McRock iNFund Closes at over $65M

mcrockMcRock iNFund LP, an Industrial Internet of Things (IIoT) venture capital fund managed by McRock Capital, held a final fund closing at just over $65m.

McRock, which focuses on backing early-stage revenue-generating companies focused on the IIoT sector, received a commitment from the Harbourvest Canada Growth Fund, managed by HarbourVest Partners.
The HarbourVest fund joined Alberta Enterprise Corporation, BDC Capital, Cisco Investments, Export Development Canada, √Člectricit√© de France (EDF), Kensington Venture Fund, L.P., Teralys Capital Innovation LP and a number of individuals including Marzio Pozzuoli, the founder and former CEO of RuggedCom.

Located in Toronto, Ontario, Canada, and led by Whitney Rockley, Co-founder and Managing Partner, McRock Capital is targeting initial investments of between $2 million and 4 million. It recently invested in data analytics company mnubo and RtTech Software, a software app maker that gathers operational intelligence for industrial facilities.

FinSMEs

31/08/2015

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