Fonds de solidarité FTQ has launched Solunov, a new innovation initiative to support business innovation in Quebec.
Cycle Capital Management and Qingdao City Construction Investment Group final close Qingdao Haisi Cycle Fund at $125M
Nova Scotia committed $15M to a later stage VC fund ($50-75M) to be managed by Build Ventures and $10M to an early stage fund with fund manager to be chosen
AmorChem II Fund initial closed at $44.2M with commitments from Investissement Québec, Fonds de solidarité, Merck and others
Brightspark raised $6 million in equity funding led by Kensington Capital Partners.
BDC Capital earmarked $900M to ownership transition transaction, part of previously announced $1.8B growth capital commitments over next five years.
Real Investment Fund 17 closed at $180M with commitments from Tencent, Temasek, CDPQ, Teralys, BDC Capital, IQ, Fonds de solidarité, HarbourVest
Tencent and OTT Financial Group formed Tencent Cloud Business Accelerator Centre based in Toronto.
Yaletown Innovation Growth Limited Partnership held initial close with $10M from Alberta Enterprise Corporation
Onex Partners V closed with US $7.15 billion in committed capital with Onex committing US $2B
Element AI to serve as leading AI advisor to US $45M AI fund formed by SK Telecom, Hyundai Motor Company, Hanwha Asset Management
Business Development Bank of Canada upsized BDC Capital Women in Tech Fund to $70M with additional $20M commitment