Executive Search for Canada's Innovation Economy.


  • Jennifer Paxton joins as VP People
  • Jordan Fox joins Skywatch as their new Senior Sales Director
  • Bart Pirowar is now Head of Product at DarwinAI
  • Peter Berczi joins MarshallZehr Group as CEO
  • Shaun Cawley joins Clearco as their Director of Talent
  • Rob Khazzam, former head of Uber Canada has joined FinTech startup Float as CEO
  • April Clark now VP People and Culture @ Skywatch
  • Eran Ben-Ari joins BenchSci as Chief Platform Officer
  • Sean Erjavec has joined Viafoura as SVP Revenue after successfully leading revenue growth and strategy at Bridgit
  • Ryan D'Souza now CRO at Shop-Ware
  • Chris Bondhus is now VP Marketing at Igloo
  • Evan Clark is now Executive Director at GTAN - Golden Triangle Angel Network
  • Harrison Levy is no the Director, Product Marketing at Resolver
  • Davis Neable is now Director of UX at Humi
  • Steven Woods, former Google Canada Engineering Lead joins Inovia as a Partner and CTO
  • Pam Martin, former Director of Customer Success at Sortable joins PointClickCare as Director, Digital Customer Success
  • Tanzina Alam previously at Saage joins Shopify as Global Head of Go to Market
  • Chris Inch, former Senior Software Development Manager at Shopify joins Wealthsimple as their new Director of Engineering
  • Rahul Khanna is the new Sr Director of Product Management at SSENSE
  • Jason Karsh is now CMO at Rewind
  • Martin Piszel joins Coinsquare as CEO


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