iGan Partners announced today the launch of its new Rowanwood Ventures Fund, Fund II, a $50 million Canadian early stage venture capital fund focused on the converging digital health and internet software sectors.
Fund II will continue investing in Pre-Series A and Series A opportunities in digital health and B2B software. Under its previous fund (managed through iGan Partners), the Rowanwood Ventures team led investments totalling over $50 million, deployed across eight portfolio companies in the digital health and B2B software sectors.
The Rowanwood Ventures team expects to make up to 10 selective investments over the life of Fund II and “spend a considerable amount of time helping these companies grow to meaningful exits.”
“We have a strong investment team in place from our first fund that brings years of expertise investing in and helping grow early stage companies in these sectors,” said Sam Ifergan, Managing Partner of Rowanwood Ventures.
So far, half the funds have been raised.