Home Breadcrumb caret Industry News Breadcrumb caret Industry U.S. investors powered Canadian VC financing in Q1 American investors contributed $673.7 million of the $1.28 billion raised By Staff | May 1, 2019 | Last updated on May 1, 2019 1 min read U.S. investors pumped $673.7 million into Canadian venture capital (VC) financing during the first quarter of 2019, a new report says. According to the Canadian Venture Capital Report Q1 2019, released on Wednesday by CPE Media Analytics, 117 Canadian venture capital financings took place in the quarter, raising a total of $1.28 billion. Investors in the U.S. contributed 53% of the capital, while Canadian investors contributed $499.5 million, representing 39% of total disbursements. More than half of all investments came from large deals: 13 deals each worth $20 million or more accounted for $773.3 million (61%) of total disbursements. Ontario companies received $803.2 million (63%) in VC investment, followed by Quebec ($171.1 million, or 13%) and British Columbia ($169 million, or 13%). Toronto led all cities with $446 million (35%), followed by Montreal ($143.1 million, or 11%) and Hamilton, Ont. ($140.8 million, or 11%). Early-stage deals, which include pre-seed and seed financing, received $749.8 million in investments (representing 59% of the total). Series A + B deals received $591 million (46%), but this figure was distorted by unclassified Series deals, which raised $459.7 million (36%). The information and communications technology sector led the way with $697.6 million in investment (55%), followed by biotech with $333.7 million (26%), CPE Media Analytics said. Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo