BC Tech Fund provides shot in the arm for Lumira Capital IV
Posted on 05 April, 2017 by Chris Winters, reporter
The government of British Columbia’s venture capital fund will invest in healthcare and life sciences through a contribution to Lumira’s new vehicle
The BC Tech Fund, managed by Kensington Capital Partners invested an undisclosed amount into Lumira Capital IV, a new healthcare and life sciences venture capital fund managed by Lumira Capital, yesterday
The Canadian firm invests in pharmaceutical, medical device, health IT and consumer health companies across North America.
Launched in October 2016, the BC Tech Fund is a C$100m ($74m) fund investing in technology companies based in the Canadian province of British Columbia. The fund has previously invested in Vanedge and Mojio.
Teresa Wat, minister of international trade, said: "This new investment in Lumira Capital IV from our $100 million BC Tech Fund will establish an important new source of venture capital for BC-based healthcare and life science companies, catalysing economic growth, investment and jobs for the province."
See more from this Government Report: Canada
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