Government investors push second quarter VC investments to record $1.66 billion


Canadian investments were up 23 per cent year-over-year and more than double the $818 million raised in the first quarter, according to the Canadian Venture Capital and Private Equity Association (CVCA). (The Logic)

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Talking point: This is the most money invested in a second quarter since at least 2013. BDC Capital was by far the most active investor in the first half of the year with $549 million invested across 38 deals. The firm developed matching programs to fuel VC investment during the pandemic, as did Export Development Canada. Much of the money is going to well-established portfolio firms. Later-stage firms got half of all money invested so far in 2020, compared with 22 per cent for the same period last year. Large cheque sizes were particularly common in the second quarter, where 69 per cent of investments were for $20 million or more.