McRock Capital closes Fund I at $65 mln with HarbourVest commitment

Canadian 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. 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, the fund will target opportunities to leverage industrial Internet software and sensor solutions that can create new capabilities for key industries.

FundraisingManagersCanadaNorth AmericaFundraisingBriefs