After a down year in 2020, startups in the Ottawa region bounced back last year when it came to their ability to attract early stage investment rounds, a new report says.
LaBarge Weinstein LLP
Funding to locally based companies is down more than 50 per cent year-over-year to $9 million.
Local companies landed a combined $111 million in fresh venture capital last year, putting Ottawa in 11th place among all Canadian cities.
In Ottawa, 24 companies have landed a combined $91 million in VC funding from January to the end of September, according to the latest Canadian Venture Capital Report compiled by CPE Analytics.
A total of 16 local companies landed VC financing in the first six months of this year, up from a dozen in the first half of 2019.
Capital's VC haul down more than 75 per cent from the first quarter of last year.
Passing of pioneering Ottawa-based advocate leaves nation’s tech sector without ‘its voice’
Allan Wille’s company is coming off yet another banner year. The way it’s looking, that’s not about to change in 2016.
When Ian Glenn was in charge of the Canadian army’s unmanned aerial vehicle program nearly two decades ago, drones were strictly the domain of the military.