Innovation.ca has a piece on Canadian Space Tourism ventures.
A point of clarification: The Canadian Arrow team does have a funding source, even though it's not mentioned in this piece.
What's interesting is that Dr. Chrinjeev Kathuria, the funding source of the Canadian Arrow, chose the Arrow to fund, and not Feeney's Davinci Project team. Feeney's team needs only $800,000 to $1,000,000 to complete it's first launcher. The Arrow team needs 5 to 6 million. It would seem that the most surefire bet is to fund Feeney's team as an investment since they are closer to the goal. He didn't do that. Is it possible that Kathuria knows something we don't know?
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