CVCA applauds launch of Teralys Capital Innovation Fund
The Canadian Venture Capital and Private Equity Association (CVCA) has welcomed the launch of Teralys Capital Innovation Fund, which was initially closed this week at $279 million. The CVCA noted that the fund is the second established under the federal Venture Capital Action Plan, with $186 million in commitments coming from corporate and institutional investors, and $46.5 million coming each from Ottawa and the Québec government. The fund is managed by Montréal-based fund-of-funds manager Teralys Capital.
11 November 2014•2 mins read
