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Wellington Financial closes $177M fund with Canadian VC fundraising on a roll

09/07/2012
Adding to what is shaping up be a banner year for Canadian venture capital fundraising, Toronto-based Wellington Financial LP announced the first closing of a $177-million fund this week.
 
Word of the new fund comes after Canada’s Venture Capital and Private Equity Association reported in August that VC fundraising in the country totalled $1.4-billion in the first six months of 2012.
 
That’s more than triple the $460-million committed to funds in the first half of 2011, the CVCA said.

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