TORONTO, May 11 /CNW/ - A report on emerging technology companies released today by PwC shows that for the second straight year, angel investors have taken over as the primary funding source for these companies, with venture capitalist fundraising at a 16-year low. Angels typically invest their own funds, unlike venture capitalists, who manage the pooled money of others in a professionally-managed fund.
Overall, 53% of respondents to its survey who raised money last year received their funding from angels, compared to 8% who received funding from venture capitalists. This presents a challenge that limits Canadian technology businesses from competing in the global market, the report says.
To read the full, original article click on this link: Lack of venture capital funding holding Canadian tech firms back from competing globally | CanadianBusiness.com
