From Waterloo to Vancouver, Canadian tech hubs chalked up a number of significant venture rounds in 2013. In fact, the 10 largest venture capital financings in Canada last year took in over $500 million in aggregate funding. While Canadian venture investors participated in a number of the largest fundings, U.S.-based VC firms from Accel to Insight Venture Partners also poured sizable amounts into Canadian startups in 2013.
The largest Canada-based financing deal of 2013 went to Hootsuite whose $165M Series B was larger than all VC funding into the social media monitoring category between Q2’12 and Q1’13. Hootsuite’s mega round was followed by eCommerce enablement platform Shopify’s $100M Series C round, which propelled the firm into an exclusive group of startups valued at $1B or more.
The table below highlights the diversity of industries represented in the largest VC rounds in Canada, which range from eCommerce to renewables to mobile messaging.
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