How BC tech firms are breaking through frigid VC climate
December 7, 2022
Michael Anderson and his team spent much of 2022 on the hunt for what he describes as “Goldilocks partners” for his Vancouver tech firm Expeto Wireless Inc. The company specializes in simplifying enterprise networking over private and public mobile networks. And in a bid to boost growth, Anderson was after new investors to serve as those coveted Goldilocks partners.
But new investors in the venture capital space have been proving more challenging to come by as central banks across the globe hike rates to curb inflation. All that cheap capital flowing in abundance at the outset of the pandemic has since given way to what experts at business services firm KPMG Canada are calling a “return to normal.”