The tough venture capital market appears to be finally warming up for startup technology companies in Ottawa.
Still, you wouldn't know it based on the few announcements in recent months.
The Canadian Venture Capital Association said that Ottawa-area companies raised $35 million in fresh capital in the June quarter. That is more than three times the capital raised in the March quarter -- good news for a region that continues to hemorrhage technology jobs.
But only about $12 million of the funding was officially announced -- $7.2 million by Energate, a clean technology play, and $5 million by Sidense, a chip company.
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