BC Discovery Fund redeems shares on strength of Avigilon investment

British Columbia Discovery Fund (VCC), a retail venture capital fund managed by Discovery Capital Management Corp, announced it will make its second shares redemption this year. The fund plans to redeem $5.5 million in shares, a decision that is made possible by the "spectacular success" of its portfolio company, Avigilon Corp (TSX:AVO), a provider of high-definition and megapixel surveillance solutions. Avigilon in May 2013 acquired Sterling, Va.-based RedCloud Security Inc for $17 million.

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