News Summary

Canadian venture capitalists are grappling with difficulties in accessing capital and concerns about fund performance, as discussed at the recent CIX Summit in Toronto. The forum highlighted the exodus of Canadian startups to the US due to competitive pressures and structural challenges in the VC ecosystem. Meanwhile, Innovobot Resonance Ventures in Montréal is refocusing its efforts under new leadership to overcome fundraising hurdles and invest in Canadian deep tech. In Manitoba, Trillick Ventures seeks to increase VC funding for early-stage tech startups, addressing the province’s underrepresentation in Canada’s VC landscape. Additionally, Winnipeg-based GlitchSecure achieved a milestone by receiving a $2-million seed investment from BDC’s Seed Venture Fund, a first for a Manitoba startup.