Venture Capital funding hit a lull in Atlantic Canada in the first quarter of 2019, according to the Canadian Venture Capital and Private Equity Association.
The association, known as the CVCA, issued its quarterly data report on Tuesday, showing that Atlantic Canada raised a total of $22.4 million in the three months to March 31. It was a decline from the rabid funding witnessed in 2018, when the region averaged $39.5 million per quarter, according to the CVCA.
The group found that in the first quarter of 2019, Nova Scotian startups raised $16 million in four deals, while New Brunswick