Katherine Barr, General Partner of Mohr Davidow Ventures General Partner, said venture capital investors often overlook Canada as a key market for technology investment opportunities.
There is a new era of innovation taking place in the country which has supported the growth of standout firms like HootSuite, Kik and Indochino.
Barr wrote that venture investors are attracted to Canada because the technology startups there hold sustainable business models that have real revenue and concentrate on finding solutions to big, although sometimes “unsexy” issues.
Canadian-founded firms have made material exits in the past few years. Barr cites various examples, such as the $871 million exit of Eloqua to Oracle, Taleo to Oracle for $1.9 billion and Radian6 to Salesforce.com for a price tag of $326 million.
The country also hosts rapidly-growing Software-as-a-Service firms, Barr writes. These include Y Combinator graduate Vidyard and FreshBooks.
Tags: Venture Capital, Venture Capital firm, Venture Capital group, Venture Capital industry, Venture Capital investment, Venture Capital Investor, Venture Capital fund, VC Funding, VC, Venture Capital Investors, VCs, Venture Capitalists, Katherine Barr, Mohr Davidow Ventures, Canada, HootSuite, Kik, Indochino, Technology Startup, Startup, Start-Up, Eloqua, Oracle, Taleo, Radian6, Salesforce.com, Y Combinator, Vidyard, FreshBooks.