Montréal Partner, and National Co-Leader of Fasken’s Emerging Technology & Venture Capital Group, Constantinos Ragas, analyses early exit trends among VC-backed and high-growth technology companies across Canada, in an interview published in BetaKit.
Speaking about the Canadian tech M&A landscape, Ragas observed that “it’s a healthy market, but it’s very much a mid-market jurisdiction. Our companies are getting transferred fairly quickly and at a point in their development where they’re not the behemoth on the block.ˮ
He sees that timing of transactions as a defining feature of Canadian tech M&A.
“If we’re thinking about our ecosystem in Canada, and how we want to see that evolve, it would be fun to see some bigger guys that show up on our turf and make a big Canadian push, but there’s still lots of good that we see here,” said Ragas.
This prevalence of early exits is one of the most consistent trends emerging from Exit InSights, a first-of-its-kind report authored by a team of leading partners from Fasken’s Emerging Technology & Venture Capital Practice Group. The report analyzes more than 250 deal points from Canadian tech M&A transactions completed between 2019 and 2024.
Read the full report here.
