Atlantic Canadian companies secured a better-than-average $35 million in venture capital funding in the first quarter of 2021, and continued to attract private equity financing, said the Canadian Venture Capital and Private Equity Association on Tuesday.
The CVCA’s quarterly data showed that startups in the four eastern provinces completed 17 VC deals from January to March, amounting to $35 million. This strong-but-not-outstanding performance took place as Canada overall reported a record quarter for VC funding.
The association reported that Canada’s high-growth companies attracted $2.7