Organization: Royal Bank of Canada

RBC funds Waterloo’s cybersecurity lab, privacy projects

The Royal Bank of Canada (RBC) is investing $1.78 million in Univ of Waterloo for a cybersecurity lab and to support research projects in cybersecurity and digital privacy. The fund will support projects in computer science, mathematics and the new cybersecurity lab for the financial sector in the William G Davis Computer Research Centre, as…

Former RBC executives spin out IVP fintech fund

A group of former Royal Bank of Canada executives has launched its second Information Venture Partners (IVP) fund, raising $72.5 million of an anticipated $100 million to target promising financial technology (fintech) and enterprise software companies requiring series ‘A’ funding of $2-4 million. Institutional investors that have signed on include HarbourVest Canada Growth Fund, Northleaf…

Neuromed raises US$25M for clinical development

Neuromed Pharmaceuticals has raised an additional US$25 million in a series D financing that brings its cumulative venture capital financing to $74 million. The new capital will be used to advance development of its lead compound for the treatment of chronic pain and its second development program for the treatment of anxiety, epilepsy and cardiovascular…

Concordia creates chairs and professorships

Concordia Univ’s John Molson School of Business has received more than $3 million for the creation of two research chairs and two distinguished professorships. The Lawrence Bloomberg Chair in Accountancy was inaugurated with a major donation from Bloomberg, a director and advisor to the National Bank of Canada. Dr Michel Magnan, a professor of accountancy…