Consolidation In Canadian Venture Capital As Covington Swallows VenGrowth

By Mark Boslet — 5 years ago

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 […]

Continue

Bridgescale Adds Smyth to Focus On Social Media

By Mark Boslet — 5 years ago

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 […]

Continue