LaBarge Weinstein LLP
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.
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.
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