VC Funding Decreases

Canadian companies secured $1.17 billion in venture capital (VC) funding through 127 financings in the second quarter of 2022, down 67 per cent from the amount raised in the first quarter and 76 per cent from the amount raised in the same quarter last year. For the first half of 2022, Canadian VC disbursements reached $4.72 billion from 299 financings, down 40 per cent from total disbursements in first half 2021. U.S. and foreign investors invested $2.62 billion and $689 million or 55 per cent and 15 per cent of the total disbursements respectively. Canadian investors invested $1.41 billion or 30 per cent of the total, up from historical low of 27 per cent recorded in the first quarter.