VC in BC: 24 deals worth $175M in Q1

Plus, the search for $3 million in investment opportunities

👋 Good morning, and welcome to (or welcome back to) VTJ’s Sunday Briefing: your weekly digest of the city’s innovation news, deals, insights, and more.

The Canadian Venture Capital & Private Equity Association released Q1 VC numbers last week and the story they tell is telling: “In Q12024, VC investments totaled CAD $1.3B across 128 deals, matching the investment levels of Q12023, but experiencing a 28% decline in the number of deals, marking the lowest volume since 2021.” However, average deal size is up significantly to $10M. That’s an increase of 47% from Q12023. The trend? Prioritizing quality over quantity.

B.C. had 24 deals with a total dollar value of $175 million. More specifically, Vancouver led in the province, with $72M invested in 18 deals. Visit CVCA’s website for the full report.

Now onto today’s briefing.


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Check out how The HTFG can help, or reach out to Alain, Blair, Kevin or Andre from The HTFG.

The Tech Industry Social hosted by The HTFG & VTJ is coming up on Wednesday, May 29, at FUNK Coffee Bar. Please stop by and enjoy a drink, courtesy of The HTFG. Register here.



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May 25 | Techstars Startup Weekend Vancouver: Do you have a problem to solve or an idea you’d like to bring to life but don't know where to start? Or who to start with? Or do you just want to learn how to build a startup and an entrepreneurial mindset? Startup Weekend is here to help!
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