Canada's tech start ups face financing hurdles with SVB collapse

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TORONTO — Last week’s sudden collapse of Silicon Valley Bank (SVB) could choke funding for Canada’s technology start\u002Dups and place them in the hands of…

Companies including Shopify Inc were examples of Canada’s tech success story, which helped pull more investments into the sector.

Selfe at INFOR Financial said while SVB Canada was a smaller player “it was an important competitor in that market.”Article content Benjamin Bergen, president at Council of Canadian Innovators, a lobby group for Canadian technology companies, agreed.

 

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