Gavin Penny
Venture capital investment in Canadian startups continued at a strong pace in the first half of 2016, with a total of $1.76 billion invested in 316 financings, according to data released by Thomson Reuters. Led by deal-making in information technology sectors, dollars invested rose 48 percent from the same time in 2015, and reflected the best first-half result in the domestic market in 15 years. The number of financings was up 4 percent year over year, and represented the most deals done in a first half since 2005. Though fundraising in Canada’s VC industry was relatively weak in Q2 2016, fund commitments since January totaled $974 million, or 33 percent more than the first half of 2015.
Real Ventures announced that it has completed the first closing of its third venture capital fund at $50 million, with an ultimate target of $100 million. The fund will focus on web, mobile and internet focused investments in Canada and specifically in Quebec.
Real Ventures announced that it has completed the first closing of its third venture capital fund at $50 million, with an ultimate target of $100 million. The fund will focus on web, mobile and internet focused investments in Canada and specifically in Quebec.