Canadian VC hits 15-year high in 2016 with $3.7 bln invested - PE Hub
Venture capital investment in Canadian startups set an exceptionally strong pace in 2016, with a total of $3.7 billion invested in 571 financings, according to final data released by Thomson Reuters. Led by large-cap deals, including the US$225 million financing of BlueRock Therapeutics, dollars invested rose 36 percent from 2015 and reached a 15-year high. In contrast with dollar flows, the number of Canadian financing rounds in 2016 declined slightly (3 percent) year over year. Canadian venture capital fundraising also saw significant gains last year, with 26 funds raising $2.2 billion in total, representing an 81 percent increase over 2015 and a 13-year high.
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