Feb 6, 2019
Osler is proud to have advised on $1.9 billion in venture capital financings in 2018, representing 41% of the record total funding in Canada last year. A recent MoneyTree Canada report from PwC and CB Insights revealed that VC-backed companies in Canada raised a record-breaking $4.6 billion in investment funding in 2018, up 35% from 2017. Osler advised on 187 deals last year, representing 40% of the 471 total deals noted in the report.
Deal count rose across all stages of funding. The increase in total investment was driven by higher average deal sizes in expansion and later-stage financings. Artificial intelligence, FinTech, and digital health continued to see strong funding levels, reaching record highs in 2018.
Osler advised on six of Canada’s top 10 venture capital financings in 2018, as reported on The PE Hub Network. This included deals completed by FinTech company Clearbanc, travel booking app Hopper, cardiovascular drug developer Milestone Pharmaceuticals, and food ordering app Ritual.
Osler’s leading Emerging and High Growth Companies and Venture Capital teams help clients recognize, develop and realize upon significant and innovative venture capital opportunities. We advise both emerging and high growth companies and investors on the unique issues involved in venture capital deals.