2021 Deal Flow Study Highlights
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 depict a maturing ecosystem, with 43% of Alberta’s technology startups having raised at least US $1 million to date. Furthermore, tech companies are increasingly becoming established with 40% of survey respondents having achieved profitability, and 38% of companies reporting revenue greater than $1 million in the last fiscal year. Fundraising is another key indicator of growth for technology companies, and almost a quarter of Alberta tech companies have raised Series A or later stage financing.
Female participation in Alberta’s technology companies remained strong with the proportion of female tech founders at nearly 30%, a trend consistent with the 2018 study. Alberta’s female participation at the founder and co-founder level leads globally when compared to Crunchbase’s 2020 report which found that 20% of global startups were female founded 1.