1 mai 2024
The Logic has picked up Torys’ latest Venture Financing Report, featuring insights on Canadian financings across 127 Canadian-headquartered startups.
An excerpt from the article is below.
Roughly 13 per cent of companies that raised venture capital last year were valued less than or the same as they were in earlier funding rounds, up from nine per cent in 2022…
Torys said it’s just the tip of the iceberg, with the true amount of down rounds being “somewhat masked” by startups avoiding raising money through deals that would lower their value. The drop in valuations coincided with investors successfully negotiating better deal terms to protect themselves from losing money in the future.
You can read the full Torys report here.
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