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BC Tech Companies Raise $2.3 Billion in Over Forty $5 Million+ Financing Deals in 2022, Top 10 Deals Bring in $1.6 Billion
Tuesday, January 3, 2023
Vancouver, BC, January 3, 2023--(T-Net)--BC technology companies raised over $2.3 billion in new financing rounds in 2022, which is respectable in a slower year, but still down sharply from the record setting $9.2 billion raised in the prior year.
The top 10 BC tech company financings in 2022 have raised a total $1.64 billion, for an average of approximately $165 million per deal (with the largest transaction at $431.5 million, and the smallest in this grouping at $75.5 million).
The strongest and fastest growing BC tech companies continue to raise increasingly large financing rounds, relative to earlier years.
25 BC tech companies raised new financing rounds in excess of $20 million each over the past 12 months in 2022, and at least 40 companies that T-Net is aware of have raised financing rounds in excess of $5 million over the past year.
T-Net reported on over 57 tech financing rounds this year for companies who raised a total of over $2.31 billion, for an average financing round of approxiately $45 million (with 6 of these companies reporting "undisclosed financing amounts").
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Statistics show that strong companies and management teams have continued to be able to raise financing throughout 2022 (right through December), even in a rising rate environment, and a number of analysts have said publicly that they expect an overall improvement for capital raising in H2 2023.
Here are the top 10 BC tech industry financings reported on by T-Net over the past 12 months:
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Financing Amount: $431.47 Million CAD ($340 Million USD) |
Burnaby, BC, January 3, 2023--D-Wave, a Global Leader in Quantum Computing Systems, Software, & Services Announces Plans to Bring Commercial Quantum Computing to Public Markets Via Transaction with DPCM Capital, Inc.Quantum Computing Company D-Wave Systems to Go Public and Raise Up to U.S. $340 Million in SPAC Transaction |
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Financing Amount: $94.47 Million CAD ($70 Million USD) |
Vancouver, BC, January 3, 2023--Vancouver-based Ostara announced that it has raised $96 million (US$70 million) in Series C funding to increase production of its Crystal Green® line of highly efficient, plant-available, granular phosphate fertilizers for agriculture, specialty, and turf markets. |
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Editor's Note: If we have missed anyone in this list, please email us at technews@bctechnology.com and we will update. ---------------------------------------------------------------------- Note: If you would like to receive a custom report of all of the Top 50 Financings Completed by BC Tech Companies in 2022 (ranked by size of financing amounts completed, and with substantial details on each financing), and/or subscribe to T-Net's private automated 'BC Tech Financing Alert' paid service (receive real time daily alerts by text or email), please contact us . ---------------------------------------------------------------------- |
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Disclaimer: News and information regarding financings and companies on T-Net is subject to continual change without notice and possible errors and/or omissions. Information within this news release regarding recent financing activity in BC is of a general nature intended only for informal informational purposes, and such information should not be relied upon under any circumstances.
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