May 17 (Reuters) - Canadian venture capital investments totaled C$315 million ($325 million) in the first quarter, roughly in line with the year-ago period, as the sector continued to struggle in an extended funding drought.
According to data compiled by the Canadian Venture Capital and Private Equity Association (CVCA) and research partner Thomson Reuters, dollar flows went to 111 innovative companies in the January-March period, with investments per firm averaging C$2.8 million.
New commitments to venture capital fund-raising totaled C$217 million in the quarter, compared with C$386 million in the same period a year ago.
To read the full, original article click on this link: Canada venture capital investing flat in Q1 - CVCA | Reuters
