EDF joined Cisco and a host of Canadian venture capital investors in backing McRock Capital, which is targeting $65m for its industrial internet of things fund.
Canada-based venture capital fund McRock Capital is preparing to close its debut fund after securing backing from energy utility EDF yesterday.
McRock will operate as a dedicated industrial internet of things (IIoT)-focused fund, and expects to reach its $65m target in August, managing partners Scott MacDonald and Whitney Rockley told PE Hub Canada.
EDF joins networking technology provider Cisco Systems, the first strategic partner to be attracted by McRock, and fellow limited partners including Alberta Enterprise, BDC Capital, Kensington Capital,…
