According to the Canadian Venture Capital & Private Equity Association’s 2015 first quarter market activity reports, venture capital activity grew moderately.
There were 121 VC deals (up from 109 in Q1 2014) with $362 million invested in Q1 2015, a three per cent increase in investment from the same period last year ($351 million).
“Our members have extended investment horizons which makes them less susceptible to market shocks and allows them to be opportunistic,” said Mike Woollatt, CEO of CVCA. “And there are plenty of opportunities in Canada in both venture capital and private equity. Canada remains an attractive country for investment.”
ICT remains the sector leader for VC, capturing 86 deals and $240 million invested (71% and 66% respectively). Next top three sectors: Life Sciences accounted for 16 deals, capturing $92 million, followed by Clean Technology at eight deals and $16 million invested, and then Agribusiness with nine deals and $11 million invested.
The majority of VC deal and investment activity took place in Ontario with 55 deals, capturing $237 million invested. Quebec came in second place with 34 deals and $51 million invested, followed by BC with 13 deals and $50 million invested, according to CVCA.
Nine funds raised $196 million. The median raised was $15 million. Of note, high net-worth individuals drive the vast majority of fund raising accounting for 57 percent of investment dollars at $111 million.