At the close of Q3, we released our first GTA Tech Ecosystem Report in partnership with member company Hockeystick. Using a combination of public and private data, the report provides a unique snapshot of what’s happening in the GTA. In this quarter’s report, we see the strong growth of tech funding: up 16% vs. 2018 led by three mega-deals: Vena Solutions, (OneEleven alumni) Wealthsimple, and TouchBistro. In particular, the financial tech vertical is driving GTA funding growth, with a 63% increase in funding in the last year alone.
OneEleven and Hockeystick will release an updated report each quarter, featuring a profile of specific Toronto vertical and breaking down funding and investor activity. These reports are part of the unique vantage point and insights OneEleven offers its members, partners, and the wider Toronto ecosystem. Click here to view the current report.
Read the full report here