Vanedge Capital II holds 2nd close

Vanedge Capital has held a second close for its second fund, Vanedge Capital II Limited Partnership, raising ##subscriber ONLY content## million in additional commitments to bring the fund size to ##subscriber ONLY content## million.

The B.C. Tech Fund committed $15 million in this close.

Vanege Capital held a $104 million initial close in January 2016, with fund target size of $200 million. Fund II limited partners include Kensington Venture Fund, BDC Capital and Export Development Canada.

Vanedge Capital invests in cloud computing, artificial intelligence, cyber security, SaaS and digital media.

Fund II is managed by general partners, V. Paul Lee and Moe Kermani, with Principal Amy Rae rounding up the investment team.

photo credit: Vanedge Capital

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.