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, but will likely invest the bulk of the new funding in the Waterloo region’s rapidly expanding information technology sector….