PenderFund Capital Management’s Pender Technology Inflection Fund II Limited Partnership held $50M initial close with commitments from Export Development Canada (EDC), BMO Capital Partners, CIBC, Kinsted Wealth, Vancity, and Pender Growth Fund Inc. Continue Reading
BMO Global Asset Management launched BMO Georgian Alignment II Access Fund LP to US $1B targetted Georgian Alignment Fund II. Continue Reading
Zoya Shchupak, Sylvain Carle, Mario Venditti and Danny Grant led Innovobot Resonance Ventures held $14M first close of $40M targetted Deep Tech for Good from The Lorne Trottier Holding Company and private investors. Continue Reading
Neil Grunberg and Ryan Kimel’s Storytime Capital held initial close for inaugural fund, focusing on pre-seed and seed investments. Continue Reading
Stack Capital Advisors held initial close for Stack Robotics fund, led by Jeff Parks, Jason Meiers, Jimmy Vaiopoulos and Brian Viveiros. Continue Reading
Alberta Enterprise Corporation (AEC) committed US $10 million into Relay Ventures Fund V. Continue Reading
Caisse de dépôt et placement du Québec (CDPQ) upsized Teralys Capital managed early stage fund of funds ,Fonds québécois d’amorçage Teralys S.E.C. (TFAQ2019) to $90M. Continue Reading
Power Corporation of Canada reported $424M decrease in fair valuation in Portage I, Portage II, Portage III, KOHO Financial Inc. and Wealthsimple in 9-month period ended Sept 30, 2022, compared with $606M increase in fair value for the same period in 2021. Continue Reading
Aaron Bast, Lance Laking and Craig Leonard led Graphite Ventures held additional close for Graphite IAF IV, bringing total committed capital close to $100M target.
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Bell Canada launched corporate venture capital initiative Bell Ventures led by Curtis Millen, Head of Bell Ventures, with support of Martin Cossette, Managing Director, Erin Basarsky, Director, and Dana Abdullah, Senior Manager. Continue Reading
Jason Gray and Tim Suzman led Pioneer Fund, a fund that “combines capital, expertise, connections, and support from 300+ Y Combinator alumni,” held a Canadian closing for Pioneer Fund II LP. Continue Reading
Owen Matthews and Richard Egli led and Alacrity Canada backed Emend Vision Fund I secured lead investor TELUS Corporation which committed to invest up to 10% of the fund capital (up to $70M). Continue Reading
Matthew F. Colucci, Paul J. Colucci, and Peter La Flamme led PillarFour Capital Fund II secured US $3M in additional capital commitment from Alberta Enterprise Corporation. Continue Reading
David Henderson led XPV Water Partners launched XPV Water Extended Fund. Evercore Group L.L.C. is acting as placement agent. Continue Reading
Raven Indigenous Capital Partners launched $75M Raven Fund II with an $46M initial close from LPs, BDC Capital, Farm Credit Canada, the TELUS Pollinator Fund for Good, Vancity, Bank of America, and others.
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Mano Kulasingam’s Flair Ventures Inc. launched US $5M inaugural fund, focusing on pre-seed and seed investments in immigrant led companies.
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Sectoral Asset Management final closed New Emerging Medical Opportunities (NEMO) V with over US $150M from The LALUX Group (LA Luxembourgeoise), other institutional investors and family offices. Dr. Stefan Larson, Marc-André Marcotte, and Michael Sjöström will led the new fund. Continue Reading
