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Just Closed: Volition Capital raises $250mView the latest closings
- Volition Capital wraps up third growth equity fund at $250 mln
Volition Capital has raised $250 million for its third growth equity fund. As with its previous funds, Volition Capital Fund III will target high growth tech companies. Volition will make investments between $5 million and $40 million per company.
Data spotlight: DalCor leads top Q2 Canadian VC dealsBuilding on the robust activity of the preceding quarter, the top 10 Canadian deals raised about $347 million in Q2
- Top Q2 Canadian VC deals land more than $446 mln
Canada’s top 10 second-quarter venture-capital financings attracted more than $446 million from investors, up 60 percent from the $279 million that went into the top 10 deals a year ago. That estimate is based on PE Hub Canada's list of the largest rounds announced between April and June. It is headed by DalCor Pharma and Real Matters, which accounted for the two largest Canadian tech financings since 2013.
Prinova secures $17 mln investment from Volition CapitalCanadian software company Prinova Inc has received an investment of $17 million from Volition Capital, a U.S. growth equity firm. With the deal, Volition Capital's Roger Hurwitz and Jake Colognesi will join the company's board of directors. Founded in 1998, Toronto-based Prinova is the creator of Messagepoint, a cloud-based content management platform serving the customer communications management needs of large enterprises. Led by Co-Founder and CEO Nick Romano, the company plans to use the proceeds of the investment to pursue higher-growth markets and further develop its technology.
Assent Compliance nets $20 mln in Volition Capital-led fundingOttawa-based software-as-a-service and data company Assent Compliance Inc has secured $20 million in financing. U.S. growth equity firm Volition Capital led the round and was joined by OpenText Enterprise Application Fund, BDC Capital, National Research Council of Canada, Royal Bank of Canada and other investors. Founded in 2005, Assent provides an automation platform that helps businesses manage their supply chain and product compliance efforts. It said the funds raised will support further investment in its technology and more staff hires, particularly in research and product management. Assent is led by CEO Andrew Waitman, formerly a managing partner at Celtic House Venture Partners.
- Catalyst Investors hires Gordon as senior associate
Catalyst Investors hired David Gordon as a senior associate. Gordon was formerly a private equity senior analyst with Wolfson Group.
- Pramata scores $10 mln Series A
Brisbane, California-based Pramata, a provider of customer relationship intelligence solutions, has raised $10 million in Series A funding. Volition Capital led the round with participation from existing backers Argosy Capital and Peninsula Ventures.
- Thoma Bravo buys iPipeline
Thoma Bravo has acquired Exton, Pennsylvania-based iPipeline, a tech provider of cloud-based software solutions for the life insurance sector. The sellers were NewSpring Capital, Technology Crossover Ventures and Volition Capital. No financial terms were disclosed. Golub Capital and Ares Capital Corp provided funding for the deal. Credit Suisse was the lead financial advisor to iPipeline on the transaction while Bank of America Merrill Lynch and William Blair served as co-advisors.