42 venture capital funds raised $1.5 billion in 2016, according the study released by CPE Media.
24 private venture funds raised $1.17 billion and 4 private debt/royalty funds raised $68 million.
Among the 41 funds, 11 are single purpose vehicles (SPVs) raising $30 million. SPVs are increasingly becoming important as Canadian venture capital firm forgoing long fundraising cycle in favour of small and fast structured funds to invest and co-invest in companies. Also included in SPVs, are co-investment funds structured by crowdfunding platform such as InvestX.
Data is complied from Private Capital Dealbase, CPE Media’s all new private capital deal database. Information is collected and cross-verified from numerous public sources.
Venture Capital fundraising includes professionally managed venture capital funds, corporate or government dedicated funds. Excluded financing by publicly traded investment firms and fundraising by tax-incented retail funds.