Canadian venture-capital firm Whitecap Venture Partners has raised 70 million Canadian dollars ($57.5 million) for its latest fund, counting one of Canada’s big banks among its investors.
Whitecap has attracted funding from Bank of Montreal, the country’s fourth-biggest lender by assets, and Kensington Venture Fund, a new fund of funds backed by Kensington Capital Partners and partly seeded with money from the federal government as part of its plan to spur domestic innovation through increased venture-capital investments. Other investors include several high-net-worth families, and Whitecap expects to raise a total up to C$100 million for the new fund when it closes in sometime later this year. Read More
(Source: www.wsj.com)
Whitecap has attracted funding from Bank of Montreal, the country’s fourth-biggest lender by assets, and Kensington Venture Fund, a new fund of funds backed by Kensington Capital Partners and partly seeded with money from the federal government as part of its plan to spur domestic innovation through increased venture-capital investments. Other investors include several high-net-worth families, and Whitecap expects to raise a total up to C$100 million for the new fund when it closes in sometime later this year. Read More
(Source: www.wsj.com)
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