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.
Read the full article here: https://venturebeat.com/2019/10/05/why-we-moved-our-silicon-valley-startup-to-canada/