Georgian Partners completes first close of Growth Equity Fund

Toronto-based Georgian Partners announced today that it has successfully completed a first close ahead of its $50 Million initial target for Georgian Partners Growth Fund I.

The growth equity fund is focused on expansion stage companies, including high-potential Ontario companies, in the information technology, information aggregation and enterprise software sectors.

The Ontario Venture Capital Fund (OVCF) had previously announced its commitment as Georgian Partners’ lead investor and has been actively assisting the Georgian Partners team to raise the capital required to reach a first institutional close. By providing capital to promising Ontario funds, OVCF hopes to strengthen the ability of Ontario’s VC sector to support innovative, high-growth companies in Ontario by making it easier for them to find the capital, expertise and support they need.