This page includes an analysis of the economic impact on a representative group of Canadian companies that received investment by venture capital funds supported by the Venture Capital Action Plan (VCAP) up to December 31, 2021. For 2021, data was reported for 128 out of 381 Canadian companies.
Please note that this data is unaudited and reflective of voluntary reporting from underlying funds; it may not be suitable for year to year comparisons.
Table 1: Key statistics of companies supported by VCAP
- |
Companies reportingFootnote 1 |
Total |
Average |
Employees |
128 |
25,336 |
198 |
Revenue 2021 |
128 |
$4,382,074,364 |
$34,234,956 |
Revenue growth (2020 to 2021) |
128 |
5% |
36% |
Table 2: Distribution of companies supported by VCAP by annual revenue
Revenue range |
Number of companies within the rangeFootnote 1 |
Average revenue growth (from 2020 to 2021) |
$0 |
4 |
0% |
$0–250K |
9 |
64% |
$250K–1M |
16 |
61% |
$1M–10M |
43 |
44% |
$10–100M |
47 |
42% |
$100M+ |
9 |
23% |
Total |
128 |
32% |
Table 3: Number of employees of VCAP-backed companiesFootnote 2
Sector |
Number of employees |
Number |
% of total |
ICT |
22,006 |
87% |
Life sciences |
1,888 |
8% |
Energy and clean technology |
1,381 |
6% |
Other |
61 |
0.2% |
Total |
25,336 |
100% |
Table 4: Number of employees of VCAP-backed companiesFootnote 2, by province
Region |
Number of companies |
Number of employees |
Number |
% of total |
BC |
17 |
1,513 |
6% |
AB |
11 |
2,007 |
8% |
SK |
2 |
266 |
1% |
MB |
1 |
398 |
2% |
ON |
67 |
11,038 |
44% |
QC |
27 |
9,912 |
39% |
NB |
2 |
176 |
0.7% |
NS |
1 |
26 |
0.1% |
Total |
128 |
25,336 |
100% |