Thursday, November 3, 2016

Relay Ventures Raises $150M Fund

Toronto- and Menlo Park-based Relay Ventures said Thursday that it has closed on Relay Ventures III, a new $150M venture capital fund. Relay Ventures said the fund is focused on focused on early-stage investments in mobile software, services, content, and technology startups in Canada and the United States. LPs in the new fund are Northleaf Capital Partners, Kensington Capital Partners, Generation Capital, La Caisse de depot et placement du Quebec, EDC, AEC, and Royal Bank of Canada.