Information Venture Partners closes third fund, raising $124 million CAD
Toronto-based venture capital firm Information Venture Partners (Information VP) has closed its third venture fund, securing around $124 million CAD ($101 million USD).
Information VP’s Fund III has been backed by a group of limited partners that have invested in its firm since its inception. Information VP did not disclose the names of its LPs. The firm noted the fund’s financiers also include “the five largest institutional fund of fund investors that support the Canadian venture capital ecosystem,” four of Canada’s six largest banks, other large financial institutions and insurers, and “executives from leading fintech companies.”