McRock Fund II reaches $112 million adding AspenTech and Fonds de solidarité FTQ as investors

04 June 2020

On June 4, 2020, McRock Capital held a subsequent close on its latest venture capital fund, McRock Fund II LP, dedicated to investing in the global trend around the Industrial Internet of Things (IoT).

The fund exceeded its target, reaching $112 million with the announcement of new commitments from Aspen Technology, a global leader in asset optimization that is embedding artificial intelligence throughout industrial processing environments, and the Fonds de solidarité FTQ.

McRock Fund II was launched in 2019 with participation from Cisco Investments, Caterpillar Ventures, Shell, Mitsubishi Corporation, BDC Capital, Export Development Canada, Teralys Capital, Alberta Enterprise Corporation, HarbourVest, Kensington Capital Partners and a large pension fund.

Gowling WLG was counsel to McRock Capital with a team that included Derek Keay, Alan James and Joseph McDonald (corporate/fund formation).

NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.