Canadian venture market turns in billion-dollar Q1 2019: CVCA

Venture capital funds put $1 billion to work in 142 Canadian technology deals in the first quarter of 2019, according to a report by the Canadian Venture Capital and Private Equity Association (CVCA). CVCA said Q1 2019 marked the fifth billion-dollar quarter in Canada since 2013 and saw 48 percent more dollars invested than in Q1 2018. The report found seven mega-rounds ($50 million-plus) during January through March, which accounted for 57 percent of the total invested. Information and communication technology companies captured 59 percent of VC invested in Q1 2019, followed by clean technology companies, which took 19 percent. Late-stage companies secured 47 percent, the largest share since 2014.

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