News Formal

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

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 99%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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 »