Canada's Venture Capital and Private Equity Association
New vs. Follow-on Investments

Table 1
Disbursements Surge to New Record High
New vs. Follow-on Investments

  1999   1998  
# Financings # Investments $ Invested(mm) # Financings # Investments $ Invested(mm)
New 405 565 1,085 478 607 756
Follow-on 584 1,047 1,635 596 922 899
Total 989 1,612 2,720 1,074 1,529 1,656


Prepared for the CVCA by Macdonald & Associates Limited