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Relay Ventures III raises $200 mln to push boundaries of mobile innovation

Relay Ventures raised $200 million (US$150 million) for its third venture fund, earmarked for investments in a new generation of mobile tech startups in Canada and the United States. The Toronto and Silicon Valley firm announced the close of Relay Ventures III today. Finishing at the same size as its 2012 predecessor, the fund brings Relay’s total capital under management to $670 million.