US Cellular and Royal Bank of Canada are among the limited partners in venture capital firm Relay Ventures' third fund, which has already made 10 investments.
Canada-based venture capital firm Relay Ventures closed its third fund yesterday with a total of C$200m ($150m) in commitments from limited partners including mobile network operator US Cellular.
Northleaf Capital Partners acted as the lead investor, while Royal Bank of Canada, Kensington Capital Partners, Generation Capital, AEC, credit export agency Export Development Canada and pension fund manager Caisse de dépôt et placement du Québec also supplied cash.
The firm launched its first fund, BlackBerry Partners Fund, in 2008 with backing…
