Canada's startup market has hit 'bottom,' VC firm's research says

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Prashant Matta News

Tech Startups,Demand Side,Canada

Data from Panache Ventures suggest a little over 800 technology and software startups were launched in Canada in the first half of 2024, an increase from the...

Panache Ventures' data on startups coming to the market is “demand side” — and therefore a potential predictor of future demand for VC investment. Venture funding for early-stage Canadian startups is finally set to leave a dismal period behind, according to new data gathered by early-stage funder Panache Ventures.“a market bottom” for the investment space, which saw grim investment numbers for the first half of 2024, especially when compared with COVID-era venture capital activity.

Panache says it has been using artificial intelligence to comb through information on the web for signs of new startups emerging in Canada. Matta writes that where most VC data are “supply side,” counting the number of investments and the size of deals, the Panache data on startups coming to the market are “demand side” — and therefore a potential predictor of future demand for VC investment.

“I would caution that there are some headwinds in terms of public policy that the government has put out that is going to make it hard for our market to rebound as quickly as the U.S.,” he said. “What does the first half of 2025 look like? Because if things haven't started to bounce back, then I would be concerned. But I do think the market tends to stagger between extremes. It pulls back, it kind of recoils quite strongly, and then it slowly tries to go back to a more regular cadence.”Spotify expands AI Playlist feature to new markets including US, Canada

New York, New York, Sept. 24, 2024 -- TMT Acquisition Corp announced today that the Company’s Extraordinary General Meeting of Shareholders was convened on September 24, 2024 at 10:00 a.m. Eastern Time and adjourned in order to solicit additional votes on the matters listed in the notice of extraordinary general meeting and the proxy statement.

 

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