Atlantic Canadian startups are on track to raise more than $100 million in equity financing this year now that the Canadian Venture Capital and Private Equity Association said the region attracted $79 million in venture capital in the first three quarters.
The Association, which is known as the CVCA, released its third-quarter statistics on Thursday, and they show a huge leap in funding in Nova Scotia over the first-half figures.
While Atlantic Canadian startups raised an impressive $38 million in the third-quarter, the Canadian numbers overall between July and September were disappointing.