Yaletown Raises $65M Venture Fund

Yaletown Venture Partners, a Vancouver, BC-based venture firm, said today it has raised $65 million in the initial closing of its second fund, which it estimates will grow into a $100 million fund over the next 12 months. The new pot of money will be used for cleantech and information technology investing in Western Canada, and some select cleantech deals in the U.S. Pacific Northwest and across other parts of Canada, the company said. Yaletown noted that it raised its first fund, worth $42 million, during “challenging market conditions” of 2003.

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