Canada’s tech companies raise $3.7 bln of VC in 2018: CVCA
Investment activity in Canada’s venture capital (VC) market in 2018 largely matched 2017's results in dollar terms, according to a report by the Canadian Venture Capital and Private Equity Association (CVCA). A total of $3.7 billion was invested in technology companies as of December 31, down a moderate 2 percent from 2017. The year-end total was strengthened by fourth-quarter activity, which saw nearly $1.3 billion invested in 165 financings, up 16 percent from the same time in 2017. Q4 2018 was one of two quarters last year when VC deployments rose above the $1 billion mark. IT sectors accounted for more than two-thirds of total VC invested in Canada in 2018, followed by life sciences sectors, which took a 17 percent share.
13 March 2019•5 mins read
