McRock Capital related stories
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Caterpillar Ventures signs on to McRock Capital's IIoT fundCanadian venture capital firm McRock Capital has reopened McRock iNFund LP, which raised $65 million in April 2015 /canada/2015/8/mcrock-capital-closes-fund-i-at-65-mln-with-harbourvest-commitment/ to admit a new strategic investor. Caterpillar Ventures, the venture arm of Caterpillar Inc, committed undisclosed capital to the fund. Caterpillar's John Carpenter said the investment will help the U.S. industrial manufacturer keep abreast of new technologies and startups in the Internet of Things (IoT) space. Caterpillar joins two other strategic investors /canada/2015/7/mcrock-capitals-fund-i-nears-final-close-after-signing-up-second-strategic-lp/ in the McRock fund, Cisco Systems and EDF, as well as other limited partners. McRock's recent deals include last November's $6 mln Series A financing /canada/2016/11/3418053/ of Decisive Farming Corp.
- BDC Capital unveils $135 mln fund to help fill yawning gap in cleantech investing
BDC Capital launched a second cleantech fund to support Canadian startups that are feeling the continuing effects of venture capital’s boom-and-bust experience in the fledging sector. The investment arm of BDC unveiled ICE Venture Fund II this week. Capitalized at $135 million, the fund aims to fill a key market gap by investing in 15 to 20 cleantech and energy-tech companies, especially in areas where Canada has a comparative advantage, such as resource efficiency.
McRock Capital leads $6 mln Series A funding of Decisive FarmingDecisive Farming Corp, an Irricana, Alberta-based agricultural technology company, has raised $6 million in a Series A financing. The round was led by Canadian venture capital firm McRock Capital /canada/2015/8/mcrock-capital-closes-fund-i-at-65-mln-with-harbourvest-commitment/ and joined by Export Development Canada. With the financing, McRock’s Whitney Rockley will join the company’s board. Led by CEO Remi Schmaltz, Decisive Farming delivers precision solutions and mobile and cloud software tools to crop farmers and agriculture service providers. Its flagship product, Optimize RX, uses soil analysis and GIS mapping to support the seeding and fertilizing of crops. Founded in 2011, Decisive Farming is also backed by the Accelerate Fund.
McRock Capital leads $5 mln Series A financing of Serious IntegratedSerious Integrated Inc, a human-machine interface and communications platform, has secured US$5 million in a Series A financing. The round was led by Canadian venture capital firm McRock Capital. With the deal, McRock's Scott MacDonald and Whitney Rockley will join the company's board. Chandler, Arizona-based Serious was founded in 2008 by CEO Terry West. It is focused on developing technology that enables original equipment manufacturers to transform their products into smarter, highly-connected digital age devices. McRock made its investment in the company via McRock iNFund LP, which raised $65 million in a final close last year.
McRock Capital funds Serious IntegratedMcRock Capital has made an undisclosed investment in Serious Integrated Inc. Based In Chandler, Arizona, Serious Integrated is a provider of human-machine interface and communications platforms.
BDC Capital signs up to Invixium's $4 mln Series A financingBDC Capital has joined the $4 million Series A financing of Invixium, a Toronto-based maker of advanced biometric security devices and solutions for the industrial and enterprise markets. The round, announced in October 2015 /canada/2015/10/27/mcrock-capital-leads-4-mln-series-a-financing-of-invixium/ was led by McRock iNFund LP, an industrial Internet of Things fund managed by McRock Capital. BDC co-invested through its Industrial, Clean and Energy Technology Venture Fund. Founded in 2012, Invixium has sold over 3,500 products to government and business customers in the Middle East, North Africa, India and North America, the company reported.
White Star Capital raises $70 mln VC fund anchored by BDCWhite Star Capital, a venture capital firm with offices in London, New York and Montréal, has secured US$70 million for its first institutional fund. BDC Capital was the anchor investor in the fund. Founded by Canadian-born Managing Partner Eric Martineau-Fortin, White Star is focused on deploying between $500,000 and $5 million to initial investments in early-stage technology companies in North America and Western Europe. Among its recent deals, the firm in May led a $6 million Series A financing /canada/2015/05/14/mnubo-rakes-in-6-mln-series-a/ of mnubo, an Internet-of-Things data analytics company based in Montréal. Canadian venture capital firm McRock Capital also invested in the round.
McRock Capital leads $4 mln Series A financing of InvixiumToronto-based Invixium, a maker of biometric security products, has secured $4 million in Series A financing. The round was led by McRock iNFund LP, an industrial Internet of Things fund managed by Canadian venture capital firm McRock Capital. Founded in 2012, Invixium provides biometric solutions that help ensure physical access security at enterprises and industrial facilities. It has so far sold over 3,500 products to customers in the Middle East, North Africa, India and North America. As a result of the investment, McRock Managing Partners Scott MacDonald and Whitney Rockley will join Invixium's board of directors. McRock iNFund LP raised $65 million in commitments in its final close in August /canada/2015/08/28/mcrock-capital-closes-fund-i-at-65-mln-with-harbourvest-commitment/
McRock Capital closes Fund I at $65 mln with HarbourVest commitmentCanadian venture capital firm McRock Capital has closed McRock iNFund LP at more than $65 million in committed capital. The closing, which reached the top end of the fund's target, was enabled by a commitment from HarbourVest Canada Growth Fund, a venture fund of funds initially capitalized in April /canada/2015/04/16/harbourvest-canada-growth-fund-lands-197-mln-in-initial-close/ HarbourVest joined existing investors, including Alberta Enterprise Corp, BDC Capital, Cisco Investments, Export Development Canada, Électricité de France, Kensington Venture Fund and Teralys Capital Innovation Fund. As reported by peHUB Canada last month /canada/2015/07/06/mcrock-capitals-fund-i-nears-final-close-after-signing-up-second-strategic-lp/ the fund will target opportunities to leverage industrial Internet software and sensor solutions that can create new capabilities for key industries.