iGan Partners’ Fund, Rowanwood Ventures completes first close of its $50M Fund
Venture capital firm will focus on converging internet / software and digital health sectors in Canada
Toronto, ON, June 11, 2015 – iGan Partners announced today the launch of its new Rowanwood Ventures Fund, Rowanwood Investment Fund II, LP (“Fund II”), a $50 million Canadian early stage venture capital fund focused on the converging digital health and internet / software sectors.
Rowanwood Ventures also announced that it has raised $26M for the first closing of Fund II, receiving support from iGan Partners and leading family offices who also supported the Rowanwood Ventures team through co-investments under the former fund.
Fund II will continue investing in Pre-Series A and Series A opportunities in digital health and B2B software and is backed by a solid team of investment professionals and key advisors that have deep domain expertise in these sectors. Under its previous fund (managed through iGan Partners Inc.), the Rowanwood Ventures team led investments totalling over $50 million, deployed across 8 portfolio companies in the digital health (including imaging devices) and B2B software sectors. Taking an active hands-on management approach, the Rowanwood Ventures team expects to make 8-10 selective investments over the life of Fund II and spend a considerable amount of time helping these companies grow to meaningful exits.
“We are very excited about launching our second fund that will continue to focus on our areas of expertise and where we believe to see the most growth in the near future. We have a strong investment team in place from our first fund that brings years of expertise investing in and helping grow early stage companies in these sectors. There has never been a better time to launch tech companies in Canada and we are very excited to collaborate with dynamic founders in helping build the next best company”, said Sam Ifergan, Managing Partner of Rowanwood Ventures.
Rowanwood Ventures is in discussions with several Canadian and international LPs, for the remaining portion of the fund with a final closing expected in Q3 2015.
About Rowanwood Ventures / iGan Partners
Rowanwood Ventures is an early stage venture capital fund managed by iGan Partners. With a focus on internet, software, and digital health, we invest in dynamic management teams, empowering them to build impactful businesses. We have been through the process of building large successful companies and understand the challenges facing growing businesses, having faced them ourselves. We provide early stage companies with smart capital, a unique active management approach and exclusive access to a network of industry partners and sector specific co-investors to help them build the next big company.
For more information https://www.rowanwoodventures.com/
