Today, the Honourable Mary Ng, Minister of International Trade, Export Promotion, Small Business and Economic Development, announced that $50 million will be invested in six venture capital funds focused on the Life Sciences sector under the renewed Venture Capital Catalyst Initiative (VCCI).
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PANACHE CLOSES $100 MILLION FOR SECOND FUND
September 8, 2022
Panache Ventures, one of Canada’s most active early-stage investors, has doubled up for its second fund.
Whitecap Venture Partners Launches New $140 Million Early-Stage Venture Capital Fund
December 9, 2021
Whitecap Venture Partners today announced its new fund, Whitecap V, with commitments of C$140 million. Returning investors include Kensington Capital Partners, BMO Capital Partners (BMOCP), Inuvialuit Investment Corporation, and several other institutional investors and high-net-worth family offices. Venture Ontario is one of several new LPs in Whitecap V.
Yaletown Partners Announces Closing of Innovation Growth Fund II
August 4, 2021
Yaletown Partners ("Yaletown") announced the first close of its $200 million Innovation Growth Fund II ("IGF II"). IGF II's capital comes from a diverse group of leading institutional investors, including global pension funds, financial institutions, family offices, foundations, and a network of successful technology entrepreneurs. With the first closing of $130 million, the active Yaletown funds now exceed $375 million. IGF II follows and will build on the success of Yaletown's Innovation Growth Fund I ("IGF I") which closed in 2018.
Lumira Ventures Closes on US$255 Million of New Capital to Build Transformative Healthcare Companies
July 26, 2021
Lumira Ventures today announced a significant expansion of its capital base to support the founding and building of innovative healthcare companies in Canada and the U.S. The closing of the oversubscribed Lumira Ventures IV at US$220 million represents the largest fund Lumira has raised to date, and the largest institutional life sciences venture capital fund ever raised in Canada.
New Venture Ontario Fund Drives Economic Growth and Creation of High-Value Jobs
June 9, 2021
The Ontario government is providing $100 million in venture capital funding to assist high-potential technology companies innovate and grow, boosting the province’s long-term competitiveness, helping to create jobs and driving economic growth.
Amplitude Adds $50+MM, Seven New Investors In Second Close
July 21, 2020
Amplitude Venture Capital today announced a second close, signalling it has raised more than 75 per cent of the target $200 million for its first fund, focused on precision medicine.
Yaletown Invests in Leading Data Management Company ThinkData Works
June 29, 2020
Yaletown Partners is pleased to announce its participation in ThinkData Works $8 million Series A financing to accelerate the growth of the company.
Micro Focus Completes Acquisition of Interset Software Inc.
February 22, 2019
Ottawa-based Interset Software Inc., a developer and provider of cyber-threat protection software, has been acquired by UK-based Micro Focus. The Ontario Emerging Technologies Fund first invested in Interset (then GridIron Software Inc.) in 2011 alongside Propulsion Ventures and other investors.
For more information, please read the following:
Venture Capital Fund Managers to Help Cleantech Businesses Succeed
May 1, 2018
Ontario has selected two venture capital fund managers through the Venture Ontario to help cleantech companies get the capital they need to grow their business and create jobs in the province.
For more information, please read the following: News Release
Ontario Supporting Growth of Life Sciences Businesses Venture Ontario Seeks Fund Managers
March 1, 2018
Ontario is moving forward with a venture capital fund to help life sciences firms access the capital they need to grow their business, create jobs and compete globally.
Venture Ontario , an agency that manages the province's venture capital equity interests, has issued an expression of interest to identify fund managers to partner with other institutional investors such as corporations, banks and pension funds.
For more information, please read the following:
Ontario to Invest $60 million in Venture Capital
January 16, 2018
Venture Ontario announced today its intention to invest $60 million into venture capital funds on behalf of the government of Ontario.
Venture Ontario will invest in venture capital funds that are focused on sectors of strategic importance to Ontario's economy, such as information and communications technology (ICT), cleantech, and life sciences. Venture Ontario will invest alongside institutional, corporate and other investors on the same market based terms.
For more information, please read the following:
Venture Ontario Announces New President and CEO
August 3, 2017
The board of directors of the Venture Ontario is pleased to announce the appointment of Steve Romanyshyn as new President and Chief Executive Officer.
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Venture Ontario Seeks Fund Managers
February 10, 2017
To support the creation of Ontario's Cleantech Equity Fund, the Venture Ontario issued a call for expression of interest to find fund managers.
For more information, please read the following: