McRock Launches $100 Million Industrial IoT VC Fund with Global Investors

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McRock Launches $100 Million Industrial IoT VC Fund with Global Investors
McRock Capital has held an initial closing on its second venture capital fu
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McRock Capital has held an initial closing on its second venture capital fund, McRock Fund II LP, dedicated to investing in the global trend around the Industrial Internet of Things (IoT).
McRock is a thought leader in the Industrial IoT sector and has emerged as one of the most experienced investors financing innovative private companies driving the digital transformation.
“We are at the beginning of the digital transformation in every industrial sector and urban environment around the globe,” said Scott MacDonald, Co-founder and Managing Partner of McRock Capital.
“McRock Fund II provides us with significant investment capital and strategic corporate relationships to help build the next generation of high-growth tech companies.”
“Our leadership position continues to be advanced by the caliber of the corporations and institutional investors we have attracted to McRock and Canada,” said Whitney Rockley, Co-founder and Managing Partner of McRock Capital.
“In partnership with McRock Capital, we are seeking out new business models and technologies that have strong disruptive qualities and that can improve the experience of industrial customers.”
“McRock Fund II is building off the success of McRock’s inaugural fund, which is highly differentiated and supports an emerging cluster of technology strength in Canada,” stated Alison Nankivell, VP of Funds and Global Scaling at BDC Capital.
“Industrial IoT companies command a global stage, which makes our partnership with McRock a great opportunity to help Canadian exporters succeed internationally,” said Dan Mancuso, SVP Financing & Investments at EDC.
“The McRock team has significant Industrial IoT expertise and a track record of building successful high-growth companies, specifically in Canada,” said Kristina Williams, CEO of Alberta Enterprise Corporation

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