Vanedge Capital has held a second close for its second fund, Vanedge Capital II Limited Partnership, raising [mepr-active rule=”374″ ifallowed=”hide”]##subscriber ONLY content##[/mepr-active][mepr-active rule=”374″]$53.5[/mepr-active] million in additional commitments to bring the fund size to [mepr-active rule=”374″ ifallowed=”hide”]##subscriber ONLY content##[/mepr-active][mepr-active rule=”374″]$157.5[/mepr-active] 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