"In the last 18 months a series of large venture capital investments have signalled an important shift in the Canadian technology startup scene. To hear industry insiders explain it, this is not a story about out-of-control valuations, but rather a case of a new class of maturing businesses reaching the stage where their market opportunity is now being matched by large investments."

"According to the Canadian Venture Capital and Private Equity Association annual funding report, the total venture dollars invested declined in 2014 to around $1.9-billion on 379 deals, compared with 2013’s $2-billion on 452 deals. The average dollar amount per deal, however, rose from $4.4-million in 2013 to $5-million."

"The Globe compiled 21 examples of the largest venture funding announcements in Canadian technology over the last 18 months. The list reveals a growing number of big-dollar deals among medium-sized startups – a change for a sector that has historically focused on mostly seed, or early-stage financing."

"Those 21 companies collected more than $784-million (the massive $100-million funding of Ottawa’s fast growing e-commerce provider Shopify in December, 2013, and the $60-million raised by Vancouver social media dashboard maker Hootsuite in September, 2013, make up a significant chunk of that total)."

From +The Globe and Mailhttp://ow.ly/ITb8M

Who needs Silicon Valley? Canadian startups scoring bigger deals
A growing number of medium-sized startups are attracting large financings – a change for a sector that has historically focused on mostly seed, or early-stage financing

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