CPE Media Analytics released its venture capital report for the first three quarters of 2019: investments from US investors now accounted for half of all VC $ went to Canadian companies.
First half of 2019 Canadian VC set a torrid pace, with 264 financings completed totaling $2.9 billion, on pace to pass $5B mark for first time since 2000
CPE Media Analytics released comprehensive results for initial public offerings (IPOs) for the first half of 2019.
Q1 2019 Canada VC Results highlight: US investors accounted for 53% of total disbursement, Ontario companies received lion’s share (63%) of disbursements
US investors invested $6.03 billion, accounting for 61% of $10 billion disclosed cannabis investments, almost doubling of the total amount by Canadian investors ($3.1 billion)
Ontario cannabis and related companies received lion’s share of cannabis investments. US and companies with major US operations captured increasing share of investments with $3.64B (23%)
The CSE most active exchange in Canada leading with 349 cannabis and related deals for $4.65B (29% of the $16 billion total)
Cannabis and related companies raised $16 billion in 2018, 445% increase over 2017 and 2,117% over 2016.
Canadian VC/PE backed IPOs overwhelmingly underperformed against US VC/PE backed IPOs and VC backed IPO underperformed PE Backed IPOs, CPE Media Analytics report found
The last business day before Christmas was the busiest financing closing day with the closing of 53, 86 and 75 financings respectively in 2016, 2017 and 2018.
US VCs invested $439M, 2.7 times of the $162M invested by Canadian VCs. International CVCs invested $120M, ranking 3rd behind US VCs and Canadian VCs.
Every VC dollar raised by Canadian companies, 55 cents from foreign sources with almost 40 cents from USA alone, only 45 cents from Canadian sources.
CPE Media released its inaugural and ground-breaking report into venture capital (VC) activity in Canada for first half (H1) of 2017.
Bain Capital backed Canada Goose and CCMP backed Jamieson led all VC/PE backed IPOs with 40% and 17% gain. Zymeworks, Freshii, Source Energy and STEP Energy lost stock value.
US VCs and Corporate Venturing led all VC disbursements in Canadian startups – CPE Media preliminary 1st Half 2017 results
Biotech, Oil & Gas and Mining led $30.8B public financing in Q1 2017, accounting for 71% of the total amount.
Driven by debt financing, Canadian public market financing started 2017 on a very positive note.
