Montréal stand out in venture capital

Posted on August 1, 2018 in Entrepreneurship, Spotlighted

According to PricewaterhouseCoopers (PwC) Canada and market research company CB Insights’s new report, five largest venture capital financings in Canada were raised by Montréal and Québec Cities’s companies.
While Montréal is the third largest market in terms of the number of transactions, companies in the region received significant financing, between US $ 80 and 224 million, including Enerkem, Lightspeed POS and eStruxture Data Centers. Venture capital investment in Canadian artificial intelligence (AI) companies increased by 104% from the last quarter, says the report.