Private Equity
Canadian venture capital firm Avrio Capital is planning to raise a new fund focused on investing in innovative agriculture and food companies, The Globe and Mail reported. The report said Avrio is targeting $125 million for the new fund – a larger size than its previous funds, which have ranged between $75 million and $100 million. Based in Calgary, and with offices in Montréal and Toronto, the firm has invested in 65 transactions since its founding in 2006. Last week, peHUB Canada reported that Avrio would gain an exit from the sale of Wolf Trax, a Winnipeg-based manufacturer of plant nutrition products. The company is being sold to Compass Minerals for $95 million.
1 min read · 24 March 2014
Canadian venture capital firm Avrio Capital is planning to raise a new fund focused on investing in innovative agriculture and food companies, The Globe and Mail reported. The report said Avrio is targeting $125 million for the new fund – a larger size than its previous funds, which have ranged between $75 million and $100 million. Based in Calgary, and with offices in Montréal and Toronto, the firm has invested in 65 transactions since its founding in 2006. Last week, peHUB Canada reported that Avrio would gain an exit from the sale of Wolf Trax, a Winnipeg-based manufacturer of plant nutrition products. The company is being sold to Compass Minerals for $95 million.
1 min read · 24 March 2014
Insight V leads the venture portfolio, Khosla III and Khosla Seed lose ground
2 min read · 24 March 2014
The power of the crowd may soon be harnessed to help fund business startups in Canada, with several provincial securities regulators publishing proposed rules on Thursday that would allow large numbers of people to invest small amounts in promising projects, reports Reuters. The Ontario Securities Commission, the country's biggest capital markets watchdog, said its new rules would allow registered online portals to collect up to $2,500 per investment from small-scale investors. Regulators in Alberta, Quebec, Saskatchewan and New Brunswick published a joint proposal similar to the Ontario document.
3 min read · 21 March 2014
Accel Partners, the Palo Alto, Calif.-based venture firm that was an early investor in Facebook, has closed two news funds totaling $1.475 billion. The firm raised $475 million for its 12th main fund, the same size as Accel XI, which closed in 2011. The firm also raised $1 billion for Accel Growth III, exceeding the $875 million that the firm raised for its second growth fund, which also dates back to 2011, according to Thomson Reuters.
2 min read · 20 March 2014
Accel Partners, the Palo Alto, Calif.-based venture firm that was an early investor in Facebook, has closed two news funds totaling $1.475 billion. The firm raised $475 million for its 12th main fund, the same size as Accel XI, which closed in 2011. The firm also raised $1 billion for Accel Growth III, exceeding the $875 million that the firm raised for its second growth fund, which also dates back to 2011, according to Thomson Reuters.
2 min read · 20 March 2014
British private equity fund Apax Partners said on Wednesday it will create a $500 million mid-market fund to invest in Israeli companies in the technology, telecom, healthcare and consumer sectors, Reuters reported.
1 min read · 19 March 2014
British private equity fund Apax Partners said on Wednesday it will create a $500 million mid-market fund to invest in Israeli companies in the technology, telecom, healthcare and consumer sectors, Reuters reported.
1 min read · 19 March 2014
Ysios Capital said Wednesday it has begun seeking investors for its Ysios BioFund II, a 100 million Euro fund (US $78.7 million). Fund II will invest in life sciences companies with disruptive products, platforms or technologies in the pharmaceutical and medtech and diagnostics segments. Ysios BioFund I closed at 69 million Euro in 2008.
2 min read · 19 March 2014
Members of the first cohort of issuers on crowdfunding platform SVX have raised $650,000 in commitments and investments since the launch of the platform on the Toronto Stock Exchange in September 2013. Among the successful issuers were Community Forward Fund, an arranger of financing for non-profits and charities, and Investeco, an environmental investment fund. Designed to facilitate financing for Ontario early-stage companies, non-profits and other ventures that aim to solve social and environmental challenges, SVX is sponsored by Canadian innovation hub MaRS Discovery District. It was profiled by peHUB Canada in July 2013.
3 min read · 18 March 2014
