Suyash Sumaroo’s Post

The CVCA Q3 2024 report is out and you can access it here https://lnkd.in/eD2unAi5 and here is the subset of the summary of the entire report here: #The report highlights Canada's venture capital ecosystem, showcasing its growth, trends, and regional activity up to Q3 2024. Here's a brief analysis of its key insights: #Overview of Venture Capital Activity Total Investments: As of Q3 2024, CAD $6.5 billion was invested across 426 deals, with Q3 alone contributing $2.6 billion. Top Deal: A $1.24 billion Series F round by Clio, a legal-tech company, drove a substantial portion of Q3’s investments. #Sector Highlights: Cleantech: $980 million raised YTD, showing a focus on sustainability. Life Sciences: $939 million across 98 deals, demonstrating strength in healthcare innovation. ICT (Information and Communication Technology): Dominates with $3.8 billion across 201 deals. #Regional Activity Ontario, Québec, and British Columbia together accounted for 90% of investments YTD. Ontario: Leads in both deal count (40%) and investment value (36%). British Columbia: Surpassed Québec for the first time since 2021, fueled by three mega deals in Q3, including Vancouver-based Clio. Atlantic Canada showed steady, smaller-scale activity, with Newfoundland and Labrador leading the region. #Stages of Investment Pre-Seed & Seed Stages: Experienced significant declines, returning to 2020 levels, indicating heightened investor caution. Early Stage: Strong performance with $2.5 billion invested, averaging $18.8M per deal. Growth Equity: Surged to $1.5 billion across 7 deals, marking a high value per deal ($214M average). #Exit Activity Exits totaled $4.6 billion across 30 transactions, dominated by M&A (90%), with no IPOs recorded YTD. #Public-Private Partnerships Programs like the Venture Capital Action Plan (VCAP) and the Venture Capital Catalyst Initiative (VCCI) continue to play pivotal roles. VCCI has mobilized $1.4 billion in private investment since its renewal in 2021. Focus on inclusivity and key industries (life sciences, ICT, cleantech). #Corporate Venture Capital (CVC) CVCs in Canada are increasing investments in digital transformation, sustainability, and advanced manufacturing. Only 6% of large public companies are leveraging CVC, showing room for growth. #Conclusion The guide concludes by emphasizing Canada's position as a global leader in innovation and investment. It highlights the country's robust early-stage pipeline, stable regulatory environment, and access to global markets as key advantages for investors. Source- Deepseek/Chatgpt/Claude

European VCs are leading the way! 🚀 A recent report from Invest Europe and Cambridge Associates reveals that European VCs have outperformed their US counterparts over the past 10 and 15 years. Key Highlights: 🔹 European VC 10-year net IRR: 20.77% vs. North American VC: 18.18% 🔹 European VC 15-year net IRR: 16.57% vs. North American VC: 16.09% 🔹 One standout European fund boasts an IRR of over 100%! Despite a slight edge for North American VCs over a 20-year period, the data showcases the strength and potential of European venture capital. Read more in the article from Sifted. #EuropeVC

🕚Here’s a flashback to an exciting and bold VC fund launch from earlier this year. 💸 In Q2 2024, London, UK based sustainable venture capital firm ETF Partners closed Fund 4 at €285M, with backing from European Investment Fund (EIF) and British Patient Capital. 💡 The fund invests in fast-growing innovative companies across sectors such as #renewableenergy, #energyefficiency, #software, #automotive, #SaaS (Software as a Service), #transportation, and more that deliver positive environmental impact. 🌍 #Europe 📈 Founded in 2005, the ETF Partners Portco's include exciting companies, such as AIPERIA, Dexter Energy, Fairly Made®, Hellas Direct, Net Purpose, Open Cosmos, Zeelo, among others. 💭 “Climate change is threatening life as we know it, as massive problems arise around the world. There is a clear need to back entrepreneurial businesses developing innovative solutions that can address these challenges.” - Patrick Sheehan, Co-Founder and Managing Partner at ETF 💭 “The ETF team brings the experience and sectoral expertise required to support climate tech companies as they scale up.” - Christine Hockley, Managing Director for Funds, British Patient Capital 🗞️Tech Funding News https://lnkd.in/etVu5nKd 👏 For the #AudaciousInvestors unleashing innovation and empowering tomorrow🚀 Patrick I Peter I Zoe I Lucy I Fabrice I Tomer I Remy I Leanne I Courtney I Lena I Kajsa I Kimmo I Annabelle I Jarkko I Claudio I Team ETF ... #venturecapital #vc #funds #startups #entrepreneurs #funding #tech #uk #entrepreneurship #technology #innovation #london #venture #fund

Canada’s #VC industry demonstrated both resilience and some cause for concern in recent quarters, while the country’s #PE market stayed hot. This is according to the Canadian Venture Capital & Private Equity Association (CVCA)’s latest market reports, which I unpacked the high-level details from here. #CDNtech

European private equity and venture capital firms hit a new high in 2023 according to data from Invest Europe, raising €133 billion — the third-highest total on record. Despite challenges, the industry continues to grow and mature, showcasing its resilience. 💼💰 #PrivateEquity #VentureCapital #EuropeanMarkets https://lnkd.in/dvVEiZwn

European VCs outperform US VCs over 10 and 15 year horizon Per Invest Europe and Cambridge Associates in Sifted by Amy Lewin “2011 was one of the best of recent times; the TVPI (total value to paid-in capital) of still-active European VC funds formed in 2011 is 7x, while IRR is 37%. 2016 was also a good year; the TVPI of still-active European funds formed that year is 3.7x, while IRR is 33%.” Enterprise Ireland Invest Northern Ireland National Treasury Management Agency NDRC Ormeau Labs Growing Capital Irish Venture Capital & Private Equity Association Catalyst Furthr RDI Hub

The results of the Venture Capital Survey 2024, conducted yearly by the European Investment Fund (EIF) with the support of Invest Europe, were announced. With 624 GPs (398 VC; 226 PE) contributing, it is the largest of its kind in Europe. As the VC market faces a complex mix of challenges and opportunities, the insights presented in the EIF Venture Capital Survey 2024 are highly anticipated. This comprehensive study not only examines recent developments but also captures the prevailing market sentiment among fund managers and investors. Read more in The Recursive's article.

Venture capital investment in the South West almost doubled in the last quarter of 2024, according to professional services giant KPMG. - with David Williams FCA https://lnkd.in/e_GvB5HK

Global private equity and venture capital deal value grew in the first quarter, although the volume of transactions declined from the same period in 2023. Deal value climbed 5.1% to $130.61 billion for the first three months of 2024 from $124.30 billion for the same period in 2023. The number of deals slid 12.8% year over year to 2,880 as of quarter-end, according to S&P Global Market Intelligence data. https://lnkd.in/g_bDPByW

Venture capital investment in the South West almost doubled in the last quarter of 2024, according to professional services giant KPMG. - with David Williams FCA https://lnkd.in/exSRF2rU