Canadian venture capital (VC) disbursements passed $7 billion mark with $7.54 billion for the first half of 2021. This is not distorted and inflated by mortgage and secondary fundings.
US and foreign investors invested $4.37 billion and $1.11 billion respectively in Canadian companies, accounting for 58% and 15% of the total Canadian VC funding.
US VC and US Mutual/Hedge Fund investors led all investor types, investing $2.10 billion and $876 million respectively. Canadian VC ranked fourth investing $624 million while Canadian Institutional VC contributed $383 million.
ICT companies attracted $4.75 billion in VC disbursement, almost four times of life sciences disbursements.
Growth and late stage investments, for first time in Canadian history, led with $3.32 billion ahead of $3.21 billion in early stage investments.
Dentons Canada LLP led all law firms with 28 VC deals, ahead of Fasken and Osler.
For Canada’s only comprehensive venture capital analysis and findings, download a copy of Canadian Venture Capital Report – An Overview from Financings.ca:
Methodology
Included
- Equity and quasi-equity investments received by companies
Excluded
- Mortgage funding and senior debt as part of an overall funding round (over 90% of Fraction’s announced $289 million funding round is mortgage funding, which should NEVER be accounted as VC. In addition, Fraction’s financing closed in Q4 2020 not in Q1 2021 as recorded by some date providers).
- Secondary transactions in which companies received no money
News release
https://www.newswire.ca/news-releases/us-and-other-foreign-investors-play-dominant-role-in-7-54b-h1-vc-financing-829435381.html