Toronto is the hub of the country's venture capital market, a position that reflects the vitality of the business environment and the early stage commercial activity that is concentrated in the city.
Canada's Venture Capital & Private Equity Association
Canada's Venture Capital and Private Equity Association (CVCA) oversees venture capital in Toronto and across the country. The CVCA represents the majority of private equity companies in Canada, with over 1,500 members who have over $65 billion in capital under management. The CVCA is a leading source for advocacy, networking, information and professional development for venture capital and private equity professionals.
In 2013, over $1.9 billion in venture capital investment occurred in Canada, a significant portion of which directly benefits Toronto. Ontario generated $580 million in investment activity in the first nine months of 2014, a 66% increase from the same time in 2013 (Canadian Venture Capital and Private Equity Association's Q3 2014 Report).
Early-stage (seed or start-up) businesses received approximately 44% of all venture capital investments, with the rest distributed to firms in the later stages (expansion, turnaround) of development.
In 2014 (Q1), the sectors receiving the most venture capital included technology ($325 million), biopharmaceuticals ($62 million) and clean-technology ($37 million).