A total of 83 Private Equity/Venture Financing deals (pending and completed) were announced in Canada, driven by Artificial Intelligence, in the last twelve months resulting in a total deal value of over $1,742.8 million. In the LTM period, June 2021 turned out to be the most prolific in terms of deal size, with a total deal value of $522.7 million, resulting in an average deal value of $65.3 million during that month. On the other hand, the month of June 2022 was the most prolific in terms of deal volume, recording a total of 11 deals, resulting in an average deal value of $5.4 million during that month.
Of the 83 deals, the deal secured between BDC Capital Inc; Blue Cloud Ventures; Fidelity Management & Research Company; Garage Capital; Harmonic Growth Partners; Index Ventures; Ontario Teachers' Pension Plan Board; Teachers Innovation Platform and Easy Education Inc, was the largest Private Equity/Venture Financing deal in the Canada, which was valued at $300.0 million and was completed on June 17, 2021. The second-largest deal was between Fei-Fei Liu; Geoffrey Hinton; Index Ventures LLP; Pieter Abbeel; Radical Ventures; Raquel Urtasun; Section 32; Tiger Global Management LLC and Cohere Inc, while the third-largest deal was between Aegis Group Partners; Business Development Bank of Canada (Manitoba); Evergreen Coast Capital; Mavan Capital Partners; Providence Strategic Growth Capital Partners L.L.C. and IntroHive, Inc.. The Fei-Fei Liu; Geoffrey Hinton; Index Ventures LLP; Pieter Abbeel; Radical Ventures; Raquel Urtasun; Section 32; Tiger Global Management LLC-Cohere Inc deal and the Aegis Group Partners; Business Development Bank of Canada (Manitoba); Evergreen Coast Capital; Mavan Capital Partners; Providence Strategic Growth Capital Partners L.L.C.-IntroHive, Inc. deal were valued at $125.0 million and $100.0 million, respectively. The fourth-largest deal was between Bain Capital Ventures LLC; Bolt Innovation Management LLC; Fidelity Investments Canada Limited; Georgian Partners Inc; Walter Ventures SL; White Star Capital LP-Vention Inc valued at $95.0 million, whereas the deal between Aurora Innovation Inc; Business Development Bank of Canada (New Brunswick); Eight Partners LLC; Fei-Fei Liu; Geoffrey Hinton; Khosla Ventures LLC; OMERS Ventures; Pieter Abbeel; Radical Ventures; Sanja Fidler; Uber Technologies Inc-Waabi valued at $83.5 million was the fifth-largest deal.
Cumulatively, the top five deals amounted to $703.5 million and accounted for nearly 40.36% of the total deals (by value) announced during the last twelve months.
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