Georgian Partners Announces $100 Million First Close of Fund II

Posted by Techvibes NewsDesk

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.

Company:
Shopify
Website:
http://www.shopify.ca
Location:
Ottawa, Ontario, Canada

Shopify is an Ottawa based commerce platform that allows anyone to easily sell online, at their retail location, and everywhere in between. Shopify offers a professional online storefront, a payment solution to accept credit cards, a point of sale system to power retail sales and a card reader to accept payments through a mobile phone. Shopify currently powers over 80,000 active online stores around the world,... more

Company:
Scribble Technologies
Website:
http://www.scribblelive.com
Location:
Toronto, Ontario, Canada

Scribble is the leading end-to-end content engagement platform that enables brands, sports organizations and media companies to drive engagement on their digital assets resulting in improved retention and acquisition of customers. Scribble has an international network of customers including world-class brands CNN, The Associated Press, Reuters, Rogers, Samsung, ESPN, Mashable, Fast Company, CNET and hundreds of... more

Company:
Georgian Partners
Website:
http://www.GeorgianPartners.com
Location:
Toronto, Ontario, Canada

Georgian Partners is a growth equity firm investing in expansion and later stage enterprise software and information aggregation companies. Georgian Partners leverages its capital and its team of strong global operators to support the growth objectives of its investments. Georgian Partners is based in Toronto, Ontario. Georgian Partners. more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more




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