Yaletown reportedly raises $100 million for growth fund


Vancouver-based Yaletown Partners has reportedly raised over $100 million for its growth fund, according to PE Hub Canada (link removed as website is broken).

Participating LPs included a large Canadian pension fund and other institutions, among them family offices, and tech CEOs, PE Hub Canada’s sources said. Yaletown declined to comment to the publication.

The investors were not identified, but last month Alberta Enterprise Corp. committed $10 million.

Yaletown’s Innovation Growth Fund launched in 2016 with the goal of raising $135 million. Because of the increased interest, the funding target was reportedly raised to a minimum of $175 million with the potential to go as high as $200 million.

The firm – which has traditionally focused on western Canada investments — is now looking to invest across Canada with presences in Vancouver, Calgary, Toronto, and Montreal.

Yaletown has said that it looks for intelligent industrial and intelligent enterprise companies. At the time of its launch, Yaletown said it’s looking for companies that have annual product sales of $2 million to $5 million.

Photo via Unsplash Vancouver

Jessica Galang

Jessica Galang

Freelance tech writer. Former BetaKit News Editor.

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