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Toronto’s Simple Ventures raises $15M to boost Canadian startups amid declining entrepreneurship.
A Toronto-based venture firm, Simple Ventures, has raised $15 million from Canadian institutions and tech leaders including Wealthsimple’s Mike Katchen, Shopify’s Harley Finkelstein, TD Bank, Sun Life Financial, Sobeys, and angel investors to support new Canadian startups.
The fund aims to help entrepreneurs launch ventures that might otherwise lack resources, addressing a decline in Canadian entrepreneurship despite population growth.
Data shows a loss of 100,000 entrepreneurs over the past two decades, fueling efforts to strengthen the domestic innovation ecosystem and encourage talent to return from abroad.
The initiative reflects broader concerns about Canada’s startup vitality and seeks to boost early-stage funding and homegrown business creation.
Simple Ventures de Toronto recauda $ 15M para impulsar las startups canadienses en medio de la disminución de la iniciativa empresarial.