News Summary

At the recent CIX Summit’s Investor Forum in Toronto, Canadian venture capitalists expressed concerns about the potential impact of AI on the SaaS market, coining the term ‘SaaSpocalypse.’ Investors are worried that AI advancements could disrupt traditional SaaS business models, leading to compressed valuations and a shift in funding dynamics. Despite differing opinions on the severity of AI’s impact, there is consensus that the SaaS market must adapt to an AI-first approach. Additionally, with a slow IPO market, Canadian VCs are looking towards secondary markets to improve liquidity, although these markets remain less developed compared to the US.