The Peak Daily Down round 📈 - Canadian VC struggles, Kepler launches satellite network
Jan 12, 2026
Canadian venture capitalists are facing a fundraising slump, raising only $2.1 billion— their worst year since 2016. Meanwhile, Kepler has launched ten high-tech satellites equipped with laser links to enhance data transmission for emergencies. The podcast also touches on significant global news, including Elon Musk's plans to open-source X's recommendation algorithm, Iran's increasing tensions, and the surprising closure of GameStop stores across the U.S. It’s a mix of finance, tech, and current affairs!
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Canadian VC Funding Hit A Multi-Year Low
- Canadian VC fundraising fell to $2.1B in 2025, the weakest since 2016 and below the $3.1B average.
- Emerging managers raised just $249M, signaling a fragile pipeline for future startup funding.
Flight To Established Funds Risks Future Pipeline
- Investors moved capital away from emerging managers toward established funds, favoring perceived safety in uncertainty.
- That shift risks drying up the future cohort of investors who back the next generation of startups.
Check In And Support Emerging Managers
- Do check in with VCs you know: less capital means fewer startup checks and slower ecosystem growth.
- Support or connect emerging managers to preserve future funding channels for startups.