VC funds invest $3.2 bln in Canadian tech companies YTD
Venture capital (VC) investment in Canadian technology companies slowed slightly in Q3 2018, with $694 million deployed to 105 financings, according to final data released by Refinitiv. This marked only the second time in the past two years when quarterly dollar flows fell below $1 billion. However, since January, technology companies have raised $3.2 billion from VC funds, which represents the most active first nine months in dollar terms in 17 years. U.S. VC funds played a key role in year-to-date trends, accounting for 43 percent of the total invested. Information technology sectors remained the main driver of VC investment, securing $2.2 billion at the end of September.
2 November 2018•4 mins read
