Here’s who’s investing in Canadian SaaS startups [infographic]

There is a general sense in the tech community that it’s difficult to raise money in Canada, but as a new infographic from Ottawa-based Software-as-a-Service (SaaS) venture capital (VC) fund L-Spark illustrates, this isn’t quite true.

In fact, according to the company’s research, sourced from the Canadian Venture Capital & Private Equity Association (CVCA), Canadian VCs invested more than $2 billion in homegrown SaaS startups last year.

“Yes, there is more money in the U.S. Yes, companies are raising at higher valuations,” L-Spark digital content manager Lucy Screnci wrote in an April 3 blog post. “But let’s not sell ourselves short on the ecosystem that exists in our own backyard.”

The infographic includes both a series of circles indicating the companies investing in Canadian SaaS and their share of the overall pie, and a map indicating which provinces have received their investments. Check it out below (click for a larger version).

You can also find a list of VCs, with links, on L-Spark’s website.

Where-V-Sees-are-investing

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Jim Love, Chief Content Officer, IT World Canada

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Eric Emin Wood
Eric Emin Wood
Former editor of ITBusiness.ca turned consultant with public relations firm Porter Novelli. When not writing for the tech industry enjoys photography, movies, travelling, the Oxford comma, and will talk your ear off about animation if you give him an opening.

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