Atlantic Canada Doubles Venture Capital Investment Powered By N.B. Gains
Atlantic Canada recorded almost twice the venture capital investment in the first nine months of 2018 compared with the same period last year, powered by record funding in New Brunswick.
The Canadian Venture Capital Association on Monday released its funding data for the third quarter, which said the region booked about $41 million in 16 VC deals. The big news was that New Brunswick, which had a slow year in funding in 2017, led the pack in July to September of this year with 10 deals worth $32 million.
During the first nine months of this year, the region raised $122 million in 51 deals. That means that the region has almost doubled its VC fund from the first three quarters of 2017, when the region raised $65 million in VC.
Here is the breakdown for venture capital investment so far this year in Atlantic Canada:
Read more about this story in Entrevestor.
Banner photo: Resson uses advanced technologies such as drones, high-resolution cameras, artificial intelligence and cloud computing. The Fredericton-based company received $14-million in venture capital investment earlier this year. (Image: Submitted)