Ripple Ventures closed its inaugural fund with a capital commitment of $10 million. The fund is managed by Matt Cohen, founder and Managing Partner, Michael Garbe, General Partner.
Vancouver Founder Fund (VFF) closed its second VCC fund with approximately $30 million in committed capital from BDC Capital and private investors.
Georgian Partners final closed Georgian Partners Growth Fund IV at US $550M
Lumira Capital rebranded as Lumira Ventures and launched new website
EDC launched Cleantech Co-Investment Program (CCIP) and made 1st investment, $1M in Pyrowave partnering with Ecofuel and a European investor
Relentless Venture Fund secured commitment from Canada’s largest community credit union, Vancity as founding institutional investor.
Hamilton Lane joins former VCAP recipients, HarbourVest Partners, Kensington Capital Partners, Northleaf Capital Partners, Teralys Capital, as the fifth VCCI fund-of-funds government funding receipt
Nova Scotia announced a new early-stage venture capital fund, with $15 million in provincial investments. The fund will be led by Patrick Hankinson.
Fonds de solidarité FTQ invested $1.1 billion in Québec economy for the fiscal year ended May 31, 2018, with results to be released on July 5, 2018
Bpifrance, Capital régional et coopératif Desjardins (CRCD) and EDC committed to CDN $120M/€75M Siparex-Desjardins Transatlantic Fund
Yaletown Innovation Growth Limited Partnership secured over $100M from Ontario Capital Growth Corporation, Alberta Enterprise Corporation, BDC Capital, Kensington Venture Fund, BC Tech Fund, OPTrust, others
White Star Capital raised US $180M for its second fund, almost 2.6 times larger than its first fund which closed at US $70M in 2015.