Relay Ventures' third mobile fund secures $15 mln from VCAP
Relay Ventures III, the third mobile technologies fund of Canadian venture capital firm Relay Ventures, has been awarded $15 million from the federal government's Venture Capital Action Plan (VCAP). The commitment, which was the result of a recommendation from the government's venture capital expert panel, is part of a $50 million VCAP initiative to invest in high-performing Canadian funds. Based in Toronto and Menlo Park, Relay Ventures is led by co-founders and managing partners John Albright and Kevin Talbot. According to the firm's website, it currently has 39 portfolio companies. They include Bionym, theScore and TouchBistro.
23 December 2014•2 mins read
