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We are the venture capital agency of the government of Ontario

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Ontario Capital Growth Corporation (OCGC) is the venture capital investment agency of the government of Ontario. OCGC was created to promote and develop the venture capital sector in Ontario, to assist high potential technology companies access capital vital to grow and prosper. 

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OCGC News

The latest news from Ontario Capital Growth Corporation

August 4, 2021

Yaletown Partners ("Yaletown") announced the first close of its $200 million Innovation Growth Fund II ("IGF II"). IGF II's capital comes from a diverse group of leading institutional investors, including global pension funds, financial institutions, family offices, foundations, and a network of successful technology entrepreneurs. With the first closing of $130 million, the active Yaletown funds now exceed $375 million. IGF II follows and will build on the success of Yaletown's Innovation Growth Fund I ("IGF I") which closed in 2018.

News Release

July 26, 2021

Lumira Ventures today announced a significant expansion of its capital base to support the founding and building of innovative healthcare companies in Canada and the U.S. The closing of the oversubscribed Lumira Ventures IV at US$220 million represents the largest fund Lumira has raised to date, and the largest institutional life sciences venture capital fund ever raised in Canada.

News Release

June 9, 2021

The Ontario government is providing $100 million in venture capital funding to assist high-potential technology companies innovate and grow, boosting the province’s long-term competitiveness, helping to create jobs and driving economic growth.

News Release