Private Equity
Genesys Capital has launched its third life sciences venture fund on the strength of several recent portfolio wins, including the public debut of medical device provider Profound Medical. Genesys Ventures III LP hit the fundraising trail in April, targeting $150 million in committed capital. That’s more than twice the size of its predecessor, which closed in 2007.
3 min read · 15 June 2015
Canadian e-commerce startup Shop.ca is looking at going public within the next year to take advantage of robust investor appetite for the country's technology sector, its top executive said in an interview with Reuters. The company raised $20 million from strategic and institutional investors in a recent financing round led by Scotiabank, bringing its total fundraising to date to $75 million.
2 min read · 08 June 2015
Vistara Capital Partners, a newly formed growth investor in late-stage technology companies, has raised most of the capital targeted for its inaugural fund in an initial close. The Vancouver-based firm announced this week that Vistara Capital Partners Fund I LP has secured $80 million in committed capital, putting it within reach of an overall goal of $100 million.
3 min read · 20 May 2015
The acquisition of a local technology startup by a foreign buyer often inspires feelings of regret in Canadian hearts. However, there are no mixed emotions about the imminent sale of Distech Controls, a Brossard, Québec-based energy management specialist, to Acuity Brands. On the contrary, the deal is viewed as an unqualified win for Distech, its employees, its investors, and Canada's cleantech industry.
3 min read · 11 May 2015
Whitecap Venture Partners, one of Canada’s oldest family-owned venture firms, has exceeded the initial target set for its third technology fund after opening the door to third-party investors for the first time. Whitecap III LP secured $70 million in committed capital in its first close, putting the fund within reach of a final goal of between $80 million and $100 million.
3 min read · 27 April 2015
HarbourVest Canada Growth Fund, a venture fund of funds managed by Boston-based asset manager HarbourVest Partners, has secured $197.2 million in an initial close. The fund, the fourth to be formed in partnership with Ottawa's Venture Capital Action Plan (VCAP), raised about two-thirds of its commitments from a mix of banks, corporations and institutional investors.
3 min read · 16 April 2015
Growth equity firm Georgian Partners , a backer of e-commerce platform Shopify, has surpassed its target in a final close of its second applied analytics fund. The Toronto-based firm announced that Georgian Partners Growth Fund II has finished at an oversubscribed $200 million in committed capital. That’s roughly 67 percent more than the original target of $120 million.
2 min read · 07 April 2015
Chrysalix Energy Venture Capital is approaching a first close on Chrysalix Energy LP IV, thanks to a technology message that has struck a chord with struggling resource industries. The fund, which is targeting US$150 million to US$250 million in committed capital, is expected to wrap up an initial close by mid-2015, said Wal van Lierop, co-founder and CEO of the Vancouver-based firm.
3 min read · 30 March 2015
Corsa Technology, an Ottawa-based provider of next-generation networking hardware solutions, has secured $16.5 million in a Series B financing. The round, Corsa's second since its founding in 2013, was led by Canadian venture capital firm Roadmap Capital and joined by existing backers, including Celtic House Venture Partners, BDC Capital and an unnamed strategic technology investor.
2 min read · 20 March 2015
Georgian Partners Growth Fund II, the second fund of Canadian venture firm Georgian Partners, is expected to surpass its target in an imminent final close, thanks to an investment strategy that has resonated with LPs. The fund, which is targeted to raise $120 million, is likely to be wrapped up by mid-March at more than $170 million, said Justin LaFayette, co-founder and managing partner of Georgian Partners.
3 min read · 02 March 2015
