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Funded deals, investment totals fall as VCs adjust to new normal: BDC

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Business Development Bank of Canada (BDC) said Wednesday venture capital lending dropped in 2022 and is expected to remain slow as companies grapple with higher interest rates, a wave of tech layoffs and the fallout from the collapse of the Silicon Valley Bank.

Canada's venture capitalists settled into a new normal marked by fewer and more cautious investments last year -- and a new report suggests the pattern will continue.

"We've entered into a more challenging time," said Jerome Nycz, executive vice-president at BDC Capital. The new outlook has come after a bull market produced more than 100 Canadian unicorns -- startups with $1-billion valuations -- in the last 25 years.

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Funded deals, investment totals fall as VCs adjust to new normal: BDC - BNN BloombergCanada's venture capitalists settled into a new normal marked by fewer and more cautious investments last year — and a new report suggests the pattern will continue.
Source: BNNBloomberg - 🏆 83. / 50 Read more »