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.
Real Investment Fund 17 closed at $180M with commitments from Tencent, Temasek, CDPQ, Teralys, BDC Capital, IQ, Fonds de solidarité, HarbourVest
Yaletown Innovation Growth Limited Partnership held initial close with $10M from Alberta Enterprise Corporation
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
EnerTech Capital and Pivotal Funds launched PACE finance vehicle, exclusively focusing on commercial, industrial and institutional properties
Creative Artists Agency (CAA) launched Vancouver based start-up studio Creative Labs led by Mike Edwards
Philippe de Gaspé Beaubien III launched DGC Capital and named Françoise E. Lyon as President of DGC