By Russ McMeekin, mCloud 
October 5, 2019

Don’t look now, Silicon Valley. Canada is coming for you.

In case you missed it last month, the $250 million funding round announced by Vancouver B.C.-based Clio was a major milestone in the rise of the Canadian tech startup ecosystem.

The funding round was not only the largest in Canadian startup history; it was led by top California-based VC firms TCV and JMI, whose previous investments include Airbnb, Facebook, Netflix, and Spotify.

Even before the Clio announcement, venture capital disbursements to Canadian startups were setting a record pace, totaling nearly $3 billion in the first half of 2019. In addition, CBRE, a U.S.-based commercial real estate and investment firm, recently ranked Toronto as the fastest-growing tech center in North America, with Vancouver and Montreal not far behind.

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