Toronto, Ontario, Canada-based Whitecap Venture Partners secured $100m in commitments for its third vc fund.
LPs in Whitecap III include Kensington Venture Fund, Bank of Montreal (BMO), and several high net-worth families and family offices.
Launched at the end of April with $70m in commitments and led by Carey Diamond, Partner, Whitecap III is diversified early stage (Series A) venture capital fund focused on Information and Communications Technology (ICT), Medical Tech, and Food Tech.
It has already invested in two companies:
– Real Matters, a provider of property information and insights to the North American real estate lending and insurance markets; and
– Qvella, a molecular diagnostics company that reduces the time to results in the diagnosis of bloodstream infections.