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Canada NewsWire, Tuesday, November 14th, 2006.
TORONTO, On., Nov 13, 2006 –JLA Ventures announced the final closing of J.L. Albright IV Venture Fund at $121 million.
Fund IV is composed of several leading investors who participated in previous funds, including; The Bank of Nova Scotia , the Caisse de dépôt et placement du Québec, CIBC, OMERS, and RBC Capital Partners. The Toronto and Montreal based venture firm also attracted several new leading investors including, BDC Capital, Export Development Canada, FTQ (Federation des Travailleurs et Travailleuses du Quebec), National Bank Financial, Oak Hill Investment Management L.P., TD Capital CFOF Private Equity Investors, and Teachers’ Private Capital, the private equity arm of the Ontario Teachers’ Pension Plan.
Founded in 1996 JLA Ventures primarily focuses on Communications and Systems, Internet and Media, and Software and Services companies. The firm typically invests a total of $5 million to $15 million in each portfolio company, and invests in all stages of growth, from seed to expansion.
JLA Ventures’ recent deals include: MusicIP, a software company that provides track identification and music discovery, spanning from consumer-electronic devices to large-scale label and commerce applications; QuickPlay Media, a mobile media company focused on delivering interactive, rich multimedia to your mobile device; VFM, an end-to-end provider of online media management, for the travel industry; and Truition, a software company that provides on-demand eCommerce solutions.
J.L. Albright III Venture Fund ranks in the top quartile of all venture capital funds with a 2000 vintage year. Exits, to date, from the fund include the sale of a majority of Fun Technologies Inc. to Liberty Media Corporation, the sale of Basis 100 Inc to First American Corporation and the sale of common shares of Bioscrypt Inc. in the stock market.
About JLA Ventures (formerly J.L. Albright Venture Partners)
JLA Ventures, a private venture capital firm with offices in Toronto and Montreal, is a leading investor in technology companies at all stages of growth. JLA Ventures’ past and current portfolio companies include: Triple G Systems (acquired by General Electric), Pixstream (acquired by Cisco), Basis100 (acquired by First American Corporation), Fun Technologies (acquired by Liberty Media Corporation), Servicesoft Technologies (acquired by Broadbase), Isolation Systems (acquired by Shiva), Descartes Systems Group (NASDAQ:DSGX), Bioscrypt (TSX:BYT), Q9 Networks (TSX:Q), VFM, Quickplay Media, MusicIP, HealthUnity, Planeteye, Nstein (TSXV:EIN), redCity Search Company (TSXV:RDC) and b5media. For more information please visit www.jlaventures.com.
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