Canadian Sports Tech Investment Keeps Ticking Upward

The sports technology investment market has been steadily growing steadily since 2016, according to the 2019 North American SportTech report from SportTechX.

There has also been an increase in average deal value in the last three years moving from $670,000 in 2016 to $1.76 million in 2018.

Ontario is the top region in the country, driven by the healthy ecosystem in Toronto. While Vancouver and Montreal are very close in terms of start-ups founded, Vancouver is the clear leader between the two making it the second city in the country.

Halifax saw one big deal in 2015 in the Activity Data & Analytics sector but hasn’t seen much activity, since while Montreal sees regular investment every year. Toronto and Vancouver, while going through peaks and troughs, have seen relatively consistent investment trends.