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Vanedge Capital Announces $104 Million 'First Close' of Fund II
Friday, April 8, 2016Company Profile | Follow Company
Vancouver, BC, April 8, 2016--(T-Net)--Vanedge Capital announced recently (March 2016) that it has held an initial first close of its second information technology fund on the strength of several big portfolio wins, including last year's sales of MediaCore, Metafor and Recon.
"Vanedge II has raised $104 million in committed capital in January", Vanedge Managing Partner Moe Kermani told PE Hub Canada.
That reportedly puts the fund over half way to meeting its $200 million target. Kermani indicated in the same anouncement that he expects a final close will occur within the next 12 months.
See the full story on the Vanedge Capital Website or on the PE Hub Canada website.
About Vanedge
Vanedge Capital is based in Vancouver, BC and the investment team is comprised of technology executives who bring a deep track record of successfully identifying, securing, and developing technology investments. Our disciplined investment approach combines proprietary research that identifies technology trends early, with our domain expertise, to identify companies and entrepreneurs who are poised to disrupt incumbents, or create new markets. The Principals provide a broad network of high-level relationships, unparalleled domain knowledge, and significant operating experience gained through the management of, and investment in, technology and digital media business.
We invest worldwide, with a focus on the US and Canada, in companies where our unique combination of operating leadership and management, background in technology, creative and management talent, and subject matter expertise will generate out-sized returns. We provide world-class access to partnership opportunities, customer introductions and leadership to a select group of companies where growth and profitability can be enhanced through the strategic use of technology and licensing, improvements in core marketing, distribution and operating processes.
We generally invest in a Series A round between $2M - $5M; and will invest in earlier or later stage deals where we see exceptional teams and technologies. Ideal companies should be post-revenue with a fast-growing user base and have demonstrated product market fit. While we typically lead an investment round, we are also happy to partner with other investors to support your company's growth.
The fund is also one of the designated organizations that secure an investment from as part of Canada's Startup Visa Program.
Vanedge Capital is currently investing out of its $200M Fund II, launched in Janaury 2016. The original $134M Fund I was launched in May 2010. Investors in the funds include major institutional investors as well as a number of high net worth individuals. These investors are successful entrepreneurs and bring substantial connections and insight to the fund.