Managers

Artificial intelligence program NextAI raises $5.15 mln in funding

NextAI, a NEXT Canada program intended to provide capital, mentorship and networking opportunities to Canadian artificial intelligence (AI) startups, has raised $5.15 million in funding. NextAI's corporate partners, Royal Bank of Canada, Magna International, BDC Capital and Scotiabank, made the investment. Founded last year, NextAI aims to bring global AI talent and entrepreneurs to Toronto, where they will work with corporate, academic and technology partners to create commercially-viable AI ventures. IBM Canada, Google and NVIDIA will back the program as technology sponsors.

Corporate VCs keep up steady investment pace in 2016

Cowboy adds Ted Wang as investment partner

Cowboy Ventures has added Ted Wang as an investment partner, according to a blog post.

Fund Performance: Get returns for more than 2,500 funds

Veteran VC firm enjoys Gallic gains

Stage Venture Partners targets $15 mln for sophomore fund

Stage Venture Partners has raised $14.6 million for its second fund, according to an SEC filing. The target is $15 million. Based in Los Angeles, Stage Venture invests in software startups.

Canadian incubator Diagram raises $25 mln for fund

Montreal and Toronto-based incubator Diagram has closed its new fund at $25 million. The venture launchpad focuses on Canadian startups in the financial, insurance and healthcare tech sectors.

Chrysalix named top investor in 2017 global cleantech awards

Canadian cleantech investor Chrysalix Venture Capital has been named "Financial Investor of the Year" as part of the 2017 Global Cleantech 100 Awards. The Vancouver-based firm won the award because seven of its portfolio companies were named to the 2017 Global Cleantech 100, the most of any venture investor. The companies were: Axine Water Technologies, Enbala Power Networks, GaN Systems, General Fusion, GlassPoint, MineSense and NanoSteel. Last year, Chrysalix launched a US$111.5 million robotics fund in partnership with RoboValley.

Merus Capital collects $85 mln for third venture fund

Merus Capital has raised $85 million for its third venture fund. The Silicon Valley-based early-stage venture firm focuses on the software and internet sectors.

Dashboard: Venture activity ends last year on down note, awaiting IPO pick up in 2017