Georgian Partners commences fundraising for Fund IV

Ted Liu

Updated on:

Toronto based growth equity firm, Georgian Partners has commenced fundraising for its fourth fund, Georgian Partners Growth Fund IV.

Georgian Partners has been in a rapid-fire fundraising mode since 2015 when it closed Fund II.

Georgian Partners is targeting Fund IV [mepr-active rule=”374″ ifallowed=”hide”]##Subscribe today to see our research on this and all other subscriber ONLY items##[/mepr-active][mepr-active rule=”374″] at US $550 million.

Georgian Partners closed Fund II with CDN $200 million in 2015 and Fund III in 2016 with US $375 million. Georgian Partners first fund closed at $70 million in 2010.

Georgian Partners funds are managed by General Partners (GPs), Justin LaFayette, Simon Chong and John Berton.

Georgian Partners is a thesis-driven growth equity firm investing in SaaS-based business software companies exploiting applied artificial intelligence, security first and conversational business

Shopify (NYSE/TSX: SHOP) was one of Georgian Partners’ best investments. Its Shopify investments held by Fund I and II were worth US $62 million at 2015 IPO price.

photo credit: Ripple Project, Georgian Partners