133 venture capital (VC) financings completed in Q3 2023 for $1.08 billion into Canadian companies, representing drops of approximately 34% and 50% respectively from Q2, 2023.
For the first nine months of 2023, 507 financings completed, translation $4.63 billion into Canadian companies, compared to 535 financings for $6.62 billion for the same period in 2022.
It should be noted that the $4.62 billion raised for the first nine months represented less than half (48%) of total amount raised in 2022.
32 Canadian VC funds raised $1.17 billion in the first nine months of 2023.
CPE Analytics/Canadian Financings will be releasing a series of individual results, please check our daily post.
Next in the Series is “Where does the Canadian VC funding come from?”
About CPE Analytics/Canadian Financings
CPE Analytics is Canada’s leading all financing intelligence provider. We provide comprehensive, verified, unbiased and unmatched insights and intelligence on VC, private and public financings, initial public offerings (IPOs), M&As, fundraising activities.
We cover all aspects of VC, not limited to but including Canada’s only information on VC firm fundraising, VC funding sources (where all the VC funding came from).
CPE Analytics is the data analytics division of CPE Media & Data Company.