Members of Canada’s technology sector say they’re worried the collapse of the Silicon Valley Bank (SVB) will have a chilling effect on investments in the already-hampered sector.
They say some Canadian startups have been worried about cash flow and many are fretting how they’ll raise their next round of funding after U.S. regulators closed the California bank on Friday, when its clients rushed to withdraw billions of dollars as they feared for the organization’s solvency.
