“Q3 shows two positive trends, first an uninterrupted growth at the seed stage and second, a higher than historical average allocation to cleantech.”
This quarter, investments in early and seed-stage companies showed the greatest resilience, making up 45% and 43% of all transactions, respectively. With $152 million invested at the seed stage across 62 deals, the YTD total has reached $630 million, almost double the amount invested in 2020 and on pace to surpass 2021’s record by year’s end.
CAD $4.5 billion invested over 271 deals, the information, communications, and technology (ICT) sector continues to lead in terms of investment, accounting for more than half of all VC deals thus far.
The life sciences vertical has finalized 82 deals this year, or 16% of all deals, amounting to 12% of total VC deal value. With $459M invested across 36 agreements, cleantech investment exceeded 2020 levels. Investments in the cleantech sector are being driven by institutional and governmental net-zero ambitions.
Looking at the private equity space, the third quarter of 2022 saw $2.4B invested into 199 deals, bringing the year-to-date (YTD) total to $6.5B across 622 deals.
