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)
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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.
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