Alberta Enterprise and Kensington Invest in McRock

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Toronto, Ontario–(April 8, 2015) – McRock iNFund LP, an Industrial Internet of Things (IIoT) venture  capital fund managed by McRock Capital, has held a subsequent close with new investments from  Alberta Enterprise Corporation and Kensington Venture Fund, L.P. The fund held a previous close in  December of 2014 with Cisco Investments, Teralys Capital Innovation LP, and BDC Capital. With this  close, the fund has exceeded its fundraising target. A final close is in process and will be announced in  2015.  

McRock has a strategic relationship with Cisco Systems, the worldwide leader in IT networking. The fund  is focused exclusively on the intersection of sensors and software in large industrial markets, an area  known as the IIoT. The fund will invest in high growth private companies across North America. It is specifically targeting large industrial markets looking to maximize the efficiency of operations by  connecting the unconnected and using software to make machines, equipment and devices run more  intelligently. In February 2015, the fund announced its first investment in Canada’s RtTech Software, an  industrial app company providing operational intelligence for industrial facilities. 

“We are pleased to announce that two very experienced venture capital fund investors have committed  to the fund so quickly after our last close,” said Scott MacDonald, co-founder and managing partner of  McRock Capital. “As part of this investment, we welcome Kristina Williams from Alberta Enterprise and  Rick Nathan from Kensington Capital to the fund’s limited partner advisory committee.” 

“The McRock team has significant IIoT expertise and a track record of building successful high-growth  companies, specifically in Canada,” said Kristina Williams, CEO of Alberta Enterprise Corporation. “We  see this as a strategic investment for AEC that will facilitate the growth of successful IIoT companies in  the province of Alberta, which has strong roots in industrial sectors such as oil and gas.” 

“McRock is exactly the kind of venture fund investment we are looking for in the Kensington Venture  Fund,” said Rick Nathan, Kensington Managing Director, “with a very experienced investment team 

specialized in an important and fast growing segment of the market. We see tremendous opportunities  in grid automation, digital oilfield and other energy and industrial technologies where we can now look  forward to investing with the McRock team.” 

About McRock Capital 

McRock Capital is a venture capital firm making investments in North American companies offering  Industrial Internet of Things software and sensor solutions for the grid automation, digital oilfield,  advanced manufacturing and smart city markets. For more information, visit  Follow McRock Capital on Twitter @McRockCapital 

About Alberta Enterprise Corporation 

Alberta Enterprise promotes the development of Alberta’s venture capital industry by investing in  venture capital funds that finance early stage technology companies. Launched with a $100 million  investment from the Government of Alberta, Alberta Enterprise focuses on funds that have a strong  commitment to Alberta. For more information, visit 

About Kensington Capital Partners 

Kensington is a leading independent Canadian investor in alternative assets. Founded in 1996, and with  over $670 million invested to date in private equity, venture capital, infrastructure and hedge funds,  Kensington’s active management approach and relationship based business has generated top quartile  returns for investors. For more information, visit