Vanedge Capital raises $161 mln in final close of second IT fund
Canadian venture capital firm Vanedge Capital has secured $161 million in committed capital in the final close of Vanedge Capital II. Fund II, which invests in early-stage companies in cloud computing, artificial intelligence, cyber security, SaaS and digital media, closed with an additional investment from HarbourVest Partners. HarbourVest joins existing limited partners, including BDC Capital, Export Development Canada, Kensington Capital, Nicola Wealth Management and BC Tech Fund. Vancouver-based Vanedge was founded in 2008 by Managing Partner V. Paul Lee. Last year, PE Hub Canada interviewed Managing Partner Moe Kermani about Fund II's initial close.
24 February 2017•3 mins read
