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“In 2022 Alberta surpassed Venture Capital investment records set in 2019, 2020 and 2021, with $729 million invested into 85 companies – marking the fourth consecutive year that Alberta achieved
a record high in VC activity.”
MESSAGE FROM THE BOARD OF DIRECTORS CHAIR AND THE CHIEF EXECUTIVE OFFICER
2022 was a tumultuous year for technology companies, with the rising cost of capital, and financial market slowdown delaying growth plans and causing Venture Capital investment to dip. While Canada’s Venture Capital ecosystem experienced a
30% decline in investments year-over-year, Alberta defied the trend. Our VC investment remained resilient and beat 2021 levels by 30%. 3
2022 2023
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