On February 19, 2015, McRock iNFund LP, an Industrial Internet of Things (“IIoT”) venture capital fund managed by McRock Capital Corporation, led a $3 million Series A financing in Moncton-based RtTech Software Inc., a firm that develops and markets software apps that provide Operational Intelligence for industrial facilities.

New Brunswick Innovation Foundation (NBIF), an existing RtTech Software investor, also participated in the financing.

Gowlings advised McRock Capital with respect to this transaction with a team that included Derek Keay and Danielle Mulaire.