The Canadian Venture Capital & Private Equity Association’s new report says 2022 closed with a surprising turnaround following three consecutive quarters of decline
Venture capital and private equity investments in Canada are showing signs of stabilization after financing levels plunged for much of the past year, but the outlook for deal-making in the current year remains challenging.
“Sure, we might have closed 2022 strong, but 2023 is looking to be a tough year. We can’t expect Canada to defy gravity when the rest of the globe is below sea level in terms of its business activity.” A total of 706 venture capital deals worth $10-billion were signed in 2022, CVCA said. That’s compared with $14.7-billion across 752 deals in 2021.
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