Canadian VC sees lowest quarterly deal count in nearly a decade

Canadian venture capital (VC) saw the lowest deal count of any quarter since 2017 in Q1 of this year, according to the Canadian Venture Capital Association’s (CVCA) quarterly market overview report. However, the deals that did take place were largely early-stage rounds. The CVCA said the first quarter of 2026 closed with $936 million CAD in venture capital invested across 104 deals, which is 41 percent fewer deals than the previous quarter.