... behind California, Massachusetts and the UK. That's according to the Worldwide VC Rankings recently published by consulting firm Library House. Link to the complete table.
This ranking is certainly something I'll slip into cocktail conversations for a while, even though the methodology behind the rankings seems almost as debatable as the one behind the dreaded FIFA rankings.
Still, Venture Capital in Quebec is indeed an industry (more than just a community) and there's lots of deals made annually. Réseau Capital, Quebec's VC Association, has an ulgy-ass website and all the stats if you want to find out more (and if you can read numbers in French).
But, in general, the Quebec VC industry does a lot of deals, but with typically much smaller amounts invested than in the U.S. Lots of IT, lots of biotech and pharma, not enough cleantech, but also a large number of institutional VC investments in more traditional industries, including more and more sub-debt financings... deals that might not get categorized as venture capital in other countries/states.
I'll definitely write more about VC in la Belle Province in the near future, especially the IT side of it. In the meantime, let me stick out my tongue to Texas, New York, Washington State, Ontario, Israel, France and Germany. #4, baby.