Toronto growth equity firm Georgian Partners has raised $100 million in the first close of its second fund. The LPs are Northleaf Venture Catalyst Fund, BMO Financial Group, Kensington Capital Partners, Fondaction, various family offices and an unnamed software investor. The fund will focus on tech companies that are using applied analytics.
TORONTO, Feb. 25, 2014 /PRNewswire/ — Georgian Partners (http://www.georgianpartners.com/), a growth equity firm investing in expansion-stage software companies, announced today it has completed a first close of $100 million for its newest fund Georgian Partners Growth Fund II, LP (“Fund II”). The new fund will again focus on investments in expansion stage Enterprise Software, Internet and Information companies that are exploiting Applied Analytics: the convergence of Cloud-based business solutions, Big Data, and broad Information Rights. The lead investor for Fund II is Northleaf Venture Catalyst Fund (NVCF); additional investors in this close include BMO Financial Group, Kensington Capital Partners, Fondaction, family offices and a large strategic software investor.
“We are very pleased to have reached this first milestone for Fund II,” said Justin LaFayette, co-founder and managing director of Georgian Partners. “To have so many of our investors returning for Fund II is a great validation of our Applied Analytics thesis.”
“We have a strong, long-standing relationship with the team at Georgian Partners and have witnessed first-hand their impressive track record of helping developing enterprise software companies grow to the next level,” said Ian Carew, Director of Northleaf Capital Partners, manager of NVCF. “Northleaf is excited to be leading the investment in Georgian Partners Growth Fund II.”
This new fund follows Georgian Partners Fund I which has invested in a number of companies across the US and Canada including: 41st Parameter, the global leader in device recognition and intelligence (acquired in 2013 by Experian); Shopify, an online retail platform aimed at providing businesses with easy to use e-commerce solutions; Kony, the fastest growing cloud-based mobile application development platform (MADP) in the industry with over 600 live multi-channel apps, serving over 20 million end users across 45 countries; and ScribbleLive, the leading end-to-end platform for real time content engagement.
About Georgian Partners:
Georgian Partners is a growth equity firm investing in expansion stage Enterprise Software, Internet and Information companies that are exploiting Applied Analytics: the convergence of Cloud-based business solutions, Big Data, and broad Information Rights. Founded by successful entrepreneurs and technology executives, Georgian Partners leverages our global software expertise to be able to directly impact the success of companies. For more information, visit www.georgianpartners.com