In his 2019 Canadian venture and startup predictions, OMERS Ventures Managing Partner Jim Orlando laments the lack of big exits of VC-backed tech companies in 2018.
The market in Canada appears to be doing a better job on this front this year.
For example, Aeryon Labs, a Waterloo developer of commercial drones, was acquired in January by FLIR Systems for $265 million. Previously, Aeryon was financed by Summit Partners and MaRS Investment Accelerator Fund.
February saw an even bigger M&A: Clementia Pharmaceuticals, a Montréal maker of treatments for rare bone disorders, agreed to be bought by Ipsen in a $1.7 billion deal.
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