Canadian tech companies secure $1.36 bln of VC in Q1
Venture capital investment in Canadian technology companies continued at a strong pace in the first quarter of 2018, with $1.36 billion deployed to 128 financings, according to final data released by Thomson Reuters. In dollar terms, this represented the strongest quarter in 17 years and the fifth time in the past six quarters that Canadian companies raised more than $1 billion. Foreign investors played a key role in Q1 2018, accounting for over half of disbursements. Information technology investment stood at $780 million, the highest quarterly level since Q2 2001, while clean technology investment hit $376 million, more than doubling the prior record set in Q2 2013.
2 May 2018•4 mins read
