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Staff Canadian venture capital (VC) funding hit an all-time high of US$2.49 billion in the first quarter, shattering the previous record of US$1.52 billion set in Q4 2019, according to a report from KPMG. Canada’s innovation ecosystem was particularly attractive to foreign investors, who accounted for US$1.82 billion in Canadian VC funding. The majority of foreign investment came from the U.S., KPMG reported. There were 157 deals in the quarter, including 54 seed financings, 39 early stage financings and 64 later stage financings. The surge in VC investment was driven by five investment rou...

IE Staff Canadian venture capital (VC) funding hit an all-time high of US$2.49 billion in the first quarter, shattering the previous record of US$1.52 billion set in Q4 2019, according to a report from KPMG. Canada’s innovation ecosystem was particularly attractive to foreign investors, who accounted for US$1.82 billion in Canadian VC funding. The majority of foreign investment came from the U.S., KPMG reported. There were 157 deals in the quarter, including 54 seed financings, 39 early stage financings and 64 later stage financings. The surge in VC investment was driven by five investment ...