Venture capital investment in Canada dipped 2 per cent in the second quarter of 2011 on sluggish fund-raising activity, data showed Tuesday.
According to the report released by Canada’s Venture Capital & Private Equity Association (CVCA), VC invested across Canada totaled $328-million between April and June compared to $335-million invested the year before.
“After a period of steady, if moderate, expansion in VC invested, it is very concerning to see weaker dollar flows at this point”, said Gregory Smith, President of the CVCA and Managing Partner, Brookfield Financial. “Clearly there is demand coming from young, entrepreneurial businesses – a fact that is borne out by year-over-year growth in company financings – but this demand is not being met by an adequate supply of value-added risk capital.” added Mr. Smith.
To read the full, original article click on this link: Is Canada's venture capital market drying up? - The Globe and Mail
Author:
KATHERINE SCARROW
