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2014 Canadian Venture Capital Market Overview www.cvca.ca
www.cvca.ca
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Deals By Quarter # Deals
$ Millions Invested
120
105
104 100
638
600
92 78
80
700
600
500 400
60
356
323
300 40
200
20
100
-
Q1 2014
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Q2 2014
Q3 2014
Q4 2014
Q1 2014
Q2 2014
Q3 2014
Q4 2014
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Deals By Province # Share
ATL 10%
$ Share QC 15%
BC 19%
ATL 1% BC 29%
AB 4%
QC 23%
SK-MB 3%
ON 41%
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AB 3% SK-MB 3% ON 49%
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Top VC Sectors # Deals Others
# Share AgriBusiness 3%
25
AgriBusiness
Cleantech 9%
13
Cleantech
Other 7%
ICT 63%
33
Life Sciences
68
Life Sciences 18% ICT
240 0
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50
100
150
200
250
300
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Top VC Sectors $ Millions Others
$ Share Agri Business 2%
49.96
AgriBusiness
Cleantech 7%
38.34
Cleantech
132.66
Life Sciences 22%
Life Sciences
422.52
ICT
1273.58 0
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Other 3%
200
400
600
800
1000
1200
ICT 66%
1400
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Top VC Deals Canadian Companies Company
Province $ Millions
Disclosed Investors
Ontario
91.3
Columbus Nova Technology Partners, Graham Holdings, Four Rivers Group, Aurion Capital, NEA, OMERS Ventures, Silicon Valley Bank
HootSuite Media Inc.
BC
66.5
Accel, Insight Venture Partners, OMERS Ventures, Difference Capital
D-Wave Systems Inc.
BC
61.8
Fidelity, PSP, bcIMC, BDC Capital, Goldman Sachs, Explore Holdings, Astrolink, DFJ, Discovery Capital, GrowthWorks, Kensington Capital Partners
Aurinia Pharmaceuticals Inc.
BC
57.1
venBio, NEA, Lumira Capital, ILJIN Life Science, Apple Tree Partners, Great Point Partners, RA Capital, Redmile Group, Difference Capital
D2L Inc.
WP Technology Inc. dba Wattpad
Ontario
51.5
OMERS Ventures, August Capital, Raine Group, Northleaf Capital Partners, Union Square Ventures, Khosla Ventures, AME Cloud Ventures, Golden Venture Partners, Version One Ventures
LightSpeed Retail Inc.
Québec
38.3
iNovia Capital, Accel Partners
Kik Interactive Inc
Ontario
38.3
Valiant Capital, Foundation Capital, RRE Ventures, Spark Capital, Union Square Ventures, Millennium TVP Management, SV Angel
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Most Active Canadian VC Firms Private Independent Real Ventures
42
Deal Values ($ millions) (total deal values – includes all participating investors) 123.6
iNovia Capital
14
131.6
Yaletown Venture Partners
10
52.6
Version One Ventures
8
127.5
Chrysalix Energy Venture Capital
8
35.1
Georgian Partners Inc.
7
85.6
Rho Canada Ventures
7
34.5
EnerTech Capital
7
42.0
Relay Ventures
6
37.0
Kensington Capital Partners Limited
5
68.5
Golden Venture Partners
5
76.9
Firm
www.cvca.ca
# Deals
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Most Active Canadian VC Firms Government & Other Fund Types # Deals
Deal Values ($ millions) (total deal values – includes all participating investors)
BDC Capital Inc.
102
426.1
MaRS IAF
28
92.6
New Brunswick Innovation Foundation (NBIF)
18
8.4
Innovacorp
14
14.4
EDC Equity
10
108.3
Ontario Capital Growth Corporation (OCGC)
5
32.1
Firm
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Most Active Canadian VC Firms Pension, Retail, Corporate & Other Public Funds # Deals
Deal Values ($ millions) (total deal values – includes all participating investors)
Fonds de solidarité FTQ
17
87.4
Difference Capital Financial Inc.
11
250.7
OMERS Ventures Management Inc.
9
310.5
Fondaction CSN
9
51.2
GrowthWorks Capital Ltd.
6
36.4
Westcap Mgt. Ltd.
5
Firm
www.cvca.ca
21.2
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Top 5 Disclosed VC Exits VC Backers
Type
Company
$ Millions
TechnoCap, HarbourVest
IPO
Kinaxis
100.6
W2 Group and Fonds de solidarité FTQ investissements croissance
IPO
Lumenpulse Inc.
100.0
M&A
Wolf Trax Inc.
95.0
Ventures West, B.C. Advantage Fund, Baker Brothers, Augment Investments, Johnson & Johnson Development, Pfizer
IPO
Aquinox Pharmaceuticals Inc.
51.2
MX Associates, Lipoterx, InterWest Partners, FMR, INVESCO Private Capital, JPMorgan Partners, Novo A/S, Pfizer, Royal Bank Capital Partners, Working Opportunity Fund, Ventures West, Takeda, Novartis Pharma
IPO
Xenon Pharmaceuticals Inc.
47.1
Avrio Capital
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2014 VC Fundraising Source of VC Fundraising Undisclosed 5%
Individuals 42%
Fund of Funds 15%
www.cvca.ca
Undisclosed
61
Pension
65
Corporation/Financial Insitutions/Insurance
116.44
Fund of Funds
Pension 6% Corporation/Financial Insitutions/Insurance 10%
Source of VC Fundraising
171.95
Government Government 22%
259.5
Individuals
492.56 0
100
200
300
400
500
600
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www.cvca.ca 1201 – 372 Bay Street. Toronto, Ontario, M5H 2W9, Canada Tel. (416) 487-0519 |
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