McRock Opens Western Canadian Office and Adds Principal

mcrock 27. feb 23 2016 mcrock opens western canada office pic square

 

Toronto, Ontario and Calgary, Alberta –(Feb 23, 2016) McRock Capital Corporation announced today it  has opened a Western Canadian office in Calgary, Alberta and added Jeremy Gilman as Principal. McRock  manages a $65 million dedicated Industrial Internet of Things (IIoT) venture capital fund backed by leading  institutional and strategic investors including Alberta Enterprise Corporation, BDC Capital, Cisco Systems,  EDC, Électricité de France (EDF), HarbourVest, Kensington Capital, and Teralys Capital. McRock was  founded by entrepreneurial VCs, Scott MacDonald and Whitney Rockley and has announced significant  investments in RtTech Software, mnubo and Invixium. 

“The opening of our office in Western Canada is an important extension of our investment reach into the  digital oilfield sector, an exciting sub-segment of the IIoT,” said Whitney Rockley, Co-founder and  Managing Director at McRock. “We are thrilled to have Jeremy Gilman join our team. Prior to McRock, he  spent seven years at a prominent energy-focused private equity firm based in Calgary. Jeremy is a skilled  investment professional who shares our entrepreneurial DNA.”

“The IIoT is being called the next major industrial revolution by many technology leaders and McRock  Capital will provide Alberta-based companies focused on the IIoT with critical expertise and a source of  investment capital”, stated Kristina Williams, CEO of Alberta Enterprise Corporation. “We are very excited  to have McRock join Alberta’s growing and diversified technology community.” 

“The oil and gas industry is facing new challenges as exploration and development of unconventional  resources increases,” said Jeremy Gilman, Principal at McRock. “New sensors and data analytics will allow  an unprecedented level of insight into reservoirs while improvements in monitoring, control, and process  automation will lead to increased efficiency and cost reduction – particularly important in an uncertain  commodity price environment.”  

About Alberta Enterprise Corporation – Alberta Enterprise Corporation promotes the development of  Alberta’s venture capital industry by investing in venture capital funds that finance early stage  technology companies. Alberta Enterprise focuses on funds that have a strong commitment to Alberta – including a full-time presence in the province. In addition to capital, Alberta Enterprise supports Alberta’s venture capital ecosystem by connecting investors, entrepreneurs, and experienced  technology executives who share our passion for building a bright, innovative Alberta. 

Since inception, Alberta Enterprise has committed $105 million of investment to nine VC funds and the  Accelerate Fund, covering a diverse range of forward-looking industries including clean and energy  technologies, information and communications technologies, life sciences, and agriculture and food. Visit www.alberta-enterprise.ca or follow on Twitter @ABEnterpriseCorp. 

About McRock Capital – McRock is the first dedicated Industrial Internet of Things (IIoT) venture capital  fund focused on the intersection of sensors and software in large industrial markets. The McRock team  has a unique background of building high-growth venture-backed IIoT companies while also having  worked in the power, water, oil and gas industries. McRock is backed by several leading institutional  investors as well as Cisco Systems and Électricité de France (EDF). Visit www.mcrockcapital.com or follow  on Twitter @McRockCapital.