Canadian venture capital activity sees strong Q2 with $505 mln invested
Investment activity in Canada’s venture capital market showed continued growth in the second quarter of 2014, according to data released today by Canada’s Venture Capital and Private Equity Association. VC funds deployed a total of $505 million to deals across the country in this period, or 11 percent more than the $455 million invested during the same period in 2013. Disbursement levels in the quarter were also up 31 percent from the $385 million that was invested in the first quarter of this year. The number of VC-backed financing rounds also increased between April and June. Canadian innovative companies were financed by 130 deals in total this time around, up 17 percent from the 111 deals done in the second quarter of 2013. Financings completed in the second quarter of this year were also slightly higher than they were between January and March.
