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.
Ottawa firm recently landed $7 million in fresh funding from longtime investor Roadmap Capital following an $11-million round last November.
Despite a strong start to the year for Ottawa companies raising venture capital, the second half of 2019 saw a sharp decline in funding for local firms
Strapped with fresh financing and with a new CEO in place, a local cybersecurity company is building out a sizeable sales team to take its platform to a series of enterprise customers