Torys' Venture Financing Report 2024 cited by The Globe and Mail

In an article exploring recent trends in the venture financing sector, The Globe and Mail shared statistics from Torys’ 2024 Venture Financing Report, which features insights on Canadian financings across 127 Canadian-headquartered startups.

The Globe piece details the challenges that the sector has faced since 2021, particularly around raising early-stage capital. It references the Torys report to support this argument, explaining that “in 2023 Canada saw 14 per cent fewer preferred share financings than 2022 and 34 per cent fewer than the headier days of 2021.”

The article goes on to explore other barriers to raising early-stage capital, such as rising interest rates, companies prioritizing efficiency overgrowth, and a consistent drop in value of IPOs since 2021.

Despite these challenges, the Venture Financing report explains that the market will continue to stabilize throughout 2024, albeit at a slow pace. “Investment in clean energy, artificial intelligence, and healthcare will gain further momentum, as the demand for climate change mitigation technology,” it says.

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