Relay Ventures has raised C$200 million for its Relay Ventures III. The Toronto-headquartered firm began fundraising in 2014.
Its previous fund raised $150 million in 2011.
Investors that committed to Relay Ventures III include the Northleaf Capital Partners, Caisse de dépôt et placement du Québec, Alberta Enterprise Corporation and City National Bank.
The fund will target venture capital opportunities in mobile software, services, content, and technology sectors in North America.