Canadian venture capital funding bounces back in second quarter but first half lags behind 2022

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Canadian venture capital funding bounces back in second quarter but first half lags behind 2022
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CPE Analytics says there were $1.95-billion in disbursements during the second quarter after $1.3-billion in the first three months

CPE Analytics says Canadian venture capital funding rose in the second quarter following a pullback in the first three months of 2023, but funding levels for the first half of the year are still well off what they were for the first six months of 2022.

The $3.25-billion is total disbursements in the first half of the year compares with $4.72-billion in the first six months last year, when rising interest rates started to significantly affect funding.

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