Foreign funds help Canadian VC invested hit $4 bln in 2017
Venture capital investment in Canadian technology companies continued at a strong pace in 2017, with $4 billion deployed to 502 financings, according to final data released by Thomson Reuters. In dollar terms, this represented a 12 percent increase from 2016. Deal-making appeared to slow in Q4 2017, when VC funds invested only $890 million in the domestic market, marking the end of a four-quarter run of values exceeding $1 billion. Foreign investors played a key role in 2017 trends, accounting for more than half of all disbursements. Canadian IT companies captured most VC investment, or $2.5 billion, the highest level of activity in the sector since 2001.
5 February 2018•4 mins read
