VC, private equity investment in Canada hits record in Q1

Private companies in Canada attracted a record $881 million in 103 funding rounds from venture capital and private equity investors during the first quarter. “You have all the VCs on Sand Hill fighting for the next big American startup,” said Mike Woollatt, chief executive of the Canadian Venture Capital and Private Equity Association. “But while I was in the Valley this week talking to folks, suddenly now everyone’s interested in Canada, saying, ‘What’s going on up there? You have all this stuff happening.”

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