Large deals fuelled Calgary’s healthy 2020, but Western Canada could have an early-stage funding problem
Although Calgary tech startups raised more venture funding through more deals in 2020 than in the year prior, a lack of early-stage deals could indicate a funding gap at this stage extending across Western Canada.
Hockeystick tracked four deals under $250,000 in 2019 and 2020, indicating an early-stage gap.
Hockeystick’s Calgary Tech Report looks at how the province’s tech ecosystem fared in terms of deals and dollars, with data sourced through exclusive partnerships with organizations like the Canadian Venture Capital and Private Equity Association (CVCA). Hockeystick also compiles data from startups using its platform, as well as public data sources.