Vancouver Venture Deals Highlight Cascadia’s First Quarter

Troy DeFrank’s Crosscadia has published their quarterly summary of investment activity in the Pacific Northwest.

According to DeFrank, the region saw a bit more geographic balance in investment activity during Q1 of 2019, while overall more capital went into fewer deals compared to Q4 of 2018.

The median deal size in British Columbia was $2.48 million and the quarter includes 17 deals.

BC-based carbon capture company, Carbon Engineering, provided the headline deal for the quarter with a $68 million round that included Chevron Technology Ventures and Bill Gates as backers.

Other Vancouver companies in the top 15 deals included Mojio with a $31 million round, Ostara with $17 million, and Inventys on their heels with $16 million.