Golden Venture Partners closes second mobile VC fund at $40 mln
Canadian venture capital firm Golden Venture Partners has closed its second fund, Golden Venture Partners II, at $40 million. Capital commitments to the oversubscribed Fund II were led by Northleaf Venture Catalyst Fund, which contributed $15 million of the total, with participation from BDC Capital and other investors. The Toronto-based Golden Venture Partners said a new fund that is larger than the $17 million Fund I will allow it to lead or join seed deals of up to $750,000; undertake larger and later-stage investments of up to $1 million; maintain reserves for future portfolio activity; and diversify investing in around 25 mobile technology companies.
20 November 2014•3 mins read
