iGan Partners' Rowanwood Ventures raises first $26 mln of $50 mln fund
Rowanwood Ventures, a venture capital investor in digital health, Internet and software sectors that is sponsored by iGan Partners, has completed the first close of its second fund. Rowanwood Investment Fund II LP, which is targeted to raise $50 million, brought in initial capital commitments totalling $26 million. The fund received the backing of iGan and a number of family offices. Rowanwood, which deployed $50 million to eight early-stage companies in its first investment vehicle, is expecting a final close of Fund II to take place in the third quarter of 2015. Rowanwood and iGan are based in Toronto.
11 June 2015•3 mins read
