Real Ventures closes Real Investment Fund 17 at $180M

Real Ventures, Montreal based seed and early stage venture firm, has closed its fourth fund, Real Investment Fund 17, at $180 million, doubling the size of its 2013-vintage Real Investment Fund III which final closed at $89 million in 2015.

Real Ventures launched its fundraising effort in 2016. Real Ventures now manages over $330 million.

Limited Partners of Fund 17 include Tencent Holdings Ltd. and Temasek Holdings Private Ltd. Tencent Holdings Ltd is part of the investor group in the US $102 million Series A raised by Real Ventures seed-funded Element AI.

Other investors of Fund 17 include Caisse de dépôt et placement du Québec (CDPQ), Teralys Capital, BDC Capital, Investissement Québec (IQ), Fonds de solidarité FTQ, and HarbourVest Canada Growth Fund.

The new fund is managed by General Partners, John Stokes, Jean-Sébastien Cournoyer, Alan MacIntosh and Janet Bannister.

Osler, Hoskin & Harcourt LLP acts as legal counsel to Real Ventures.

The new fund has reportedly allocated $30 million dedicated to funding Quebec firms seeking “pre-seed” funding.

photo credit: Carl Atiyeh for Real Ventures

Ted Liu

Ted Liu, M.Sc. (Mining, Queen's), MBA (Finance, Toronto), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.