- Fund: Whitecap V
- Amount raised: $140 million
- Target size: $125 million
- Stage of fundraising: Final close
- Predecessor fund: Whitecap IV
Whitecap Venture Partners has raised $140 million for Whitecap V, surpassing its $125 million target, according to a press release by the firm. The early stage venture capital fund has held a final close after three months of fundraising.
The oversubscribed vehicle will continue to invest in seed stage rounds in growth technology companies across Canada. The firm received commitments from several returning investors, as well as new investors, including Kensington Capital Partners, BMO Capital Markets and Ontario Capital Growth Corporation.