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Real Ventures Raises $89 Million for Third Fund with ‘Different Focus’

Real Ventures has raised $89 million for its third fund.

According to The Globe and Mail, Real Ventures Fund III was led by the McConnell Foundation of Montreal as well as the federal government via the Venture Capital Action Plan program.

According to general partner Janet Bannister, who will co-manage the fund, Fund III is mandated to be “a more national fund.”

“[It] represents a very different focus,” Bannister told The Globe and Mail.

Recent investments by Real Ventures include Plooto, ioFabric, and Plotly.

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