U.S. Investors Drive Canadian VCs
Driven primarily by U.S. and international investors, Canadian venture capital (VC) investments in the fourth quarter of 2022 may easily surpass the $2.2 billion mark, says CPE Analytics/Canadian Financings' preliminary ‘2022 Canadian Venture Capital Report.’ As of 2022 year-end, $2.18 billion has been tallied for the quarter and $8.19 billion for the year 2022. This means 2022 is becoming the second-best Canadian VC year behind the record year 2021. U.S. and international investors played dominant roles in propelling fourth quarter investments, accounting for 49 per cent and 18 per cent of total disbursements respectively. Overall U.S. and international investors accounted for 47 per cent and 19 per cent of 2022 total disbursements.