Private Equity
BC Tech Fund has made an undisclosed commitment to Vanedge Capital II, the second information technology fund of Vancouver-based venture capital firm Vanedge Capital. The investment is the second to date for the $100 million BC Tech Fund, which was launched this month under the management of Kensington Capital Partners. Vanedge II, which is targeted to raise $200 million in total, held an initial close of $104 million in January. Vanedge Managing Partner Moe Kermani discussed the fundraising, as well as the firm's recent deals and track record, in a March interview with PE Hub Canada.
4 min read · 01 November 2016
4 min read · 01 November 2016
Closed Loop Ventures raised $3.5 million for its initial fund, according to an SEC filing. The target is $50 million.
1 min read · 31 October 2016
Centana Growth Partners has raised over $122 million for its inaugural fund, according to an SEC filing. The target is $200 million.
1 min read · 31 October 2016
Meritas SRI Funds, managed by OceanRock Investments Inc, has made a commitment to the second sustainable food vehicle of Canadian venture capital firm InvestEco Capital Corp. No financial terms were released. InvestEco Sustainable Food Fund II, which will focus on expanding North American companies that promote health and sustainability in the food and agricultural industry, secured a commitment from The Co-operators Group Ltd in July. InvestEco's investments in the sustainable food sector include Toronto-based Mama Earth Organics, an organic food delivery service financed earlier this year.
4 min read · 31 October 2016
With a change in carried interest taxation looking more certain, VCs begin to contemplate life under new rules
6 min read · 31 October 2016
Fitz Gate Ventures has raised almost $5.94 million for its debut fund, according to an SEC filing. The target is $15 million. Based in Princeton, New Jersey and Houston, the venture firm mostly backs startups founded, managed or owned by Princeton University alumni, faculty or students.
1 min read · 28 October 2016
Canadian venture capital firm Innovacorp announced the Nova Scotia government plans to recapitalize the Nova Scotia First Fund. The fund, which is managed by Innovacorp, will as a result have $40 million to invest in early-stage companies in a range of local technology sectors. Earlier this year, the provincial government committed $25 million to a new venture capital fund. Innovacorp said the new fund will support local companies that are in later stages of development. This week, Innovacorp-backed Analyze Re was acquired by Verisk Analytics Inc.
3 min read · 27 October 2016
MIT said Wednesday it will launch an accelerator program, called The Engine, and raise a $150 million venture fund to support startups innovating in science and technology.
1 min read · 27 October 2016
NEXT Canada, a Toronto non-profit organization focused on supporting Canadian entrepreneurs, has unveiled NextAI. The program is intended to provide financing, advice and sector-specific tools to developers of artificial intelligence (AI) and machine learning solutions, and help position Canada as a leader in the global AI market. Beginning early next year, entrepreneurial teams will have access to up to $200,000 in seed financing to develop their technology. NextAI applications are open until January 5, 2017. The program's partners include EY, MasterCard, TD and Osler, Hoskin & Harcourt.
3 min read · 27 October 2016
