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CVCA Says First Quarter Saw Record Level of Canadian Venture Capital Financings With $2.7 Billion Invested, Forecasts 'Fabulous Year' in 2021
Tuesday, May 25, 2021
Toronto, ON, May 25, 2021--(T-Net)--The Globe and Mail reported today that Canadian early-stage companies, riding a wave of pandemic-related interest and demand, have raised a record amount of venture capital in the first quarter, according to the Canadian Venture Capital and Private Equity Association.
The CVCA said Canadian companies raised $2.7-billion in venture capital over 175 deals in the period. That's up sharply from the $831-million raised in 117 deals in the same quarter a year ago, which was affected as the pandemic shut down economies in March.
See the full story on the Globe and Mail website here.
About The Canadian Venture Capital and Private Equity Association (CVCA)
We're how collaboration happens and how innovation and growth thrive. The CVCA is Canada's professional association for the venture capital and private equity industry. Our services and support establish a favourable and competitive ecosystem and lay the foundation for greater collaboration, innovation, growth and market intelligence.
We strongly advocate for fair and competitive policy to keep our industry energized and future-ready. From coast to coast, we bring members together; connecting private capital professionals to each other generating meaningful partnerships, enabling connections to foster and knowledge to prosper.
We're also the nation's ultimate resource for data on Canadian private capital investments.
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