Canadian tech companies raise $2.8 bln of VC in H1, up 12 pct
Venture capital (VC) investment in Canadian technology companies sustained a robust pace in the second quarter of 2019, with $1.4 billion deployed across 153 financings, according to final data released by Refinitiv. This marked the most active April-through-June period in dollar terms since 2000. The number of rounds, however, were down slightly year over year. As a result, VC investment in the first half of the year hit $2.8 billion, up 12 percent from $2.5 billion invested at the same time in 2018. Life sciences sectors secured $587 million in the first half, more than the entire 2018 amount. In contrast, information technology sectors captured a relatively flat $1.7 billion.
14 August 2019•4 mins read
