Canadian startups attract $2 bln in venture capital investment in 2013, up 31%
Canada's Venture Capital & Private Equity Association (CVCA) and Thomson Reuters announced the results of Canadian venture capital investment activity in 2013. The report found a total of $2.0 billion invested last year, up 31% from 2012, and reflecting the highest level of disbursements since 2007. Deal-making was led in information technology sectors, and by a number of major financings, including the US$165 million Series B financing of Vancouver’s HootSuite, the largest in the domestic market's history. Year-over-year growth was supported by increased activity on the part of both Canadian and foreign VC funds. In contrast with deal trends, VC fund-raising activity, totaling $1.3 billion in 2013, declined 24% relative to the especially strong fund-raising year that was reported in 2012. Full reports of Canadian market trends in 2013 can be downloaded in english and in french.
