Avrio Capital Announces Final Closing of Third Fund
Avrio, February 8, 2016 – Avrio Capital Inc. (“Avrio”) is pleased to announce the second closing of its third institutional late stage venture fund, Avrio Ventures Limited Partnership III (the “Fund”) and the establishment of Avrio Ventures Parallel Limited Partnership III (collectively with the Fund, “Fund III”). With total commitments approaching $110M, the closing establishes Fund III as the largest in Avrio’s history and follows the first closing which occurred in August of 2014 with the Fund’s cornerstone investors, Farm Credit Canada and Export Development Canada. Based in Calgary, Alberta, the Avrio team is one of Canada’s longest standing venture franchises having accumulated 15 years of investment experience while placing in excess of C$200M across fifty portfolio companies in agriculture and food technology.