Oversubscribed Teralys fund close brings VCAP fundraising to $1.3 bln
Montréal-based Teralys Capital has closed its second venture fund of funds, Teralys Capital Innovation Fund (TCIF), at its hard-cap target of $375 million. It is the third and largest fund closed in partnership with Ottawa's Venture Capital Action Plan (VCAP). VCAP-backed funds have so far collected about $1.3 billion in committed capital, two-thirds of which was provided by a mix of corporate, institutional and other private sector investors.
21 March 2016•3 mins read
