VC investment in Canada hit its second highest level last year, Canada’s annual Gairdner awards announced, Quebec SMEs benefit from a $9 million e-commerce boost, Ontario invests in autonomous vehicles, and more.
Organization: Canadian Venture Capital and Private Equity Association
NACO to launch pan-regional digital hub in Calgary to connect entrepreneurs with investors
The Toronto-based National Angel Capital Organization (NACO) will establish the first pan-regional digital hub for investors and entrepreneurs in a custom-built space in the new Platform Innovation Centre being built by Platform Calgary in downtown Calgary.
Reports: Q1 2018 records strong VC interest, but PE growth ‘slow’
Investments in innovative companies were up in the first quarter of 2018 (Q1/18) across several sectors with venture capital funds leading the way, according to two new reports on Canadian activity. However, when it comes to private equity investments, one report indicates that investments were relatively slow but still bigger in value.
VC investments, exits bounce back in 2015
The venture capital industry staged a healthy comeback in 2015 with $2.3 billion invested in 536 deals — an increase of 24% and 12% respectively. VC exits also exploded to $4.3 billion, driven by three large IPOs — the Vancouver-based clinical-stage oncology company ProNAi Therapeutics Inc ($158.4 million), Shopify ($131 million), and David’s Tea (US…
BDC and NBIMC honoured for investment in Q1 Labs
The BDC Venture Capital and co-investor New Brunswick Investment Management Corp (NBIMC) have won the 2012 Deal of the Year Award for their investment in Q1 Labs Inc, a provider of security intelligence software founded in New Brunswick and acquired by IBM in 2011. The award was presented by the Canadian Venture Capital and Private…
Quebec gains ground as VC investment plunges
Quebec bucked the trend for venture capital investment in 2009, which hit a 13-year low nationally with just $1 billion in deal activity, down from $1.4 billion in 2008. Quebec attracted $431 million in 2009, up from $392 million the previous year. In contrast, activity in Ontario plunged from $575 million in 2008 to just…
CVCA calls for immediate action to address VC crisis
Canadian venture capital (VC) investment shows no sign of pulling out of its long downward spiral, according to depressing new data from Thompson Reuters. For Q3/09, VC investment across Canada totaled just $191 million, down 51% from the same period in 2008. VC investment for the first three quarters of 2009 stands at $682 million,…
VC industry in crisis, says new CVCA report
A new report from the Canadian Venture Capital and Private Equity Association (CVCA) shows that the Canadian VC industry is in decline. VC investment between 2003 and Q3/08 dropped by 35% compared to the US industry which increased 17% in the same period. “Fund raising is shrinking and the investment pace by Canadian funds is…