McRock Launches $100 Million Industrial IoT VC Fund with Global Investors

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McRock Launches $100 Million Industrial IoT VC Fund with Global Investors

McRock Launches $100 Million Industrial IoT VC Fund with Global Investors

McRock Capital has held an initial closing on its second venture capital fund, McRock Fund II LP, dedicated to investing in the global trend around the Industrial Internet of Things (IoT).

The new fund has reached over 80% of its targeted $100 million. Investors include Cisco Investments, Shell and other significant corporate and institutional investors including BDC Capital, Export Development Canada, Alberta Enterprise

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