Georgian Partners Growth Fund II, the second applied analytics fund of Canadian venture capital firm Georgian Partners, has secured a strategic investment from Cisco Systems Inc. The undisclosed commitment will add to the $100 million that Fund II raised in its first closing in February. Cisco announced plans last month to commit $150 million to support and accelerate innovation in Canada over the next 10 years. The strategy includes making investments in Canadian venture capital funds. Based in Toronto, Georgian Partners in May led the $10 million Series B financing of Top Hat, a mobile and web-based provider of classroom engagement and teaching tools.
Georgian Partners Fund II Receives Cisco Investment
Investment Supports New Fund Focused on Applied Analytics
TORONTO – Georgian Partners today announced that Cisco has made a strategic investment in Georgian Partners Growth Fund II, LP (“Fund II”) the newest fund from Georgian Partners, a growth equity firm investing in expansion-stage software companies.
“We are very pleased to have Cisco investing our second fund,” said Simon Chong, co-founder and managing director of Georgian Partners. “To have a global leader like Cisco join the fund as an investor demonstrates the validity of our Applied Analytics investment thesis.”
“By investing in innovative companies we gain valuable insight into the Canadian start up and entrepreneurial community,” said Cisco Canada President Nitin Kawale. “Georgian Partners is at the forefront of investing in expansion-stage software companies, which in addition to their investment focus on Big Data and Analytics, supports our own vision of the opportunity that the Internet of Everything represents and aligns to our commitment to fostering innovation in Canada.”
Applied Analytics, the convergence of Cloud-based business solutions, Big Data, and broad Information Rights provides a blueprint for generating value from the vast amount of data being generated by the Internet of Everything. To capture that value however companies need a strategic approach such as that outlined by the 11 Principles of Applied Analytics (www.georgianpartners.com/applied-analytics).
About Georgian Partners:
Georgian Partners is a growth equity firm investing in expansion stage Enterprise Software, Internet and Information companies that are exploiting Applied Analytics: the convergence of Cloud-based business solutions, Big Data, and broad Information Rights. Founded by successful entrepreneurs and technology executives, Georgian Partners leverages our global software expertise to be able to directly impact the success of companies. For more information, visit www.georgianpartners.com
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