Continuing a pace begun in December of 2011, the Business Development Bank of Canada (BDC) has recently invested $63 million in three new venture capital funds: Rho Canada Ventures II, Celtic House IV and iNovia Capital III. These three investments help to create venture funds totaling over $300 million in capital from BDC and other co-investors. Beginning immediately and continuing over the next 5-7 years, these three funds will invest in up to 35 promising young Information and Communications Technology companies across Canada, working to help them develop into global leaders in their industries.
"Because of the quality of their managers and the ongoing support they offer to investee companies, these three venture capital funds perfectly satisfy BDC's objectives: to help build world-class technology companies in Canada and strengthen the country's venture capital industry," explained Neal Hill, Vice-President, Fund Investments at BDC Venture Capital.
