Private Equity
Private equity and venture capital firm the Fonds de solidarité FTQ said it plans to invest $1.6 billion in businesses that impact the Québec economy. Gaétan Morin, the firm's new president and CEO, announced the initiative, noting that the investment will take place over the next three years. With its headquarters in Montréal, the Fonds de solidarité FTQ manages net assets of $10.5 billion. It reports that the firm is a partner, either directly or through its network members, in more than 2,450 companies.
3 min read · 21 January 2015
Qualcomm, Novartis partner to create $100 million fund will boost digital health investing
3 min read · 21 January 2015
The Federal Economic Development Agency for Southern Ontario (FedDev Ontario) has agreed to commit up to $9 million to an Ontario seed fund. Launched by the Ontario Centres of Excellence (OCE), the SmartStart Seed Fund provides seed financing to help young entrepreneurs grow their startups and make them investment and customer ready. The program was first piloted with FedDev Ontario funding in 2012 and was renewed with Ontario government funding in April 2014.
3 min read · 21 January 2015
2 min read · 21 January 2015
Bitcoin payment processor Coinbase said on Tuesday it has raised $75 million from several major financial institutions, including the New York Stock Exchange, USAA Bank, and Spanish banking group BBVA.
1 min read · 20 January 2015
Investors have been burned before on delivery companies, but this time around they believe their bets will pay off
6 min read · 20 January 2015
Firms in the country collectively raised $914 million in 2014, led by Carmel Ventures
3 min read · 20 January 2015
CalPERS’ Sacramento portfolio benefits from Emergence, OrbiMed, Third Rock, TauTona
1 min read · 20 January 2015
Cleantech funds continue to take it on the chin, but improvements from Element, NGEN standout in CalPERS Clean Energy portfolio.
1 min read · 19 January 2015
Kensington Venture Fund, which last November raised $160 million in its initial close, has completed its first round of investments. The fund made undisclosed commitments to Georgian Partners Growth Fund II, the second applied analytics fund of Georgian Partners; Novacap TMT IV LP, the fourth technology, media and telecommunications fund of Novacap; and Walden Venture Capital VIII, the latest digital media and cloud services fund of U.S.-based Walden Venture Capital. It also made a direct investment in Blue Ant Media Inc, a media company with headquarters in Toronto. A venture fund of funds targeted to raise $300 million in total, the Kensington fund is managed by Kensington Capital Partners.
4 min read · 19 January 2015
