Six-year-old
The Vancouver, British Columbia-based firm is targeting the fund at $100 million. Yaletown raised $42 million for its first fund, which closed in 2003.
Yaletown’s news will hopefully brighten the day of Canadian VCs, who’ve been confronted by tough economic times in recent months. Recently, 20-year-old Vancouver-based
Meanwhile, 10-year-old, Ottawa-based
Yaletown, which primarily invests in both IT and cleantech in the Pacific Northwest and Canada, doesn’t appear to have enjoyed any exits yet, based on data from Thomson Reuters (publisher of PE Week). Apparently, LPs like the stakes that the firm has assembled thus far.
Among Yaletown’s portfolio companies is Austin, Texas-based Microstag, which designs and markets intelligent fluid control microsystems and has raised $14.5 million since its 2000 launch; Seattle-based Mixpo, an video software startup that sells to enterprises and has raised $6.5 million, including from the