VC funds invest $1.7 bln in Canada's tech companies in H1: CVCA
Canada’s venture capital market continued its five-year upward trajectory in the first half of 2018, according to a report by the Canadian Venture Capital and Private Equity Association (CVCA). Nearly $1 billion was invested by VC funds in 166 financings in the second quarter, bringing the year-to-date total to $1.7 billion, up 7 percent from the first half of 2017. Q2 2018 is the third time since early last year when dollars invested topped $1 billion. The average deal size in this period was $6 million, 13 percent higher than the average between 2013 and 2017. Information technology companies accounted for 64 percent of VC invested at the end of June, while life sciences and clean technology companies each took 12 percent.
23 August 2018•5 mins read
