From reliance to resilience

1 min read · June 19, 2026
New Power Labs

CPE Media & Data Company recently revealed that U.S. parties accounted for 60% of venture capital investment in Canada in 2025, the highest share since 2017. Capital from non-US international sources fell from 17% to 12%.

At the same time, Canada’s domestic venture base remains highly concentrated. Of the $3.52 billion raised by Canadian VC funds in 2025, two institutions (BDC and Radical Ventures) captured 70% of commitments, leaving dozens of others competing for the remainder.

Canadian founders are more dependent on American capital than at any point in the past 8 years, and that dependency is deepening.

When capital sits in fewer hands – across borders, institutions, or geographies – access narrows. Founders without established networks, pattern-matching credentials, or insider pathways are often the first excluded.

A resilient innovation economy doesn’t depend on a handful of dominant players. It builds broader pathways for capital to reach the full range of talent and ideas driving growth.

Narinder
New Power Labs

Like what you’re reading? Subscribe to get weekly Equity Shots in your inbox.