Georgian Partners announced today it has completed a first close of $100 million for its newest fund Georgian Partners Growth Fund II, LP.
The new fund will again focus on investments in expansion stage Enterprise Software, Internet and Information companies that are exploiting Applied Analytics: the convergence of Cloud-based business solutions, Big Data, and broad Information Rights.
The lead investor for Fund II is Northleaf Venture Catalyst Fund (NVCF); additional investors in this close include BMO, Kensington Capital Partners, Fondaction, family offices and a large strategic software investor.
“We are very pleased to have reached this first milestone for Fund II.” said Justin LaFayette, co-founder and managing director of Georgian Partners. “To have so many of our investors returning for Fund II is a great validation of our Applied Analytics thesis.”
“We have a strong, long-standing relationship with the team at Georgian Partners and have witnessed first-hand their impressive track record of helping developing enterprise software companies grow to the next level,” said Ian Carew, Director of Northleaf Capital Partners, manager of NVCF. “Northleaf is excited to be leading the investment in Georgian Partners Growth Fund II.”
This new fund follows Georgian Partners Fund I which has invested in a number of companies across Canada including Shopify and ScribbleLive.