Rhino Ventures wraps up third early-stage fund, raises C$120m

Rhino Ventures, a Vancouver-based venture capital firm, has closed a third early-stage fund, raising C$120 million, according to a blog post.

Rhino Ventures, a Vancouver-based venture capital firm, has closed a third early-stage fund, raising C$120 million, according to a blog post. The investors were not disclosed. Rhino Fund III will back technology startups across Canada in pre-seed through to Series A financings, with initial investments ranging from $500,000 to $5 million. In certain verticals, it will pursue opportunities globally.

Source: Blog post