McRock Fund II Holds Second Close Adding Global Investors

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Toronto, Ontario–(January 10, 2019) – McRock Capital has held a subsequent close on its latest venture  capital fund, McRock Fund II LP, dedicated to investing in the global trend around the Industrial Internet  of Things (IoT). The $100 million fund has announced the addition of several global corporations and  world-class financial investors including Teralys Capital, Kensington Capital Partners, Caterpillar Ventures,  and a large pension fund.  

McRock Fund II was launched in August 2019 with participation from Cisco Investments, Shell, Mitsubishi  Corporation, BDC Capital, Export Development Canada, Alberta Enterprise Corporation, and HarbourVest. 

“Teralys is proud to extend its support of McRock Capital, a specialized investment fund dedicated to the  rapidly growing IIoT sector,” said Eric Legault, Managing Partner of Teralys Capital. “The founding partners  of McRock have backed some very successful entrepreneurs and early disruptors over their careers and  will use their experience to support the next generation of high growth companies in that sector. The  continuation of such a specialized venture capital franchise is great for the venture capital ecosystem in  Canada.” 

“The McRock team is well connected in the Industrial IoT ecosystem and Kensington is a firm believer in  backing fund managers who have deep sector expertise, and McRock perfectly fits into our portfolio mix,”  said Suganya Tharmalingam, Managing Director & CFO of Kensington Capital Partners.  

About Teralys Capital 

Teralys Capital is a private fund manager financing private venture capital funds investing in innovative  businesses in information technologies, life sciences, and clean & industrial innovations. Our partner funds  cover the entire investment spectrum from early stage start-ups to expansion, growth and technology  buy-outs. With more than $2 billion in assets under management across four venture capital funds of 

funds and two additional legacy portfolios of funds, Teralys Capital is the largest innovation-focused  investor in Canada. Visit For more information, visit 

About Kensington Capital Partners 

Kensington is a leading independent Canadian investor in alternative assets. Founded in 1996, and with  over $1.5 billion invested in private equity, venture capital, and alternative assets. Kensington’s active  management approach and relationship-based business has generated top quartile returns for investors. For more information, visit 

About Caterpillar Ventures 

Caterpillar Venture Capital Inc. (Caterpillar Ventures) assists entrepreneurs around the world to grow and  scale their businesses to build today for a better tomorrow by leveraging Caterpillar’s industry expertise,  supply base and independent dealer network. Caterpillar Ventures’ focus areas of investment include  robotics, energy, advanced materials, and digital solutions that help our customers be successful.  Caterpillar Ventures is a wholly owned subsidiary of Caterpillar Inc., the world’s leading manufacturer of  construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel- -electric locomotives. For more information, visit Caterpillar Ventures 

About McRock Capital 

McRock is an investment firm co-founded by venture capital veterans Scott MacDonald and Whitney  Rockley and invests exclusively in Industrial IoT companies across Canada, the US, and Europe. The  Industrial IoT is about the intersection of sensors and software in large industrial markets. For more  information, visit Follow McRock Capital on Twitter @McRockCapital 


Scott MacDonald 

McRock Capital  

647 478 9337 ext 1