first_imgwoman with a laptop 123rf Related news Share this article and your comments with peers on social media The number of deals also fell from 281 in H1 2018 to 240 in H1 2019 — a 15% decrease.“The really bright spot for the Canadian ecosystem is the seed-stage where deals increased significantly, now making up 49% of deal share,” Anand Sanwal, co-founder and CEO of CB Insights, said in a release. “In addition, less-active regions, such as Waterloo and Ottawa, saw a strong start to 2019.”Indeed, those two cities rounded out the top five cities for VC investment. Waterloo (ranked fourth) raised $131 million — up from $58 million in H1 2018. Ottawa (ranked fifth) raised $122 million — up from $26 million the same time last year.The top three cities for VC investment were Toronto, Vancouver and Montreal, which respectively raised $555 million, $355 million and $206 million.Certain sectors that had strong showings a year ago didn’t fare as well in the first half of 2019, the report found.In H1 2018, cannabis companies raised a total of $224 million over 51 deals. In H1 2019, they raised $42 million across 18 deals. Investment in AI companies also plummeted from $249 million in H1 2018 to $100 million in H1 2019.The largest deals of the half were Hamilton, Ont.-based Fusion Pharmaceuticals raising $105 million, Toronto-based Vena Solutions raising $87 million and Vancouver-based PDFTron Systems raising $71 million.Read the full report from PwC and CB Insights. Venture capital (VC) investment in Canadian companies was down in the first half of 2019 — although certain cities had a strong start to the year.A new report from PwC and CB Insights found that Canadian VC-backed companies raised $1.65 billion (all figures in U.S. dollars) during the first half of the year. That’s down 13% from the same time last year. Canadian venture capital investments totalled $4.4B in 2020 Tech sector drove strong global VC investment in 2020: KPMG B.C. dominates Canadian VC funding in Q1 IE Staff Keywords Venture capitalCompanies PriceWaterhouseCoopers LLP Facebook LinkedIn Twitterlast_img read more