Saturday, August 20, 2022
HomeWealth ManagementCanadian venture capital slumps in second quarter

Canadian venture capital slumps in second quarter


US investors accounted for $2.62 billion or 55% of the half-year total, while other international VCs added $689 million, or 15%.

Canadian VCs increased their share of total disbursements to 30% with $1.41 billion, up from a historical low of 27% in the previous quarter.

US private VCs, foreign corporates, Canadian private VCs, US corporates, Canadian governments, and Canadian corporates were the six investor types participating in the market in the first half of 2022.

ICT in demand

Canadian firms in the information and communications technology (ICT) sector were in demand in the first six months of 2022.

The sector attracted $2.78 billion, or 59% of the total, followed by financial companies with $634 million, cleantech with $603 million,  and biotech with $464 million.

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