Fintech-focused VC firm Information Venture Partners, which spun out of Royal Bank of Canada, surpassed its initial fundraising target to close its second fund at C$106m ($79m).
Canada-based, fintech-focused venture capital firm Information Venture Partners (IVP) has closed its second fund at C$106m ($79m), surpassing its initial C$100m target, with backing from insurance provider Manulife Financial.
Funds affiliated with investment firm HarbourVest Partners led the fundraising, which featured fintech provider D+H and financial services holding company Power Financial as well as Northleaf Venture Catalyst Fund, Teralys Capital Innovation Fund and Permal Capital.
Other limited partners for Information Venture Partners Fund II include financial institutions Royal Bank of…
