The state-backed Business Development Bank of Canada (BDC) has hailed 2013 deal data, recently released by Canada’s Venture Capital and Private Equity Association (CVCA), as a validation of its strategic efforts to revive the venture capital industry in Canada. The CVCA data shows a 31% increase in venture capital (VC) investments in 2013, with total VC financing in Canada reaching a six-year high of C$2bn.
Jérôme Nycz, executive vice-president of BDC’s Subordinate Financing and Venture Capital divisions, said the results were the fruits of an ecosystem coming…
