Foreign venture capital investment in Canada more than doubles

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canada_lrgForeign venture capital investment in Canada more than doubled in 2013, while activity by domestic investors also increased.

American venture capital funds and other foreign investors poured a total of $828m into Canadian companies compared with $384m in 2012, said the Canadian Venture Capital Association (CVCA).

Foreign investors saw their share of total venture capital investments in Canada climb to 42 per cent from 26 per cent in the previous year.

Meanwhile, Canadian investment firms invested more than $1.1bn last year, marking a two per cent increase from 2012.

Activity by domestic investors was driven by private-independent funds, government funds and retail funds.

The surge in venture investment activity in the country was reflected in most Canadian regions.

Ontario was in the lead with $676m of venture capital attracted last year, accounting for 35 per cent of the total for the country.

Quebec received investments totaling $589m in 2013, up 46 per cent from the prior year, while venture investments in British Columbia more than doubled to $478m compared with only $198m in 2012.

Alberta also saw an increase in investment activity, attracting $155m compared with $96m in the previous year.

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