Québec Venture Capital Market Overview

Québec Venture Capital Market Overview
First Nine Months of 2015
Deals by Quarter
# Deals
$ Millions
70
65
250
60
200
50
40
40
30
30
28
21
20
15
150
35
34
27
100
21
17
50
10
0
Q1
Q2
Q3
2013
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Q4
Q1
Q2
Q3
2014
Q4
Q1
Q2
2015
Q3
Q1
Q2
Q3
2013
Q4
Q1
Q2
Q3
2014
Q4
Q1
Q2
Q3
2015
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Top Québec VC Sectors – First 3Q 2015
# Deals
# Share
ICT
Agribusiness
6%
68
Clean Tech
8%
Life Sciences
27
Others
25
Clean Tech
Others
18%
ICT
49%
12
Agribusiness
8
0
10
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20
30
40
50
60
70
80
Life Sciences
19%
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Top Québec VC Sectors – First 3Q 2015
$ Millions
$ Share
ICT
230
Life Sciences
Clean Tech
2%
199
Others
Agribusiness
2%
Others
7%
34
Agribusiness
11
Clean Tech
10
-
ICT
48%
Life Sciences
41%
50
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100
150
200
250
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Québec VC Investment by Stage – First 3Q 2015
# Deals
$ Millions
Other
7
230
Early-stage
Late-stage
14
Early-stage
41
141
Late-stage
54
Other
Bridge
38
37
Bridge
22
Seed
0
50
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100
150
200
250
Seed
40
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Top 10 Most Active Québec VC Firms
VC Firms
# Deals
Deal Values ($ millions)*
1. Real Ventures
35
77
2. Investissement Québec
30
112
3. BDC Capital Inc.
26
152
4. Fonds de solidarité FTQ
20
94
5. Cycle Capital Management (CCM) Inc.
11
5
6. iNovia Capital Inc.
7
136
7. Fondaction CSN
7
6
8. Anges Québec Capital
5
8
9. Desjardins Venture Capital Inc.
5
9
10. Rho Canada Ventures
4
12
*Total deal values – includes all participating investors.
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Top 8 Québec Disclosed VC Deals
Company
Disclosed VC Firm(s)
1. Lightspeed POS Inc.
Caisse de dépôt et placement du Québec, Investissement Québec, Accel Partners,
Teralys, iNovia Capital,
79
2. Clementia Pharmaceuticals Inc.
New Enterprise Associates (NEA), BDC Capital, EcoR1 Capital, Janus Capital Management,
OrbiMed Advisors, RA Capital, Rock Springs Capital
74
3. Telesta Therapeutics Inc.
Consonance Capital, Omega Fund Management, Tavistock Group
37
4. Breather Products Inc.
Valar Ventures, Real Ventures, RRE Ventures, Slow Ventures, SOSventures Investments
26
5. Milestone Pharmaceutiques inc.
Domain Associates, Fonds de solidarité, BDC Capital, iNovia Capital, Pappas Ventures
21
6. Thrasos Innovation Inc.
BDC Capital, SR One, Advanced Technology Ventures (ATV), Capvest Life Sciences Inc.,
Fonds de solidarité, Lumira Capital, MP Healthcare Venture , Pappas Ventures
18
7. Luxury Retreats International Inc.
iNovia Capital, Claridge, Groupe Dynamite, InterMedia Advisors
14
8. Crew Labs Inc.
iNovia Capital, Real Ventures, BDC Capital, Atlas Venture
12
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$ Millions
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Top 2 Disclosed Québec Exits – First 3Q 2015
VC Backers
1. Highland Capital Partners
2. Caisse de dépôt et placement du Québec,
EDC Equity, EnerTech Capital, Fonds de
solidarité, Groupe W, Samsung Venture,
Technovator
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Type
IPO
Company
Davids Tea Inc.
M&A
Distech Controls, Inc.
$ Millions
537
318
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CVCA Methodology
•
Dataset includes verified completed equity or quasi-equity venture capital deals
only.
•
Not included are non-equity based government funding such as grants from
FedDev, project financing from the SD Tech Fund of the Sustainable
Development Technology Canada (SDTC), pharmaceutical product development
deals, senior debt as part of overall financing package, venture capital-backed
acquisitions, and angel financing.
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