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Celtic House closes $105M fund

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Published on May 22, 2012; Published on May 22, 2012
OBJ Staff

The largest venture capital investor in Ottawa says it has closed a new $105-million fund.

Topics :: Celtic House , Ontario Venture Capital Fund , Export Development Canada and BDC Venture Capital.Celtic House , Toronto , Montreal , Ottawa.The

Celtic House Venture Partners says its new fund will focus on early-stage investment opportunities in media communications technology and is backed by the Ontario Venture Capital Fund, Teralys Capital, Export Development Canada and BDC Venture Capital.

Celtic House manages more than $425 million across three funds, and has offices in Toronto, Montreal and Ottawa.

The firm had $135 million invested in local companies as of last summer. Over the years, it has made investments in eBillme, dna13, Overlay.TV and DragonWave.

Data released by the Canadian Venture Capital & Private Equity Association last week showed local investments fell in the first quarter, both year-over-year and in comparison to the fourth quarter of 2011.

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