On November 23, 2016, Information Venture Partners announced that they had surpassed their fundraising target in the Fund II project by raising $106 million. Fund II is dedicated to investing in early-stage financial technology and enterprise software companies based in North America. The firm surpassed its target thanks to an investment from Manulife. Information Venture Partners plans to use the funds to invest in startup companies, drawing from institutional investors.
Information Venture Partners is a Toronto-based venture capital firm that specializes in Business to Business (B2B) FinTech and Enterprise Software as a service (SaaS).
Osler, Hoskin & Harcourt LLP advised Information Venture Partners with a team consisting of Chima Ubani (Emerging & High Growth Companies) and Matthew Oliver (Corporate).