The Toronto-based financier is raising the new capital to continue investing in edtech firm Top Hat, data-management platform Tealium, automation company WorkFusion and stock exchange IEX Group, sources told The Globe. Georgian declined to comment to the newspaper. (The Globe and Mail)
Skip to content
The Toronto-based financier is raising the new capital to continue investing in edtech firm Top Hat, data-management platform Tealium, automation company WorkFusion and stock exchange IEX Group, sources told The Globe. Georgian declined to comment to the newspaper. (The Globe and Mail)
Talking point: The new Alignment Fund I will reportedly be the first of multiple pools of money, dedicated to providing growth financing to portfolio companies raising rounds of $100 million or more. Georgian has already re-upped with Toronto-based Top Hat and San Diego’s Tealium this year; WorkFusion and IEX are headquartered in New York. U.S. financiers have launched a number of Georgian-like double-down vehicles, while Canadian firms like Inovia and Round13 have raised growth funds. Domestically, companies raised 20 rounds from VCs worth $50 million or more in 2020, down from 28 in 2019, according to the Canadian Venture Capital & Private Equity Association’s quarterly reports.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
News
Tangerine plans new products as it reinvents itself as a tech-powered challenger bank
Briefing
Neo Financial lays off 10% of its staff
Von der Leyen to highlight Canada relationship in state of the EU speech
Fields-winning Canadian math researcher launches AI safety institute
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
