We founded Inovia more than 15 years ago with an ambitious goal of helping Canada become home to globally-minded tech companies. Fast forward to today, and we’re evolving in a thriving ecosystem with over $30B in funding since 2019, an equally important amount in exit values and a large and growing number of companies building global businesses from Canada.
With its vibrant communities, top talent and long-held foothold as a world-leading AI ecosystem, Canada is a tech hub that cannot be ignored. Over the years, our team of company builders has navigated the highs and lows of this market, and we are happy to share our first State of Canadian Software report exploring the state of software investing in Canada.
This report underscores Inovia’s deep roots in this ecosystem and the story behind the numbers. Based on 2023 data, we analyze key trends and the investment opportunities ahead.
Now is a pivotal moment for Canada. Over the next decade, we will see tremendous opportunities to continue investing in software and supporting Canadian entrepreneurs building from pre-seed to IPO and beyond.
We hope you will find this report insightful. Let us know what you think!