Any time an economic metric more than quadruples in one year, you have to figure it was a pretty good year. So, 2018 was definitely a good period for funding by New Brunswick startups.
Though all the funding from last year has yet to be announced, the deals that are already public amount to about $69 million in 2018. This compares with the Canadian Venture Capital and Private Equity Association’s finding that New Brunswick companies raised $16 million in 2017.
Admittedly, 2017 was a weak year for funding in the province, but the amount of equity capital raised in 2018 was off the charts.