Canadian VC firm closes third investment fund, raises $101m

FinTech-focused VC company Information Venture Partners has closed its third investment fund and has raised a total of $101m.

Information VP mainly invests in early-stage business-to-business FinTech and enterprise software companies that are focused on modernising financial services.

The company said it remains predominantly focused on businesses selling exclusively to banks, insurers, capital markets and asset managers, horizontal SaaS companies selling to financial organisations and cybersecurity and financial software.

Recent undisclosed investments made by the VC company include funding for enterprise digital contract firm Arteria AI, dataware platform Cinchy, asset and liability management and risk and compliance solutions provider Empryean Solutions, cloud-based business planning provider Jirav and conversation scaler platform ThoughtExchange.

Information VP co-founder and general partner Rob Antoniades said, “We are excited to announce the latest close of our third fund and are proud to be supported by a significant group of sophisticated repeat Limited Partners, and strategic Limited Partners including some of the leading financial institutions in North America. Our culture and operating style has made Information VP the partner of choice for early-stage companies providing solutions to the growing challenges facing financial services.”

Fellow Information VP co-founder and general partner Dave Unsworth added, “Despite the COVID-19 pandemic, worldwide VC funding proved to be resilient, reaching $300 billion last year — a 4% increase from 2019. We’re proud to close Fund III, which is 25% larger than Fund II, at a time when we continue to see a strong uptick in demand for fintech funding.

“Looking to the future, we remain very optimistic about our core investment thesis areas and we’re grateful for the confidence investors and entrepreneurs have placed in us and we will continue to work diligently to scale businesses as we emerge from this once-in-a-generation pandemic.”

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