2018 Deal Flow Study Highlights
Alberta Enterprise Corporation’s 2018 Deal Flow Study uncovered some interesting facts about the makeup, evolution and distribution of technology in the province. While Alberta’s tech sector is still considered in its early stages of development, the data shows it is maturing.
The Deal Flow Study provides a leading yardstick for measuring the health, growth and composition of the Alberta technology and innovation sector. The study was made possible due to the collective support from Alberta’s tech firms and numerous organizations that make up the Alberta ecosystem.
Findings revealed Alberta offers significant early stage opportunity for tech investors, with 54% of companies surveyed at the Pre-Series A stage and 70% of Alberta tech companies surveyed generating annual revenue (almost a 32% increase since 2016). In fact, nearly one in four companies are earning more than $1 million annually.
It was also revealed that female participation in the technology sector in Alberta is very strong, with 30% of tech companies in Alberta being led by a female founder or co-founder.