Accel Partners’ Ryan Sweeney tells peHUB he and partner John Locke wooed LightSpeed over 18 months before the profitable and fast-growing software maker agreed to accept a $30 million investment from Accel.

The government of Canada said it gave $1,947,250 in seed money to three Ottawa-area startups: Toushay Inc.;  Protecode Inc.; and Benbria Corp. PRESS RELEASE Government of Canada Invests in Innovation, Jobs and Growth in Ottawa OTTAWA, ONTARIO – May 7, 2012 – The Honourable Gordon O’Connor, Minister of State and Member of Parliament for Carleton-Mississippi [...]

(Reuters) – Canadian venture capital funds raised C$365 million ($356.8 million) in the third quarter, more than seven times the C$47 million they raised in Q3 2010, according to a new report from the Canadian Venture Capital and Private Equity Association (CVCA). Fundraising for the first nine months of this year totaled C$739 million, just below [...]

TORONTO, Aug 16 (Reuters) – Venture capital investment in Canada slid 2% in the second quarter and new commitments to venture capital funds continued to fall, data showed on Tuesday. According to figures compiled by the Canadian Venture Capital and Private Equity Association and research partner Thomson Reuters, publisher of this blog, C$328 million ($334.7 [...]

While you were feasting on turkey and trimmings, Canadian venture capitalists were hard at work. Covington Fund II Inc. said Thursday it won approval to combine with five VenGrowth Asset Management funds. It offered no financial terms for the transaction, though VenGrowth assets are roughly $320 million. According to Covington, the deal will produce one [...]

Bridgescale Partners is adding a fifth partner. The firm is announcing today that Canadian Derek Smyth is joining the as a managing director, yet another indication that the growth stage investor is making a push in Canada. Smyth (pictured) previously served as a partner at EdgeStone Capital Partners and serves on the boards of RedMere [...]