Québec sees 46% growth in VC invested, healthy PE deal-making, in 2013
A total of $588 million was invested in 151 companies in Québec's venture capital market in 2013, up 46% from 2012 and reflecting the highest level of disbursements since 2007, according to data provided by Thomson Reuters and released by Réseau Capital. Québec financings consequently took a higher proportion of dollars invested across Canada last year, or 30% of the nearly $2 billion invested in total. Additionally, buyout and related private equity deal-making in Québec accounted for a sizeable $3.6 billion in disclosed values in 2013, down 20% from the year before, but surpassing activity in 2011, 2010 and 2009. Close to two-thirds of the 120 transactions announced or completed in total in Québec last year showed disclosed values of $10 million or less.
