VC Funds
ArcTern Ventures Fund III holds initial close
Murray McCaig and Marc Faucher led ArcTern Ventures Fund III held initial close
NPC Ventures dba Nàdarra Ventures holds $20M initial close
Malcolm Fraser and Mary Dimou led NPC Ventures, dba Nàdarra Ventures, held $20M initial close of $50M targetted sustainable biotech VC fund with commitments from Farm Credit Canada (FCC), Natural Products Canada (NPC), and family offices.
Inovia Capital launches US $25M Inovia Discovery Fund I
Inovia Capital launched US $25M Inovia Discovery Fund I focused on early stage VC managers, with commitments from Deloitte Ventures, Canadian Tire Corporation and others.
District Ventures Capital launches 2nd CPG fund
Arlene Dickinson's District Ventures launched 2nd CPG fund with lead investment from Export Development Canada (EDC)
CPP Investments invests in Amazon Reforestation Fund and fund manager
CPP Investments commits US $30M to The Amazon Reforestation Fund and makes $500K equity investment in fund manager Mombak Gestora de Recursos Ltda. which is backed by Bain Capital Partnership Strategies, Kaszek Ventures, Union Square Ventures, CI Ventures, and Byers Capital.
Hazelview Ventures holds initial close for fund II
Hazelview Ventures launched Hazelview Ventures II with an initial close for private investors. Fund II will be led by Hazelview Investments' Ugo Bizzarri and Michael Tsourounis.
The King of Canadian VC SPVs
A Quebec based IT focused venture capital firm approved to be innovator of Canadian VC fund formation and fundraising, and king of VC special purpose vehicles (SPVs).
AEC invests $10M in Graphite IAF IV LP
Graphite IAF IV held $11.3M additional close with investment from Alberta Enterprise Corporation/Government of Alberta ($10M) which joins MaRS Investment Accelerator Fund (AIF)/Government of Ontario, OMERS, IAF backed entrepreneurs.
Technip Energies invests in Evok Fund II
Technip Energies invested in Mike Biddle and Marty Reed led Evok Fund II, joining Export Development Canada, RBC, TD, Suncor, Cenovus, Alberta Enterprise Corporation (AEC) as LP investors.
ADQ and Bank of Montreal invest in Sagard management company
ADQ, Bank of Montreal (BMO) to join Great-West Lifeco (GWL) as minority shareholders in Sagard management company. Power Corporation of Canada will remain as controlling shareholder and Paul Desmarais III personally remains as minority shareholder.
Arena Investors commits US$95M to US $100M TIMIA Capital Venture
Arena Investors, LP committed US $95M to US $100M Timia Capital managed venture, aiming to fill the void left by the demise of Silicon Valley Bank (SVB). Montfort Capital Corporation, parent company of Timia Capital, committed US $5M.
Chrysalix Venture Capital holds initial close for Carbon Neutrality Fund
Chrysalix Venture Capital hold initial close for 5th fund, US $120M targeted Carbon Neutrality Fund, with commitments from Evonik, LyondellBasell, Siam Cement Group (SCG), and a North American leader in forestry, pulp and paper products.
Northleaf Growth Fund holds initial close
Northleaf Capital Partners held initial close for Northleaf Growth Fund, led by Michael Flood, Jeffrey Pentland and Stuart Waugh.
Graphite IAF IV reaches $100M fundraising target
Aaron Bast, Lance Laking and Craig Leonard led Graphite Ventures held final close for Graphite IAF IV, bringing total committed capital to $100M target. One Alberta investor, likely Alberta Enterprise Corporation (AEC), committed $10M in latest closing.
Radical Ventures Fund III holds additional close
Jordan Jacobs, Ed Clark and John Frederic Megrue Jr. led Radical Ventures Fund III held additional close for US $550M targeted fund
Diagram Ventures III final closes over $100M
Diagram Ventures III L.P. raised over $100M and welcomed Steve Schultz and Ken Nguyen to its investment team.
Accelia Capital Fund reaches $60M with $5.6M from EDC
EDC committed $5.6M to Annick Charbonneau and Christine Beaubien led Accelia Capital Fund, joining Investissement Québec, Fonds de solidarité FTQ, National Bank of Canada, CDPQ/Teralys Capital, Fondaction, Fiera Capital as institutional LP investors.
Round13 Capital holds $200M initial close for Round13 Fund III
Round13 Capital held $200M initial close for Round13 Fund III. Led by managing partners, Brahm Klar and Wilson Lee, and co-founders Bruce Croxon and John Eckert, Fund III will invest in a range of venture and growth-stage equity investments.
