Innovacorp's Nova Scotia First Fund to be recapped at $40 mln
Canadian venture capital firm Innovacorp announced the Nova Scotia government plans to recapitalize the Nova Scotia First Fund. The fund, which is managed by Innovacorp, will as a result have $40 million to invest in early-stage companies in a range of local technology sectors. Earlier this year, the provincial government committed $25 million to a new venture capital fund. Innovacorp said the new fund will support local companies that are in later stages of development. This week, Innovacorp-backed Analyze Re was acquired by Verisk Analytics Inc.
27 October 2016•3 mins read
