From Shopify Inc. and Hootsuite Media to Desire2Learn Inc., a growing number of medium-sized Canadian technology startups have attracted big-dollar financing over the past 18 months. But industry players say those blockbuster deals may be masking a capital crunch for other Canadian startups.
As more money and mentorship flows to Canadian tech startups in the early stages, a serious lack of local funding plagues mid-level Canadian tech startups. What’s left is an exclusive club of Canadian venture-capital firms willing to cut large cheques.
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