Canadian VC invested hits $1.8 bln in H1, best result in 15 years
Venture capital investment in Canadian startups continued at a strong pace in the first half of 2016, with a total of $1.76 billion invested in 316 financings, according to data released by Thomson Reuters. Led by deal-making in information technology sectors, dollars invested rose 48 percent from the same time in 2015, and reflected the best first-half result in the domestic market in 15 years. The number of financings was up 4 percent year over year, and represented the most deals done in a first half since 2005. Though fundraising in Canada’s VC industry was relatively weak in Q2 2016, fund commitments since January totaled $974 million, or 33 percent more than the first half of 2015.
2 August 2016•3 mins read
