Total technology industry venture financing deals worth $616.8m were announced in Canada in May 2021, led by $130m venture financing of Ada Support, according to GlobalData’s deals database.
- Embed this chart
Embed this chart into your website
Copy and paste the image source into your website to display the chart.
The value marked an increase of 17.2% over the previous month of $526.47m and a rise of 169.1% when compared with the last 12-month average of $229.24m.
Canada held a 3.05% share of the global technology industry venture financing deal value that totalled $20.25bn in May 2021.
In terms of venture financing deal activity, Canada recorded 26 deals during May 2021, marking an increase of 8.33% over the previous month and a rise of 13.04% over the 12-month average.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
Canada technology industry venture financing deals in May 2021: Top deals
The top five technology industry venture financing deals accounted for 73.3% of the overall value during May 2021.
The combined value of the top five technology venture financing deals stood at $451.85m, against the overall value of $616.8m recorded for the month.
The top five technology industry venture financing deals of May 2021 tracked by GlobalData were:
1) Accel, Bessemer Venture Partners, Burst Capital, FirstMark Capital, Spark Capital, Tiger Global Management and Version One Ventures’ $130m venture financing of Ada Support
2) The $100m venture financing of Xanadu Quantum Technologies by BDC Capital, Bessemer Venture Partners, Capricorn Venture Partners, Georgian Partners Growth, In-Q-Tel, Ontario Municipal Employees Retirement System, Tiger Global Management and Tim Draper
3) Lugard Road Capital and Nicola Wealth Management’s $98.85m venture financing of VendAsta Technologies
4) The $80m venture financing of Dooly.ai by Boldstart Ventures, BoxGroup, GreenSpring Ventures, Lachy Groom, Spark Capital and Tiger Global Management
5) David Northington, Delta-v Capital, Gary DiOrio, Jeff Rich and Salesforce Ventures’ venture financing of OSF Global Services for $43m.