Canadian tech companies secure $2.5 bln of VC in first half
Venture capital investment in Canadian technology companies continued at a strong pace in the first half of 2018, with $2.5 billion deployed to 282 financings, according to final data released by Thomson Reuters. In dollar terms, this marked the strongest first half in 17 years and the sixth time in the past seven quarters that companies raised more than $1 billion. Foreign funds played a key role in the first half as activity by Canadian funds slumped to 46 percent of total VC invested. Dealmaking in information technology sectors reflected $1.7 billion at the end of June, while investment in clean technology sectors hit $462 million. Life sciences sectors, however, saw a sixth consecutive quarter of declining activity, netting only $250 million.
