Today's News |
Canadian VC Funding Hits New Record in Q1 2016, Says Bloomberg ($881 Million CAD Raised)
Thursday, May 12, 2016
Vancouver, BC, May 12, 2016--(T-Net)--Canadian startups raised a record amount of money in the first quarter of 2016, according to PitchBook Data, which tracks venture capital and private-equity investments, says a new article from Bloomberg.
Private companies in Canada raised $881 million CAD across 103 rounds of funding in the first quarter, according to the article by Bloomberg (who used data from PitchBook Data to compile its report).
The Financial Post in Canada has also written a great article on this same subject (record financings raised by Canadian startups in Q1 2016) and you can see it online here.
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About PitchBook
Founded in 2007, PitchBook is the financial information technology provider trusted by leading investors, companies and advisors. Their core offering is the PitchBook Platform, award-winning data and analysis software that makes it easy to analyze private and public companies, global M&A, private equity and venture capital activity, along with the limited partners, investors, funds and advisors involved. In addition to providing technology and custom research services, PitchBook also publishes a daily newsletter and quarterly reports detailing key industry activities and trends. PitchBook is based in Seattle, WA, with offices in New York City and London.
Image Credit: Bloomberg and PitchBook
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