The early-stage investor’s US$70-million fourth core fund will back startups anywhere in the world in the crypto, climate and health-care sectors, as well as those with marketplace or software-as-a-service business models. Its US$30-million second opportunities fund will participate in growth rounds for existing portfolio companies. Limited partners include the returning Northleaf Capital Partners, HarbourVest Partners, Kensington Capital Partners, and Invesco and Plenty of Fish founder Markus Frind’s family office. New backers include RBC and about 10 entrepreneurs in whose firms Version One has previously invested. (The Logic)
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
Digital car-auction platform E Automotive files for TSX IPO
Union takes umbrage after Stellantis cuts Windsor plant to single shift, citing chip shortage
Canadian miner Noront now favours Wyloo Metals in bidding war with BHP
Competition Bureau investigating Google’s YouTube ad practices
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.
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership to The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our newsroom team and special guests.