Private Equity
A group of Canadian banks and insurance companies have launched the Canadian Business Growth Fund, intended to make long-term minority investments in small and medium-sized companies looking to grow or scale operations. The fund is expected to raise more than $500 million initially, with the possibility for future commitments of up to $1 billion. Initial participants include BMO, CIBC, RBC, Scotiabank, TD, Manulife, Sun Life, Great-West Life, National Bank, HSBC Canada, ATB Financial, Laurentian Bank and Canadian Western Bank. Operating as an independently managed entity, the fund will also offer portfolio companies mentorship and access to talent pools.
3 min read · 09 March 2017
McRock Capital believes access to funding through the Venture Capital Action Plan (VCAP) played a major role in its recent success as a Canadian venture capital firm. In light of this, the firm decided to conduct an in-depth analysis of VCAP's broader impact. Using its “Canadian Venture Capital Innovation Tree”, McRock shows how VCAP influenced the Canadian VC industry as a whole and how all of its beneficiaries interact together as one functional ecosystem. McRock believes this is a key measure of VCAP's benefits to Canada's innovation system and economy, which far outweigh the program's costs.
6 min read · 08 March 2017
AccelFoods, an investment fund focused on emerging food and beverage brands, has increased its second fund to $35 million. The newly expanded fund will focus on promising food and beverage startups.
2 min read · 08 March 2017
2 min read · 08 March 2017
Refactor Capital has raised a $50 million seed fund, according to a report on Axios.
1 min read · 08 March 2017
Princeville Global is seeking to raise $250 million for its second fund, according to an SEC filing. Princeville invests in growing tech-related companies around the world.
1 min read · 08 March 2017
StartX, the accelerator for Stanford-affiliated entrepreneurs, said founder and CEO Cameron Teitelman would shift his role to board chairman and that Joseph Huang would become the new CEO.
1 min read · 08 March 2017
2 min read · 07 March 2017
Notation Capital is seeking to raise $25 million for its second fund, according to an SEC filing. The Brooklyn, New York-based venture firm makes pre-seed investments.
1 min read · 07 March 2017
2 min read · 07 March 2017
