BDC earmarks $250 million CAD to support underserved entrepreneurs
Commitment includes two $100-million CAD platforms to support Indigenous, Black-led businesses.
VC
Raven Indigenous Outcomes Funds completes $20.4-million first close
New fund will invest in projects solving pressing challenges for Indigenous communities.
TD Bank launches Innovation Partners banking platform for tech companies
TD Innovation Partners’ leadership team is almost entirely ex-SVB and ex-RBCx leaders.
DMZ Ventures launches new fund for early-stage startups
The fund will make up to 10 investments per year, ranging from $100,000 to $250,000 CAD.
Two Small Fish Ventures holds $41-million CAD final close for Fund III
Firm is tapping into its “superpowers” to spot early winners in frontier tech.
Jérôme Nycz out as BDC Capital head
In stunning turn, executive vice president announces retirement after 22 years at BDC.
Northleaf and Kensington both close their VCCI-backed funds
VCCI-backed funds-of-funds feature respective $370 million and $290 million war chests.
Paula Cruickshank to lead BDC Capital’s fund investments as senior VP
Cruickshank fills role previously held by Alison Nankivell, now MaRS’ CEO.
French private equity firm Jolt Capital to open North American headquarters in Montréal
Former Scale AI COO Clement Bourgogne will head the deeptech investor’s Canadian operations.
Inovia raises initial $300 million USD for CDPQ-led third growth equity fund
First close brings Inovia two-thirds of the way to its $450-million target.
Why aren’t Canadian VCs more “cutthroat?”
Plus: An exclusive interview with ex-Lightspeed CEO JP Chauvet on his next move.
After over a decade at Lightspeed, JP Chauvet aims to be “good sounding board” as Inovia’s newest executive-in-residence
In wide-ranging BetaKit interview, Chauvet takes stock of Lightspeed tenure, shares plan to help other entrepreneurs.
McRock Capital announces initial $111-million CAD close of third fund
McRock had previously set a $200 million target for Fund III.
Genesys, Longbow and others recognized for big exits at 2024 CVCA awards
CVCA also named the Global Dealmaker, Lifetime Legacy, Community Leadership, and Regional Impact award recipients.
Amplitude Ventures closes $263 million for second precision medicine VC fund
Amplitude has already made four investments from Fund II.