Engineers Without Borders Canada (EWB Canada) launched $20M social impact fund, Hummingbird Impact, to invest in for-profit, impact-driven gender-lens African tech ventures
University of Waterloo launched 2nd accredited investors-backed VC fund, The Velocity HealthTech Fund, targeting early-stage startups involved in health technology.
Fonds de solidarité FTQ committed €5M to Theodorus IV, a Université Libre de Bruxelles spinoff seed fund. Theodorus to open Montreal office led by Théo Risopoulos.
Fonds de solidarité FTQ committed $20M to Briva Finance short-term or interim loan lending fund
District Ventures and Empire Company entered into a partnership agreement with Empire Company becoming title sponsor of District Ventures’ Accelerator program and District Ventures Kitchen.
ArcTern Ventures II final closed with $200M commitments Nysno, Investissement Québec, VCCI ($10M), OMERS, Equinor, TD Bank Group, Suncor, BDC Capital, unnamed pension fund, family offices
McRock Capital held second close for McRock Fund II with commitments from VCCI (Teralys Capital, Kensington Capital Partners), Caterpillar Ventures, and a large unnamed pension fund.
ArcTern Ventures II secured $20M in commitments from Norway government-owned Nysnø Climate Investments and will open European office in Oslo, Norway
Entrepreneur-venture capital firm Garage Capital held initial close of the third fund
Export Development Canada (EDC) committed between $56-$120 million to Atlantic Canada Regional Venture Fund II, McRock Fund II, and Birch Hill Equity Partners VI.
Georgian Partners held initial close for US $750M targetted fifth fund, Georgian Partners Growth Fund V
France’s Crédit Mutuel Alliance Fédérale consolidated North America investment subsidiaries, CIC Capital Canada and CIC Capital Ventures under Crédit Mutuel Equity.
Volition Capital closed US $400M Volition Capital Fund IV, L.P. and inaugural Volition Capital Select Fund I, L.P. with US $200M in capital commitments.
TIMIA Capital I Limited Partnership secured additional $5M in commitment to bring the fund size to $18.5 million.
Vistara Capital Partners closed its 2nd fund, Vistara Technology Growth Fund III LP, at hard cap of US $115M
Chrysalix RoboValley Fund held 2nd close with commitments from Caterpillar, J-POWER, South32, and unnamed mining equipment company
Portag3 Ventures II held $229M 2nd and final close with commitment from Alternan, Aviva France, BDC Capital, CDPQ, CNP, Co-operators, Eldridge, Green Shield Canada, Harel, iA Financial, Laurentian Bank, NSV Wolf Capital, PSP Investments, Western & Southern Financial
