Yaletown Partners, a Vancouver, Canada-based venture capital firm, closed its Innovation Growth Fund II, at $200m.
IGF II received support from both existing and new global institutional investors, including pension funds, asset managers, and select family offices.
Yaletown invests in emerging-growth technology companies that enhance sustainability and productivity for industrial and enterprise customers by enabling the digital transformation of capitally intensive industries. IGF II continues the firm’s strategy of financing technology companies enabling the modernization of industries, including transportation and logistics, industrial processes, energy infrastructure, data infrastructure and real assets.
Led by Salil Munjal, Managing Partner, Yaletown has invested in 75+ technology-driven companies across North America, developing a strong roster of portfolio companies, and has a total enterprise value exposure that exceeds $10Bn. Current portfolio companies include GoBolt, a technology enabled and sustainably focused logistics provider committed to providing carbon negative deliveries; EdgeQ, which is delivering a 5G software-defined base station on a chip; Group14, a global manufacturer and supplier of advanced lithium-silicon battery technology and contributor to the world’s transition towards an all-electric future; and ClimateAI, an enterprise climate platform designed to predict the physical risk of climate change on assets and devoted to using tech to support resilience for lives, livelihoods and nature. Yaletown had four exits in 2022, including Circle Cardiovascular Imaging and Tasktop Technologies.
With the final closing of IGF II, active funds under management by the firm now exceed $450M.
FinSMEs
10/03/2023