Canadian VC invested tops $2.3 bln in 2014, best year since 2002
Venture capital investment in Canadian startups reached a twelve-year high in 2014 with over $2.3 billion invested in 522 deals, according to data released by Thomson Reuters. This reflected a 21 percent increase over 2013 and the most active year in the domestic market since 2002. Investment activity was primarily led in information technology sectors, in which 226 companies received over $1.4 billion invested, up 38 percent from 2013. Canadian venture capital firms also invested more money in global markets: $409 million, which is up 76 percent year over year. On the other hand, Canadian venture capital fundraising fell by 15 percent in 2014, relative to the year before, with new commitments to funds totaling $1.2 billion this time around.
