Private Equity
3 min read · 23 March 2017
The Canadian Venture Capital and Private Equity Association (CVCA) has welcomed the federal government's decision to implement a new scheme to stimulate risk financing of Canadian technology entrepreneurs and startups. Ottawa's Budget 2017 unveiled the Venture Capital Catalyst Initiative (VCCI), a $400 million program to be administered by BDC Capital. Like the Venture Capital Action Plan (VCAP), a comparable program launched in 2014, VCCI will leverage private-sector capital to bring up to $1.5 billion into the market. It will give a particular focus to late-stage opportunities. CVCA CEO Mike Woollatt said VCCI will help "catalyse Canadian venture capital."
3 min read · 23 March 2017
Samsara BioCapital has set out to raise a $300 million venture fund, according to a filing with the SEC.
1 min read · 22 March 2017
Boston Seed Capital is seeking to raise $40 million for its third fund, according to an SEC filing. The firm focuses on internet-enabled businesses.
1 min read · 22 March 2017
Fight Against Cancer Innovation Trust (FACIT) has launched the Prospects Oncology Fund, a pre-seed evergreen fund intended to support oncology discoveries in Ontario. Managed by FACIT, the fund will provide up to $200,000 to help technologies attract seed-stage investment. Opportunities will be sourced within Ontario research institutions and startups. FACIT, established by the Ontario Institute for Cancer Research to commercialize oncology innovations, said the fund will address a capital gap "commonly associated with early-stage research and translational discoveries."
3 min read · 21 March 2017
The Entrepreneurs' Fund has raised $27.4 million for its fourth venture fund, according to an SEC filing. The target is $100 million. The Silicon Valley-based, early-stage venture firm is focused on cloud-based B2B software.
1 min read · 21 March 2017
Ontario Pension Board (OPB) reported an annual investment return of 8.1 percent in 2016. This provided the pension fund manager with net investment income of $1.75 billion and net assets of $24.4 billion at year's end. OPB, which administers Ontario's Public Service Pension Plan, said it continued to shift assets from public to private markets in 2016, increasing its gross exposure by about $831.6 million. The private equity portfolio saw the largest increase: 68.5 percent.
2 min read · 21 March 2017
3 min read · 21 March 2017
Source Code Capital is seeking to raise $260 million for its third fund, according to an SEC filing. The China-based venture firm focuses on tech startups.
1 min read · 20 March 2017
CircleUp, which operates an investment platform to invest in consumer brands, is seeking to raise $100 million, according to a regulatory filing. CircleUp Growth Partners has yet to make a sale. San Francisco-based CircleUp is backed by Union Square Ventures, Canaan Partners, Collaborative Fund, QED Investors, Maveron, GV and others.
1 min read · 20 March 2017
