Information Venture Partners Surpasses Initial Target to Close Fund II at $106M
Additional capital committed by leading institutions;
Well-positioned to invest in North American financial technology and enterprise software
TORONTO – November 20, 2016 – Information Venture Partners, an early stage venture capital firm that invests in FinTech and enterprise software companies, announced today that it has completed the final close for its second investment fund. Information Venture Partners Fund II, closed at $106 million, surpasses the initial fundraising target of $100 million.
Manulife Financial Corporation (Manulife), a leading international financial services group with principal operations in Asia, Canada and as John Hancock in the United States, joins Information Venture Partners Fund II as a Limited Partner. Existing investors have also contributed to the final close.
“We are pleased to close our second fund at $106 million, surpassing our original target set when we launched Information Venture Partners,” said David Unsworth, Co-Founder and General Partner. “The additional investment from new Limited Partner, Manulife, strengthens our position as the leading early stage financial technology and enterprise software venture capital firm,” said Robert Antoniades, Co-Founder and General Partner.
Led by Co-Founders and General Partners, Robert Antoniades and David Unsworth, the Information Venture Partners team brings nearly 35 years of combined venture investing experience and domain expertise in FinTech and enterprise software, having previously led RBC Venture Partners, the in-house fund of RBC, Canada’s largest bank.
About Information Venture Partners:
Information Venture Partners (IVP) is a Toronto-based venture capital group investing out of its $106 million second fund. IVP is focused on fast-growing enterprise FinTech and enterprise software companies based in North America. As a Series A investor, IVP looks for rapidly growing companies with differentiated technology solutions addressing significant market opportunities. Portfolio companies include Adaptive Insights, Verafin, Igloo Software, eSentire, PostBeyond and Q4.
Manulife Financial Corporation is a leading international financial services group providing forward-thinking solutions to help people with their big financial decisions. We operate as John Hancock in the United States, and Manulife elsewhere. We provide financial advice, insurance and wealth and asset management solutions for individuals, groups and institutions. At the end of 2015, we had approximately 34,000 employees, 63,000 agents, and thousands of distribution partners, serving 20 million customers. At the end of September 2016, we had $966 billion (US$736 billion) in assets under management and administration, and in the previous 12 months we made more than $24.4 billion in benefits, interest and other payments to our customers. Our principal operations are in Asia, Canada and the United States where we have served customers for more than 100 years. With our global headquarters in Toronto, Canada, we trade as ‘MFC’ on the Toronto, New York, and the Philippine stock exchanges and under ‘945’ in Hong Kong. Follow Manulife on Twitter @ManulifeNews or visit manulife.com or johnhancock.com.