Canada defies global VC trends with $2.2 bln invested in 2016: report

Venture capital invested in Canada in 2016 largely kept pace with trends of the year before, with more than $2.2 billion (US$1.7 billion) disbursed to 266 deals, according to the MoneyTree Report from PwC Canada and CB Insights. The report found Canadian investment activity last year contrasted "significantly with the global picture," where deals declined 10 percent and funding fell 23 percent relative to 2015. Chris Dulny, national technology sector leader at PwC Canada, said the domestic market's "standout" trends "underscore the strength of the Canadian tech sector."

CanadaNorth AmericaBriefs