TLDR:
- Teralys Capital raised $475 million in commitments, making it the largest-ever fund under the Venture Capital Catalyst Initiative.
- Backed by private investors, the fund aims to support tech entrepreneurs in key innovation sectors for strong financial performance.
Teralys Capital, Canada’s largest independent institutional investor, has announced a $475 million fund under the Venture Capital Catalyst Initiative (VCCI) in collaboration with the Government of Québec. The fund, supported by private investors like CDPQ, Beneva, and Bpifrance, aims to support technology funds and companies across innovation sectors such as information technology, life sciences, and clean and industrial innovations. With a 15-year history of supporting entrepreneurs, Teralys Capital is committed to fostering an innovation ecosystem in Canada and has launched a program for emerging managers in Quebec. This new fund builds on Teralys’ efforts in leading the renewal of Canada’s venture capital and life sciences sector, and building bridges with investors and partners across North America and Europe.
