Toronto-based McRock Capital, a veteran industrial technology venture firm, has closed its third fund at more than $120 million, its largest raise despite difficult market conditions. Managing partner Scott MacDonald said disciplined focus and returns to investors drove success. Fund III adds Caterpillar and Autodesk to LPs, joining EDC, BDC Capital, and others.
McRock, with $300 million AUM, backs Series A and B industrial software, targeting $5–$20 million revenue firms and global growth across Canada, the United States, Europe, and Israel, deploying capital cautiously amid tightened fundraising cycles.
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