Canadian venture’s record-busting 2016 on back of local investors
Canadian venture investing hit a 15-year high in 2016 thanks to numerous large-sized rounds, many of them the outcome of years of heavy lifting by local investors. VC funds invested $3.7 billion in 2016, up 36 percent from 2015, according to data from Thomson Reuters. The key variable was big financings. Fourteen rounds sized north of $50 million took $1.4 billion, or 37 percent, of the total invested. That’s a record concentration of cash in Canada’s top deals.
17 February 2017•4 mins read
