Internet Software. & Services ... Top VC Deals - Canadian Companies ... MacKinnon, Bennett & Company Inc., Inves
Canadian Venture Capital Market Overview Q1 2015 www.cvca.ca
www.cvca.ca
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Year Over Year # Deals
$ Millions Invested
140
700
121 120
114
109
100
100
88
400
60
300
40
200
20
100
-
www.cvca.ca
Q1 2015
Q2 2014
601.68
Q3 2014
Q4 2014
500
80
Q1 2014
608.12 600
Q3 2014
Q4 2014
351
362
341.87
Q1 2014
Q1 2015
Q2 2014
-
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Deals By Province # Share
Atlantic 10%
$ Share
BC 11% AB 5%
Atlantic 5%
BC 14%
QC 14%
AB 1%
SK-MB 1%
SK-MB 1%
QC 28%
ON 45%
www.cvca.ca
ON 65%
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Top VC Sectors # Deals
# Share
ICT
AgriBusiness 7%
86
Life Sciences
Cleantech 7%
16
AgriBusiness
9
Cleantech
Other 2%
Life Sciences 13%
8
Others
ICT 71%
2 0
www.cvca.ca
10
20
30
40
50
60
70
80
90
100
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Top VC Sectors $ Millions
$ Share
ICT
Life Sciences
Other 1%
Cleantech 5%
91.99
Cleantech
16.39
Life Sciences 25%
AgriBusiness
11.04
Others
2.9 0
www.cvca.ca
Agri Business 3%
240.16
50
100
150
200
250
300
ICT 66%
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ICT Breakdown # Share
Computer Hardware & Services 2%
$ Share
Software (Non Internet/Mobile) 2%
Computer Hardware & Services 7% eCommerce 8%
eCommerce 20%
Mobile & Telecommunications 18% Mobile & Telecommunications 6%
Electronic & Semiconductor 15%
www.cvca.ca
Software (Non Internet/Mobile) 1%
Internet Software & Services 45%
Internet Software & Services 55%
Electronic & Semiconductor 21%
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Top VC Deals - Canadian Companies Company
Miovision Technologies Inc. *
Cynapsus Therapeutics Inc.
Province $ Millions
Ontario
Ontario
30.00
20.98
Disclosed Investors MacKinnon, Bennett & Company Inc., Investeco Capital Corp., Renewal Partners, Plaza Ventures Venrock Associates, OrbiMed Advisors, LLC, Aisling Capital, LLC, Broadfin Capital, LLC, Dexcel Pharma Technologies Ltd., Pura Vida Technologies Ltd., Sphera Funds Management, DAFNA Capital Management, LLC SR One, BDC Capital Inc., Lumira Capital Investment Management Inc., Fonds de solidarité FTQ, MP Healthcare Venture Management Inc., Advanced Technology Ventures, Capvest Life Sciences Inc., Pappas Ventures
Thrasos Innovation Inc.
Québec
17.77
Corsa Technology Inc.
Ontario
16.50
ESSA Pharma Inc.
Clearpath Robotics Inc.
BC
14.38
Ontario
14.00
Roadmap Capital Inc., BDC Capital Inc., Celtic House Venture Partners Deerfield Management Company, LS Advisers, LLC, Omega Fund Management Limited, Stratigis Capital Advisors Inc., Bloom Burton & Co. Limited, K2 & Associates Investment Management Inc., Charlestown Jupiter Fund, LLC
RRE Ventures, iNovia Capital Inc.
*includes substantial amount of debt component
www.cvca.ca
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Most Active Canadian VC Firms Private Independent Firm
www.cvca.ca
Deal Values ($ millions) # Deals (total deal values – includes all participating investors)
Real Ventures
28
24.50
iNovia Capital Inc.
12
108.17
Relay Ventures Lumira Capital Investment Management Inc.
8
24.43
6
90.16
Innovacorp Avrio Ventures Management Corp.
6
14.26
5
4.07
Pangaea Ventures Ltd.
4
30.66
Difference Capital Financial Inc.
4
11.59
Yaletown Venture Partners
4
5.67
EnerTech Capital
3
39.92 Page | 7
Most Active Canadian VC Firms Government & Other Fund Types # Deals
Deal Values ($ millions) (total deal values – includes all participating investors)
BDC Capital Inc.
26
112.37
MaRS IAF
7
9.49
EDC Equity
4
16.24
Atlantic Canada Opportunities Agency (ACOA)
3
5.56
Firm
www.cvca.ca
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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
4
25.67
OMERS Ventures Management Inc.
3
29.83
Atlantic Canada Opportunities Agency (ACOA)
3
5.56
New Brunswick Innovation Foundation (NBIF)
3
3.85
Desjardins Venture Capital Inc.
2
4.70
Firm
www.cvca.ca
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Top Disclosed VC Exit – Q1 2015
www.cvca.ca
VC Backers
Type
Company
$ Millions
McLean Watson Capital, Desjardins Venture Capital, GTI Capital
M&A
SkyWave Mobile Communications
204.0
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Q1 2015 VC Fundraising Source of VC Fundraising
Source of VC Fundraising
Individuals
Fund of Funds 18%
111.27
Fund of Funds Individuals 56%
Pension 13%
35
Pension
25
Corporation/Financial Insitutions/Insurance Corporation/Financial Insitutions/Insurance 8%
www.cvca.ca
15
Government
Government 5%
10 0
20
# Funds
$ Raised (Mils)
Median $ (Mils)
9
196
15
40
60
80
100
120
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www.cvca.ca 1201 – 372 Bay Street. Toronto, Ontario, M5H 2W9, Canada Tel. (416) 487-0519 |
Fax. (416) 487-5899 |
Web. www.cvca.ca
