Canadian tech companies raise $690 mln of VC in Q1: CVCA
Canada’s venture capital market saw year-over-year growth in dollar terms in the first quarter of 2018, according to a report by the Canadian Venture Capital and Private Equity Association (CVCA). A total of $690 million was invested in 139 financings in this period, up 6 percent from the $649 million invested in Q1 2017. One key to Q1 2018 results was three rounds of $50 million-plus, which accounted for 34 percent of VC invested. Information and communication technology companies led dealmaking between January and March, capturing $423 million , or 61 percent of the total, while clean technology companies took $132 million, or a 19 percent share.
30 May 2018•4 mins read
