Kirk Falconer
Bain Capital was targeting $1bn, with the firm kicking in an additional $100m to invest in North American growth-stage and mid-market tech companies.
The agreed upon rules are of value to banks because 'venture capital is incredibly hot right now,' according to Goodwin attorney Timothy Clark.
"Customers are scaling back on tech spending for the first time in a long time. The effects are diverse and tech companies will be impacted differently," Bain Capital's Darren Abrahamson said.
Partnerships with the C100 and MaRS include a role for Roynat Capital to provide financing solutions to technology companies featuring Canadian talent and entrepreneurs.
Venture capital investment in Canadian technology companies remained strong in Q4 2019, with $1.7 billion deployed across 143 rounds.
Round13 Capital has closed its second venture capital fund and launched a new growth equity vehicle, bringing capital managed to C$325 million-plus.
Unito, a Montreal-based provider of an integration solution for workflow automation, has secured C$10.5 million in a Series A financing.
Blockthrough has acquired Uponit, a New York City- and Tel Aviv-based ad recovery platform for publishers, for an undisclosed amount.
Kurtosys, a London, U.K.-based digital experience software platform for financial services firms, has secured undisclosed growth financing from Vistara Capital Partners.
ArcTern Ventures, a Canadian clean technology venture capital firm, has secured C$200 million for its sophomore fund.