We track investment in the above categories (fintech alone has seen 5 quarters in a row of over 10 deals) as well as funding, investor, and geo trends.
Toronto is the main Canadian hub, but Vancouver and Montreal are important centers as well, as seen below.
Some other interesting stats that emerge on this market:
This is a highly internationalized market: investors from outside Canada account for anywhere from two-fifths to nearly half of investments (depending on company stage).
Canada is seeing a nice bubbling up of newer companies recently, judging from the very high seed-stage deal share in Q1 (52%) and Q2 (46%).
VC firms aren’t the only players, by any means. Corporations and their corporate venture capital groups are participating in 27% of the deals.
Download our report for more trends and insights on this market, as well as our methodology.
BUT WAIT, THERE’S MORE
With open arms
Open-source software is one of the oldest and most collaborative methods of software development, and it’s become even more popular over the last 20 years.
The industry is expected to surpass $17B this year, and hit nearly $33B by 2022. We break down what open-source software is, how it works, and what the future has in store.
The healthcare unicorn club is growing, with 3 healthcare startups reaching $1B+ valuations so far in 2019.
From wearables to therapeutics to insurance, we mapped out 30+ unicorn companies providing solutions across the healthcare industry. See them all here.
CLIENT-EXCLUSIVE RESEARCH
Clean it up
The top 5 oil & gas venture arms are on track to participate in $1B+ worth of deals by the end of this year.
Most of this year’s deals have focused on clean technology and environmental sustainability.
+4: This week, 4 companies reached $1B+ valuations and became unicorns. AI-powered selfie company Lightricks, project management platform Monday, enterprise machine learning company DataRobot, and Australia-based lender Judo Capital brought the world’s unicorn number up to 381. Take a look at their combined $1T+ value using our real-time tracker.
$117B: Alphabet has overtaken Apple as the company with the biggest cash reserves. The Google parent company now has $117B, $15B more than Apple’s current hoard. Apple has been reducing its cash pile by returning money to investors, since it reached a peak of $163B in 2017. Check out Google’s biggest acquisitions to see how the company has spent money in the past.
$6.4B: New York-based real estate tech company Compass raised $370M in financing at a valuation of $6.4B. The company’s total disclosed funding now stands at just over $1.5B. Compass is reportedly looking to boost expansion efforts as it prepares for a potential IPO in the coming year or so.
$27B: The London Stock Exchange has agreed on a $27B deal to buy financial data analytics company Refinitiv. If approved, the acquisition would create a financial markets data giant that could rival US-based Bloomberg. We dig into how the Bloomberg Terminal is being disrupted here.
$800M: The US Food and Drug Administration approved the ingredient that alternative protein maker Impossible Foods uses to mimic bleeding in its plant-derived burgers — paving the way for its products to be sold in US stores. Impossible Foods has raised over $800M in disclosed funding and is going head-to-head with recently public rival Beyond Meat, which has seen its shares increase in value more than 6x since its IPO in May. For more on the growing alternative-protein trend check out our Meatless Future report.
140,000: Capital One announced a hacker compromised the data of over 106M of the bank’s customers, exposing around 140,000 Social Security numbers and 80,000 bank account numbers. For the most important emerging trends in cybersecurity, check out our latest NExTT framework.
73 light years: A “Super Earth” planet has been discovered in a star system about 73 light years away, according to a paper published in Nature Astronomy. The researchers also found 2 gaseous planets in the same vicinity, adding to the growing list of planets discovered beyond our solar system.
One More Thing
Source: BBC
Volunteers in Ethiopia planted over 350M trees in a single day this week in a project led by Prime Minister Abiy Ahmed.
Officials believe this is a new world record.
Ethiopia’s forest coverage dropped from 35% of the country’s total land in the early 20th century to just above 4% in the 2000s.
Prime Minister Ahmed’s project, called the Green Legacy Initiative, is taking place in 1,000 areas across the country. The goal is to plant 4B indigenous trees.
All the data in this newsletter comes from CB Insights.
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