![]() Client Work MaRS Supports Launch of New $100-million Private Sector Venture FundJanuary 28, 2022 Authors Jesslyn G. MaurierPartner James D. BeebyPartner Philip B. WardPartner Bennett Jones is acting for MaRS Discovery District as it seeks to unlock new value from MaRS Investment Accelerator Fund (MaRS IAF), a seed fund supported by the Ontario government that has made over 175 investments in startups over the past 14 years. Alongside other institutional and entrepreneurial investors, $25 million of its returns on past MaRS IAF investments will be invested back into Ontario’s VC ecosystem to help launch Graphite IAF IV. The Graphite team has completed a first close of $77 million of the new private sector $100-million venture capital fund. As the CEO of MaRS, Yung Wu has stated that the purpose of this initiative is to increase the amount of capital available to invest in early stage companies, a component the overall MaRS mission of developing and supporting great Canadian technology businesses. The Bennett Jones team is led by Jesslyn Maurier and includes Barry Reiter, James Beeby and Phil Ward. Republishing Requests For permission to republish this or any other publication, contact Amrita Kochhar at kochhara@bennettjones.com. For informational purposes only This publication provides an overview of legal trends and updates for informational purposes only. For personalized legal advice, please contact the authors. AuthorsJesslyn G. Maurier, Partner Toronto • 416.777.4899 • maurierj@bennettjones.com James D. Beeby, Partner • Co-Head of Corporate Department Vancouver • 604.891.5326 • beebyj@bennettjones.com Philip B. Ward, Partner Toronto • 416.777.7476 • wardp@bennettjones.com |