2016 was the seventh straight year of venture capital investment growth in Canada—and the country’s biggest year for VC investment since 2001.
VC investment in Canada was $3.2 billion across 530 deals in 2o16, a 41% jump year-over-year. The big year was driven by big deals (over $50 million): eleven of them, in fact, compared with just five in 2015, according to the Canadian Venture Capital Association.
“2016 was a banner year for VC investment levels,” says Mike Woollatt, chief executive officer of CVCA. “Canadian venture capital is supporting entrepreneurs at levels we haven’t seen in quite some time.”
The average deal size in 2016 was $6.1 million, the highest since 1999 and up 44% from 2015.