MONTREAL, May 17 /CNW Telbec/ - Réseau Capital today published statistics on venture capital activity in Québec for the first quarter (Q1) of 2011, as compiled by Thomson Reuters.
The number of Québec companies that received venture capital (VC) increased in the first three months of 2011. Fifty companies received financing, up 16% from the 43 companies financed the year before. At the same time, dollar flows to Québec VC-backed firms were down, with $82 million invested in total between January and March, or 19% below the $102 million invested in Q1 2010. This decrease is due to smaller deal sizes, as amounts invested per Québec company averaged $1.6 million during the quarter.
To read the full, original article click on this link: QUÉBEC'S VENTURE CAPITAL RESULTS FOR Q1 2011 - 50 companies receive funding | CanadianBusiness.com
