Shrinking Venture Capital Market in Canada
Posted: May 13th, 2009 | Author: Chim | Filed under: Food for thoughts, Links, Readings, Venture Capital | Tags: Articles, Association, Canada, Links, News, Readings, Trends, Venture Capital | No Comments »
Shrinking Canada VC market
The Canada’s Venture Capital & Private Equity Association released a report yesterday (May 12th) that the venture capital market continues to fall in the first quarter of 2009, continuing the shrinking trend from 2008.
In the Canadian landscape, only $ 275 million was invested, down from 25% from the $367 million from the first quarter of 2008. Also, the number of deals shrink from 136 to 102 (Q1 09′/Q1 08′) and the average value per deal is $2.7 million.
The US venture capital market raised $US 4.3 billion in Q1 2009, however Canada’s market only raised $ 149 million.
This is a great signal that something should change in the Canadian venture capital market.
Read the CVCA’s report here: http://www.cvca.ca/files/News/CVCA_Q1_2009_VC_Release_FINAL.pdf
