The quarter saw 144 deals with a total of $896 million invested compared to 202 deals with nearly $4 billion invested in the same quarter last year, according to data from the Canadian Venture Capital and Private Equity Association. (The Logic)

Talking point: Venture-capital activity is returning to pre-pandemic levels, the organization said. In the third quarter of 2020, there were 121 deals with $904 million invested, according to its data. Canadian activity “is mirroring global trends,” especially in the U.S., said CEO Kim Furlong in a statement. She added that investors are monitoring economic conditions and founders are waiting to raise, echoing what those in the industry have told The Logic. Meanwhile, private equity has already surpassed last year’s total investments. So far this year, private equity deals totalled $6.5 billion across 622 deals.