Vancouver’s Venture Capital History and HootSuite’s $165 million round

Last week, Vancouver-based social media aggregator platform HootSuite raised a $165 million series B round from Insight Venture Partners, Accel Partners, and OMERS Ventures. This was the largest round in Vancouver’s history and accounted for 18% of all venture funding in Vancouver. The second largest round was $77 million in 2009 by cleantech company Ram Power. The following graphs are a snapshot of Vancouver’s VC history:


In 2008, $37 million was invested in Vancouver, which has steadily increased to $97 million by the first half of 2013 (excluding HootSuite’s recent round). A steady growth in deals has also been seen, with a relatively consistent median venture capital raised:



In 2013, Vancouver is currently ranked 26th for total venture funding with $296 million. The SF Bay is first with $9.8 billion and New York second with $5.2 billion. While writing this post, PitchBook’s Newsletter arrived in my inbox with the following article. I was a little slow, but since I love comparing CrunchBase’s dataset, it was too perfect.


Check out an excel of Canada’s funding data here (Note: It is all-time and not month specific, can be filtered)

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  • Originally published August 5, 2013, updated April 26, 2023