RMF Capital Announce They are Putting $50m in the Technology Pot for 2017

Canadian venture capital climbed to 10-year high last year and 2106 is looking like it will prove to be the same. RFM Capital also believes it will continue and has earmarked $50m for the booming technology sector. End Quote

(1888PressRelease) December 09, 2016 - John D. Breeden, RFM Capitals's Senior Technological Development Director said in a recent statement that "We have held back on investing heavily in technology as we have been concentrating on the pharmaceutical sector, however, we have watched the technology sector diligently over the last few years and believe now it the time for us to get heavily involved".

The last 2 years have seen traditionally strong VC sectors as information and communication technology (ICT), life sciences, clean tech and agribusinesses led the way, with ICT accounting for 325 deals that raised $1.37-billion. The two largest deals were Montreal point-of-sale software firm Lightspeed POS Inc.'s $79-million round, led by Caisse de dépôt et placement du Québec, and cryptocurrency startup Blockstream Corp.'s injection of $73-million with Horizon Ventures and AXA Strategic Capital leading the round.

Life sciences companies have seen a significant jump in funding: In 2015, 110 deals worth $647-million were announced, compared with two years ago when only 54 deals brought in $272-million. Montreal's Clementia Pharmaceuticals Inc. saw the biggest deal, with a $74-million round that included Janus Capital and New Enterprise Associates.

Clean tech funding has declined significantly in the past three years from $394-million spread across 39 deals in 2013 to 2015's $135-million in 44 deals. One of the biggest deals was a $21-million follow-on fund for General Fusion, the Burnaby, B.C.-based company chasing the dream of commercialized fusion power. The probable cause of clean tech's falling fortunes is attributed to a glut of cheap oil, which reduces the urgency to diversify Canadian energy sources.

But perhaps the healthiest metric for venture capital last year were the exits: There were 44 so-called liquidity events in 2015 (initial public offerings, sales or reverse takeovers) that netted $4.26-billion. A huge chunk of that came from Shopify's almost $1.6-billion IPO valuation, but even without the Ottawa e-commerce player, the remaining $2.6-billion (which includes 32 mergers or acquisitions for $1.3-billion) swamps 2014's haul of $1.45-billion and 2013's $1.3-billion.

RMF Capital was founded in 2011 by a like-minded set of successful individuals who wanted to help other businesses and ideas come to fruition and fulfill their true potential. Since their inception they have been discovering quality, viable and reliable investment opportunities for their individual and corporate investors, giving them access to the potentially high returns of any capital they inject into our project companies. Their investors along with themselves (they always commit financially to any company they partner, with a minimum of 30% of any funding coming direct from their partner fund) are fully committed to the projects from the start and will be fully aware of the budgets forecast. This is invaluable in the sense that they can time and time again go back to their source capital fund providers for further funding. RMF Capital have maintained significantly higher returns than those that are generally available giving their clients better returns than they would, should they choose to invest their monies elsewhere.

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