Organization: Tech Capital Partners

Sandvine Corp raises $40 million through IPO

Sandvine Corp has successfully raised $40 million with an initial public offering (IPO) on the Toronto Stock Exchange. The Waterloo ON-based company will realize about $13 million from the IPO which it will plow into R&D for its broadband network management equipment aimed at residential broadband service providers. The remaining two-thirds will go to Sandvine’s…

New $50-million VC fund targets Waterloo region

Waterloo’s Tech Capital Partners has raised $50 million to create its second venture capital fund, bringing its capital under management to $85 million. Investors in the seed and early-stage fund are BDC Venture Capital (lead), EdgeStone Capital Partner and OMERS Capital Partners. Tech Capital II LP will consider investors in a range of industry sectors,…