Slightly higher dollar flows reach more Canadian VC deals in first quarter
Canada's Venture Capital & Private Equity Association and Thomson Reuters have announced the results of Canadian venture capital market activity in the first quarter of 2014. The report found $378 million of VC invested in total in this period, up 2% from the same time last year. Financing rounds, totaling 122 in Q1 2014, rose a more substantial 16%. Slightly higher dollar flows owed to major deals, including those backing Edmonton's Aurinia, Vancouver's BuildDirect, and Dorval, Québec's Clementia. The fundraising of Canadian VC firms also increased in the first three months of the year, with $531 million committed in total, or 10% more year over year. A full report of Canadian VC market trends in Q1 2014 can be found here.
20 May 2014•4 mins read
