Economic Impact of Companies Supported by the Venture Capital Action Plan, December 31, 2018

This page has been archived on the Web

Information identified as archived is provided for reference, research or recordkeeping purposes. It is not subject to the Government of Canada Web Standards and has not been altered or updated since it was archived. Please contact us to request a format other than those available.

This page includes an analysis of the economic impact on a representative group of Canadian companies that received investment by venture capital funds supported by the Venture Capital Action Plan (VCAP) up to December 31, 2018. For 2018, data was reported for 162 out of 310 Canadian companies.

Please note that this data is unaudited and reflective of voluntary reporting from underlying funds; it may not be suitable for year to year comparisons.

Table 1: Key Statistics of companies supported by VCAP
  Companies reportingFootnote 1 Total Average
Employees 162 17,474 108
Revenue 2018 162 $2,673,609,966 $16,503,765
Revenue Growth (2017 to 2018) 162 19% 31%
Table 2: Distribution of Companies supported by VCAP by annual revenue
Revenue Range Number of Companies within the RangeFootnote 1 Average Revenue Growth
(from 2017 to 2018)
$0 25 0%
$0–250K 13 33%
$250K–1M 30 42%
$1M–10M 52 39%
$10–100M 36 32%
$100M+ 6 24%
Total 162 31%
Table 3: Number of employees of VCAP-backed companiesFootnote 2, by industry sector
Sector Number of employees
Number % of Total
ICT 11,581 66.3%
Life Sciences 4,323 24.7%
Energy and Clean Technology 1,491 8.5%
Other 79 0.5%
Total 17,474 100.0%
Table 4: Number of employees of VCAP-backed companiesFootnote 2, by province
Region Number of
companies
Number of employees
Number % of Total
BC 17

1,306

7.5%
AB 10 1,048 6.0%
SK 2 111 0.6%
MB 1 262 1.5%
ON 92 9,369 53.6%
QC 37 5,209 29.8%
NB 1 89 0.5%
NS 2 80 0.5%
Total 162 17,474 100.0%