Canadian VC invested hits $869 mln in Q1, best result in 14 years
Venture capital investment in Canadian startups continued at a very strong pace in Q1 2016 with a total of $869 million invested in 152 financings, according to data released by Thomson Reuters. Led by deal-making in information technology sectors, dollars invested in this period rose 61 percent from Q1 2015, reflecting the best quarterly result in the Canadian market in more than 14 years. Financing rounds, while down 4 percent year over year, nonetheless reflected the second-largest number for a first quarter since 2005. Fundraising in Canada’s venture capital industry also grew between January and March, accounting for $929 million, or 77 percent of total fund commitments during the whole of last year.
2 May 2016•3 mins read
