Canada wrapped up 2016 on a high note when it came to investment in venture capital-backed companies, according to a recent report, bucking the global trend of a 10 per cent decline in deals and a 23 per cent drop in total funding compared to 2015.

The MoneyTree Report from PwC Canada and CB Insights shows that deals and dollars were up in the last quarter of the year, with the number of deals increasing seven per cent from 248 to 266 in 2016 with total dollars invested equaling $1.7B USD in 2016, less than on per cent lower than last year’s figure. Read my full article on ITBusiness.ca.