Revenues of Vision Critical will shoot past the $100 million mark this year, CEO Scott Miller told peHUB Canada at last week’s Canadian Innovation Exchange (CIX) 2014 in Toronto. He added that the Vancouver-based customer intelligence platform is preparing for an “imminent” growth opportunity that includes an opportunity to “take on more capital” – possibly through an initial public offering.
Canadian venture capital firm iNovia Capital recently led a $1.2 million seed financing of Chronogolf. Chris Arsenault, an iNovia managing partner, believes the small-sized investment will ultimately result in some very big things. Indeed, the Montréal startup is seeking to disrupt the golf industry with its cloud-based software platform.
The latest of several Canadian government-backed investment funds that are being set up to breathe life into the country's venture capital industry raised $160 million on its initial closing, Reuters reported. The fund, dubbed the Kensington Venture Fund, is being run by Toronto-based Kensington Capital Partners. Targeted to raise $300 million in total, Kensington's initial close was achieved in part through capital commitments from leading Canadian corporate and financial investors.
LendingClub Corp., which is backed by investors including Kleiner Perkins Caufield & Byers, is pursuing a dual track process, two sources said.
In a keynote at our recent PartnerConnect conference, Peter Thiel shared his (strong) opinions about Apple, Google, Uber, tech founders, competition, phony technology companies and lots more.
For several months, the rumour mill has been buzzing with speculation that RBC Venture Partners’ principals Robert Antoniades and David Unsworth were on the cusp of launching a new partnership. Well, it has finally happened. In October, the principals completed a buyout of RBC Venture Partners’ investment portfolio and raised LP capital for a brand new Canadian venture capital firm: Information Venture Partners.
The growth of Tinder and other online social and dating apps is drawing plenty of interest from VCs, who are hot and bothered over the online dating sector.
Kohlberg Kravis Roberts & Co is mulling the launch of a growth equity fund after three recent minority investments that marked a departure from its focus on traditional buyouts.
Canadian early-stage venture capital firm Version One Ventures has closed its second fund with $35 million in commitments, exceeding the $30 million target, said Boris Wertz, founding partner. Northleaf Venture Catalyst Fund and BDC Capital are anchoring the new fund and were joined by existing investors from Fund I.
Google has led a $542 million round for Magic Leap, a Florida-based cinematic reality startup.