Canadian Venture Capital Scene Remains Strong as 2015 Draws to Close

Canadian venture capital investment is on pace for another strong year, according to the Canadian Venture Capital & Private Equity Association.

VC investment was strong over the first nine months of 2015 with 410 completed deals, capturing $1.6 billion, says CVCA. This is a 31 per cent increase in deal volume, and 15 per cent increase in disbursements over the same period last year.

Other insights from CVCA’s latest report reveal that VC fund raising in 2015 has already surpassed last year’s total (2015 = $1.3 billion vs. 2014 = $1.2 billion), and there’s a trend toward early-stage investing which has captured the majority (52%) of investments at $843 million to date. Early-stage investing captured 33% of total investments in 2013 and 40% in 2014.

 “We’re seeing a sustained uptick in venture capital that shows this is now a $2 billion plus and growing business in Canada, which is a significant milestone for this industry,” said Mike Woollatt, CEO, CVCA. 

ICT remains the sector leader capturing 238 deals and $947 million invested. The majority of VC deal and investment activity took place in Ontario with 152 deals, capturing $708 million invested. Quebec was second largest with 140 deals and $484 million invested, followed by BC with 61 deals and $290 million invested.