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The News

April 25, 2023

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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September 8, 2022

Panache Ventures, one of Canada’s most active early-stage investors, has doubled up for its second fund.

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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.

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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.

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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.

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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.

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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.

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June 29, 2020

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.

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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.

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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:

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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.

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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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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:

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