McRock 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, Électricité 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.