Economic Impact of Companies Supported by the Venture Capital Action Plan

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, 2020. For 2020, data was reported for 205 out of 360 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 reporting^{Footnote 1}	Total	Average
Employees	205	26,186	128
Revenue 2020	205	$4,180,287,146	$20,391,645
Revenue growth (2019 to 2020)	205	5.4%	33.4%

Table 2: Distribution of companies supported by VCAP by annual revenue
Revenue range	Number of companies within the range^{Footnote 1}	Average revenue growth (from 2019 to 2020)
$0	17	0%
$0–250K	30	−33%
$250K–1M	25	−32%
$1M–10M	75	47%
$10–100M	48	23%
$100M+	10	41%
Total	205	33%

Table 3: Number of employees of VCAP-backed companies^{Footnote 2}, by industry sector
Sector	Number of employees
Sector	Number	% of total
ICT	20,701	79.1%
Life sciences	4,182	16.0%
Energy and clean technology	1,128	4.3%
Other	175	0.7%
Total	26,186	100%

Table 4: Number of employees of VCAP-backed companies^{Footnote 2}, by province
Region	Number of companies	Number of employees
Region	Number of companies	Number	% of total
BC	21	1,930	7.4%
AB	13	1,449	5.5%
SK	4	250	1.0%
MB	3	419	1.6%
ON	113	12,006	45.8%
QC	46	9,970	38.1%
NB	2	49	0.2%
NS	3	113	0.4%
Total	205	26,186	100%

Language selection

WxT Search form

Economic Impact of Companies Supported by the Venture Capital Action Plan – December 31, 2020

This page has been archived on the Web

Footnotes