CVCA: $1.9B in Canadian VC investments in 2014

CVCA 2014 report

The Canadian Venture Capital & Private Equity Association (CVCA) has released its 2014 report on investment in Canada. The report states that there was a total of 379 venture capital deals in Canada in 2014, with the amount of disclosed VC investments totalling $1.9 billion. Comparatively, the CVCA reported 296 private equity deals in Canada with $41.2 billion invested.

ICT (Information and Communications Technology) by far was the largest Canadian venture capital sector, accounting for 63% ($1.3 billion) of all completed deals, with life sciences ($423 million) and clean technology ($133 million) accounting for the rest. Ontario accounted for almost half of the deals at 154, with Quebec (87 deals) and British Columbia (72) splitting the rest.

In terms of VC funds, the CVCA reported that 33 different funds raised a total of $1.2 billion in 2014, with the median fund amount raised being $17 million. Check the gallery below for the breakdown of investments by fund.

To put these results in perspective, according to PWC, the amount of disclosed VC investments in the U.S. for Q3 2014 alone was $9.9 billion, with $33 billion invested through three quarters of 2014. Or as BetaKit reader (and co-Founder of Janbr) Brandon Wang put it, “It blows my mind that Uber has raised more than 2x the funding of all of Canada in a year.”

Those interested in reading the full CVCA venture capital market activity report can do so here.

CVCA 2014 report

CVCA 2014 report

CVCA 2014 report

Douglas Soltys

Douglas Soltys

Douglas Soltys is the Editor-in-Chief of BetaKit and founder of BetaKit Incorporated. He has worked for a few failed companies and written about many more. He spends too much time on the Internet.

  • R7D

    I don’t think Brandon Wang’s comment is a fair one. There are no VC markets on earth like
    California and Massachusetts (when you look at VC as a percentage of GDP).

    We should be celebrating the fact that Ontario alone received $932 million in VC
    investment last year. That would place it in the top ten of North American states and provinces.