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Atlantic Canada Books $158M in VC

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Led by an off-the-charts performance in New Brunswick, Atlantic Canada recorded $158 million in venture capital investment in 2018, accounting for its biggest ever proportion of Canada’s VC funding.

The Canadian Venture Capital and Private Equity Association, known as the CVCA, released its annual data on Wednesday, which showed that VC funding in Atlantic Canada rose by 60 percent from $99 million in 2017, and shattered the previous record of $103 million in 2016. The four eastern provinces accounted for 4.3 percent of Canada’s VC funding last year, beating the previous high of 3.2 percent


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