Information Venture Partners raises C$106m

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Information Venture Partners has raised C$106 million for its Information Venture Partners Fund II, according to a press release. The Toronto-headquartered firm began fundraising in 2014 with a C$100 million target.

Investors that committed to Information Venture Partners Fund II include the Northleaf Capital Partners, Business Development Bank of Canada and HarbourVest Partners.

The fund will target venture capital opportunities in fintech sectors in Canada.