Last week, Vancouver-based social media aggregator platform HootSuite raised a $165 million series B round from Insight Venture Partners, Accel Partners, and OMERS Ventures. This was the largest round in Vancouver’s history and accounted for 18% of all venture funding in Vancouver. The second largest round was $77 million in 2009 by cleantech company Ram Power. The following graphs are a snapshot of Vancouver’s VC history:
In 2008, $37 million was invested in Vancouver, which has steadily increased to $97 million by the first half of 2013 (excluding HootSuite’s recent round). A steady growth in deals has also been seen, with a relatively consistent median venture capital raised:
In 2013, Vancouver is currently ranked 26th for total venture funding with $296 million. The SF Bay is first with $9.8 billion and New York second with $5.2 billion. While writing this post, PitchBook’s Newsletter arrived in my inbox with the following article. I was a little slow, but since I love comparing CrunchBase’s dataset, it was too perfect.
Check out an excel of Canada’s funding data here (Note: It is all-time and not month specific, can be filtered)
Remember, CrunchBase is the free database of technology companies, people, and investors that anyone can edit. The funding rounds, people profiles and company milestones are powered by our readers. Everyone benefits when you update your profile and your company’s milestones. CrunchBase data powers TechCrunch and many other websites plus it’s used behind the scenes by hundreds of investment firms and corporate development teams. If you are having trouble editing CrunchBase or find an error, just drop us a note at firstname.lastname@example.org.