ScaleUP Ventures Fund I tops $70 mln, invests in Crowdcare
Ontario venture capital firm ScaleUP Ventures has raised an additional $32.25 million in the second close of its debut early-stage fund, bringing total committed capital to more than $70 million. ScaleUP Ventures Fund I was announced last May with a target of $75 million. The firm said it expects to surpass that amount in a final close in the months ahead. Led by General Partners Kent Thexton and Kevin Kimsa, both formerly of OMERS Ventures, Toronto-based ScaleUP also announced its seventh investment to date. The firm invested $1.7 million in Crowdcare Inc, a Toronto provider of advanced cognitive digital care solutions for enterprises.
9 March 2017•4 mins read
