Booming Canadian Tech Sector Set to Smash Venture Capital Records After 'Ridiculous' Run of Megadeals

Friday, June 25, 2021

Vancouver, BC, June 25, 2021--Canada's burgeoning technology sector is poised to break venture capital funding records for the second consecutive quarter and is on track to surpass the all-time high for a single year, set during the dot-com bubble a generation ago. With the second quarter still days from closing, Canadian companies have raised more than $3.79-billion in venture capital since April 1, according to preliminary data prepared by market data company Refinitiv for The Globe and Mail. That is well ahead of the previous record of $3.2-billion set one quarter ago.