Private Equity
Versant Ventures' latest fund has added Bayer HealthCare as an LP. Bayer will invest up to $25 million in Versant Venture Capital V. The fund will back the development of new therapies "in areas of high unmet medical need." In addition to investing in the fund, Bayer will join its advisory board.
3 min read · 04 November 2014
The government of Newfoundland and Labrador has unveiled its previously announced Venture Newfoundland and Labrador, a fund that will invest in local entrepreneurs and startups. The fund, which will be managed by GrowthWorks Atlantic, will be capitalized at around $15 million, with $10 million provided by the government, $2 million provided by BDC Capital, and a further commitment expected from private investors. The government said a 30 percent tax credit will be made available to encourage private investors to partner in the fund.The government also confirmed its $10 million commitment to Build Ventures, a venture capital firm established in May 2013 to invest in startups located in Atlantic Canada.
5 min read · 04 November 2014
The Business Development Bank of Canada (BDC) has once again been recognized by Mediacorp Canada Inc as one of Canada's Top 100 Employers. This is the ninth consecutive year in which BDC has been recognized in Mediacorp's annual national competition. The Montréal-based BDC offers loans, consulting services, growth and business transition capital, securitization, and venture capital to more than 30,000 small and medium-sized companies in Canada.
2 min read · 04 November 2014
Mérieux Développement, the private equity investment arm of Institut Mérieux, has launched a new vehicle with a total commitment of €150 million ($212 million) to invest in healthcare and nutrition sectors. As part of a partnership agreement, Sienna Capital, an affiliate of Belgium's Groupe Bruxelles Lambert (GBL), has committed €75 million ($106 million) to Mérieux, most of which will be dedicated to the new vehicle. GBL is controlled in part by Canada's Desmarais family. Mérieux Développement is based in Lyon, France.
3 min read · 04 November 2014
Startups that bring big data and machine learning to the hiring process are raising big bucks to help other companies lure the best talent
6 min read · 04 November 2014
Venture capital fund performance pulled backed in the second quarter, with late- and expansion-stage returns falling the farthest.
1 min read · 04 November 2014
CalSTRS sees gains from OrbiMed, Sofinnova, Shasta, GGV
2 min read · 04 November 2014
In a keynote at our recent PartnerConnect conference, Peter Thiel shared his (strong) opinions about Apple, Google, Uber, tech founders, competition, phony technology companies and lots more.
4 min read · 04 November 2014
Two principals with RBC Venture Partners have completed a management buyout of the firm's investment portfolio and have launched a new Canadian venture firm, Information Venture Partners.
3 min read · 03 November 2014
For several months, the rumour mill has been buzzing with speculation that RBC Venture Partners’ principals Robert Antoniades and David Unsworth were on the cusp of launching a new partnership. Well, it has finally happened. In October, the principals completed a buyout of RBC Venture Partners’ investment portfolio and raised LP capital for a brand new Canadian venture capital firm: Information Venture Partners.
3 min read · 03 November 2014
