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Firms within the Healthcare sector raised $5.9 million.
There have been 9 VC fund closes within the first half of 2023 with $1.6 billion in commitments led by the C$300 million closing of Vertu Companions Fund l.
The report reveals that Canadian firms accomplished 5 VC-backed exits totaling C$1.8 billion throughout first half of 2023, a 54% decline within the variety of exits and 39% drop in values when in comparison with first half of 2022.
Resilient business
Regardless of continued challenges, the Canadian VC panorama stays sturdy and resilient, as highlighted by the Enterprise Growth Financial institution of Canada earlier this 12 months.
“Within the subsequent cycle of enterprise investing in Canada, resiliency and prudent administration of capital will play a key function” mentioned Jérôme Nycz, government vp at BDC Capital. “Our business has progressed considerably over the previous decade, together with by means of diversification, a rising variety of established GPs and elevated curiosity from overseas traders within the asset class.”
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