Canadian VC flows hit $804 mln in Q1, second strongest in 16 years
Venture capital investment in Canadian technology startups continued at a strong pace in the first quarter, with a total of $804 million invested in 115 financing rounds, according to final data released by Thomson Reuters. While in dollar terms these results mark a year-over-year decline of 10 percent, Q1 2017 was the second most active first quarter in the domestic market since 2001. The number of deals done was reduced more considerably, or 27 percent below the volume reported in Q1 2016. Fundraising activity was also slower between January and March, as seven Canadian venture capital funds accounted for only $169 million in commitments.
3 May 2017•3 mins read
