Venture Financing Report 2022

Methodology

This study analyzes the preferred share deal terms across financings for 192 Canadian headquartered startups that raised at least $500,000 on venture or venture-like terms between January 1, 2021 and December 31, 2021. Criteria included all categories of publicly reported preferred share venture financings, from series seed through to later stage financings. We have compared this data to our 2020 Venture Financing Report.

While we identified 675 publicly reported venture-backed financings for the 2021 calendar year, only 192 of such financings satisfied the criteria outlined above and had publicly accessible articles. In analyzing the financings to arrive at the 192 analyzable financings, the following financings were excluded from the study: