Genesys Capital is Closing its Largest Fund to Date – Genesys Ventures IV LP
TORONTO & MONTREAL, June 11, 2025--(BUSINESS WIRE)--Genesys Capital ("Genesys") is pleased to announce the upcoming closing of Genesys Ventures IV LP ("Fund IV" or the "fund") to continue its successful track record of building Canadian life science companies in both the medtech and biotech sectors.
Genesys welcomes new Limited Partners into Fund IV and thanks returning LP's that engaged early, maintained unwavering support through the fundraising process, and provided catalytic commitments of scale to the fund, in the current context of an unprecedented, ever-changing macro environment. Fund IV institutional investors include: BDC Capital, Export Development Canada (EDC), Fonds de solidarité de la Fédération des travailleurs et travailleuses du Québec (FTQ), HarbourVest, Royal Bank of Canada, Teralys Capital, Venture Ontario, and the Government of Canada's Venture Capital Catalyst Initiative (VCCI), which is administered by BDC Capital under its Life Sciences Stream. Limited Partner commitment to the Genesys franchise and the Genesys investment thesis of co-creating and investing in disruptive Canadian life science opportunities has paid off as Genesys has delivered class leading performance and increasing DPI across its successive funds.
Genesys' value-added, partnership approach to working with scientific founders provides both capital and expertise to create companies that compete on a global scale. This has anchored Genesys as a local trusted source of deal flow for global syndicate partners and a first point of contact for repeat entrepreneurs. The team at Genesys has mastered its strategy that takes advantage of the opportunity that the innovation in Canada provides.
Genesys has a distinguished history of delivering upper quartile returns across its previous funds and has stepped up into upper decile in its third fund. Notable recent exits include Inversago Pharma, which was acquired by Novo Nordisk for $1.4 billion, and Fusion Pharmaceuticals, which exited to AstraZeneca for $3.3 billion. These successes highlight Genesys' ability to generate fund level returns driven by local Canadian innovation.
With this fund, Genesys Capital will continue to set the standard for life sciences venture capital in Canada, with a commitment to building world-class companies and delivering exceptional returns for its investors.
Quotes
"EDC is proud to support Genesys Capital, an important funder of companies advancing life sciences in Canada. As healthcare continues its rapid global expansion, Canada stands out with its skilled talent base, early-stage research and development capacity, and strong presence in medtech and biotech. Genesys' approach of building anchor companies will foster enduring ecosystem clusters in Canada, help drive innovation and strengthen Canada's global competitiveness in this growing sector. We look forward to seeing the transformative impact of this fund."Guillermo Freire, Senior Vice-President, Mid-Market Group, EDC.
"The Fonds de solidarité FTQ's reinvestment in Genesys Capital demonstrates our confidence in a strategic player in life sciences venture capital. With its in-depth knowledge of the Quebec ecosystem and its ongoing support for emerging local companies in biotechnology, Genesys actively contributes to the sector's competitiveness and innovation."Maxime Pesant, Vice-President, Private Equity and Impact Investing – Life Sciences, at the Fonds de solidarité FTQ.
"Accessing Canadian life sciences investments through a long-term partner like Genesys supports innovation in the market. It is also a strategic move to diversify the Canadian economy and ensure global competitiveness in health and biotechnology, sectors that we believe have historically delivered competitive returns for our investors."Senia Rapisarda, Managing Director, HarbourVest Partners.
"It is a great time to be investing out of a new fund, and we are looking forward to continuing to create best in class biopharmaceutical and medical technology companies that leverage local innovations."Damian Lamb, Co-founder and Managing Director, Genesys Capital.
"We are pleased to recommit to the Genesys team and vision. Ontario is recognized as a leader in the life sciences sector and home to some of the sector's most innovative start-ups. The Genesys team, headquartered in Ontario, has a unique ability to identify high-potential companies and support them in becoming global leaders. We are excited about this continued partnership."Steve Romanyshyn, President and Chief Executive Officer at Venture Ontario.
"Congratulations to the Genesys team. The government's approach of co-investing alongside private VC funds through the Venture Capital Catalyst Initiative is helping boost investment in emerging sectors. Today's announcement shows that Canadian life sciences innovation is going strong and getting the support it needs to compete."The Honourable Mélanie Joly, Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions.
About Genesys
Genesys Capital is a Venture Capital Fund based in Toronto, investing in early-stage life sciences opportunities in areas of unmet medical need. With over 25 years of investment experience adhering to a consistent company creation investment strategy, Genesys has become the most successful life sciences venture firm in Canada.
Contact: Genesys Capital 123 Front Street West, Suite 1503, Toronto, ON M5J 2M2 info@genesyscapital.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20250611527967/en/
Contacts
Jennifer Williamsjen@genesyscapital.com (416) 598-4900 x221www.genesyscapital.com
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Hurdles, slumps and slowdowns: FP Video looks at the Canadian economy
This week FP Video takes a close look at the state of the economy, from interprovincial trade barriers, stagnant job growth with higher unemployment numbers among young Canadians, and how investors can brace for a likely unavoidable recession. Marc Lee, senior economist at Canadian Centre for Policy Alternatives, talks with Financial Post's Larysa Harapyn about how politicians have vastly overstated the problem of interprovincial trade barriers and explains what they should be focusing on. Brendon Bernard, senior economist at Indeed Canada, breaks down the May job numbers. Ed Devlin, founder and chief executive of Devlin Capital, talks about how slow economic growth has made Canadian bonds an attractive investment option. Unpacking the Bank of Canada's interest rate hold: FP video Should Canada Post stop delivering letters? FP Video looks at what's ahead for the postal service and economy
Yahoo
2 hours ago
- Yahoo
The week in stocks: Dollarama still cashing in and silver gets buffed up
Every weekend, the Financial Post breaks down the most interesting developments in this week's world of investing, from top performers to surprising analyst calls and stocks you should have on your radar. Here's this week's edition. Shares of Dollarama Inc. (DOL) have been unstoppable since the early days of the pandemic when inflation took off and price-shocked consumers turned to dollar stores for better prices on everyday household items. Since mid-March 2020, when COVID hit, the stock is up 438 per cent, including a 10 per cent leap on Wednesday when the discount retailer released earnings that beat analysts' estimates. The report showed that consumers have continued to flock to Dollarama stores despite inflation slowing. Earnings particulars included a 27 per cent increase in profit and an 8.2 per cent increase in sales in the first quarter. Still, the company's chief financial officer said the Canadian consumer appears 'fragile' and that could pose a challenge for the Montreal-based chain. The question now: Where does Dollarama go from here? 'We believe DOL (Dollarama) has a clear pathway to deliver value for shareholders in the short, medium and long term,' Irene Nattel, an analyst with RBC Dominion Securities, said in a note post-earnings. She cited tailwinds for the stock, including a target to increase the number of stores in Canada to 2,200 by 2034, 'long-term growth opportunity in Latin America' and an agreement to purchase Australia-based discount chain The Reject Shop. 'Guidance points to another solid year of performance tempered by caution around (the) evolution of consumer spending and probable weakening economic backdrop as tariffs take a toll on economic activity,' Nattel said. Analysts who follow the stock raised their price targets following the company's earnings release and Nattel has a target price of $207, up from $198 at the end of May, according to Bloomberg. Dollarama closed Friday at $193.74. Silver has caught the eye of analysts at National Bank of Canada. 'We have an optimistic outlook on the price of silver, which supports, but isn't the only reason, we are also optimistic about silver-focused companies,' analyst Alex Terentiew and associate Marc Ferrari said in a note. Silver hasn't posted the gains gold has since investors flocked to bullion to offset the potential inflationary effects of Donald Trump's trade war. Still, silver is up 12 per cent versus 24 per cent for gold since Trump's election win. National Bank's research team said it has expanded the number of 'silver focused' stocks it tracks, adding Coeur Mining Inc. (CDE) and Endeavour Silver Corp. (EDR) to their coverage, which also includes First Majestic Silver Corp. (AG), Hecla Mining Co. (HL) and Highlander Silver Corp. (HSLV). Terentiew and Ferrari see Endeavour 'as the most undervalued and highest growth silver producer in our coverage, although it's also the company with the most to prove as it ramps up production at its newest mine, Terronera (in Mexico), and also integrates the newly acquired Kolpa mine (in Peru) into its portfolio.' Their target price for Endeavour is $9. The stock closed Friday at $6.55. Several oil companies appear to have plans for share buybacks this year, according to RBC Capital Markets. Highlights from the RBC Global Power, Energy and Infrastructure Conference earlier this month pointed to share buybacks coming down the pipeline from a slew of major oilpatch companies. This includes Suncor Energy Inc. (SU), which is on tap to distribute nearly 100 per cent of its excess free funds flow (post dividends) to share repurchases,' Greg Pardy, head of global energy research at RBC Dominion Securities, said in a note following the conference. Other companies where buybacks or dividend increases are expected include Vermilion Energy Inc. (VET), Athabasca Oil Corp. (ATH) and Canadian Natural Resources Ltd. (CNQ). In CNRL's case, the company said it will direct 60 per cent of free cash flow (minus capital and dividends) to buybacks and 40 per cent to reduce net debt. All these stocks have an outperform rating from Pardy and crew. Here are their price targets: Suncor: $65. Suncor closed Friday at $55.67. Vermilion: $14. Vermilion closed Friday at $11.19. Athabasca: $6.50. Athbasca closed Friday at $6.08. CNRL: $64. CNRL closed Friday at $45.96. Donald Trump has been in the driver's seat as far as markets are concerned since his inauguration on Jan. 20. Some stocks, such as Elon Musk's Telsa Inc., have been on a roller-coaster the entire time, subject to the president's whims. With his term nearing the five-month mark, the Financial Post started to wonder which large Canadian companies have come out on top in the early stages of Trump's second stint in the Oval Office. We screened for publicly listed companies on the S&P/TSX Composite index with a market capitalization of at least $20 billion and here's what we got for the Top 20 based on price return from Jan. 20 to June 11. For reference, the S&P/TSX composite index has returned 5.3 per cent during the same period. Wheaton Precious Metals Corp. (WPM): 43.5% Kinross Gold Corp. (K): 34.4% Dollarama Inc. (DOL): 30.9% Agnico Eagle Mines Ltd. (AEM): 29.1% George Weston Ltd. (WN): 23.5% Loblaw Cos. Ltd. (L): 23.4% Franco-Nevada Corp. (FNV): 21.5% Intact Financial Corp. (IFC): 20.8 Brookfield Renewable Partners LP (BEP-U): 20.2% Power Corp. (POW): 18.9% Barrick Mining Corp. (ABX): 18.1% Cameco Corp. (CCO): 17.5% Toronto-Dominion Bank (TD): 17.5% Metro Inc. (MRU): 16.5% Fairfax Financial Holdings Ltd. (FFH): 16.4% Thomson Reuters Corp. (TRI): 13.7% GFL Environmental Inc. subordinate (GFL): 13.4% RB Global Inc. (RBA): 12.1% Constellation Software Inc. (CSU): 12.1% Hydro One Ltd. (H): 11.6% The week in stocks: Lululemon gets stretched and is Tesla a TACO trade candidate? Being an armchair hockey critic is like judging investment performance from the sidelines • Email: gmvsuhanic@ Are you an investor looking for stock ideas and market insight? Sign up for the weekly FP Investor Newsletter here to get the best of the Financial Post's investing news, analysis and expert commentary, straight to your inbox. Sign in to access your portfolio
Yahoo
2 hours ago
- Yahoo
3 Big Numbers: The many faces of c-store growth
This story was originally published on C-Store Dive. To receive daily news and insights, subscribe to our free daily C-Store Dive newsletter. 3 Big Numbers is a weekly column that looks at a few key details from around the c-store industry. Growth has been a hot topic for the convenience industry in 2025. From new stores and M&A to expanded technology and loyalty programs, c-store retailers are taking steps to expand their markets. Some companies are trying to make big moves — we're looking at you, Alimentation Couche-Tard — while others are moving more quietly and methodically. In this week's '3 Big Numbers,' we look at expansion plans from Casey's General Stores and Minuteman Food Mart as well as Sunoco's possible acquisition of Parkland Corp. The number of stores Casey's expects to add in fiscal 2026. As part of its fourth quarter and full year earnings announcement this week, Casey's disclosed that it had opened or acquired a record 270 stores in the past 12 months and expects to open about 80 during the upcoming fiscal year. After the massive acquisition of CEFCO Convenience Stores' 198 sites in fiscal 2025, it seems that Casey's is looking to scale back this year, with an emphasis on building its own stores. 'We can lean heavier on the organic side, because we have a pretty developed land bank that gives us that optionality either way,' Casey's President and CEO Darren Rebelez said during the earnings call. Sure, after 270 locations in one year, 80 might seem like small potatoes. But it's worth remembering that if those stores were their own banner instead of part of Casey's, they would be one of the 100 largest c-store chains in the U.S. The number of months between Sunoco's first bid and final deal for Parkland. While many eyes were on the will-they-won't-they saga between Couche-Tard and 7-Eleven's parent company, Seven & i, a different courtship was going on in the background. Sunoco, best known as a major fuel brand in the U.S., announced last month that it had reached a $9.1 billion deal to acquire Parkland Corp., including more than 640 retail sites. A final decision will come on June 24, when Parkland shareholders vote. It turns out Sunoco has been seeking this acquisition for quite a while, according to a recent timeline released by the two companies. Sunoco first made a $38.50 per share bid for the Canadian fuel and retail company in July 2023 — a bid that Parkland turned down for undervaluing its business. Sunoco tried again later that year with an enhanced bid, but that was also nixed. Now, nearly two years later, Sunoco may finally get what it wants. Then we'll just have to see if it sells the bulk of those c-stores, as it's done in the past. The max number of sites Minuteman Food Mart may introduce with its new branding in the coming year. While Casey's is aiming for 80 new stores and Sunoco may pick up over 600, not all growth that happens is at that scale. Minuteman plans to open between five and 10 new stores in the next year. Given that it currently operates 62 locations, 10 new sites would mean an increase of over 16%. That's nothing to sneeze at. Perhaps more interesting, the company is embracing a new logo at these sites. Minuteman was looking for a way to encapsulate what it stood for — something that could be iconically connected to the brand, the way the swoosh is for Nike or Buc-ee the Beaver is for Buc-ee's. Brand recognition for its new stopwatch-themed icon isn't on par with those iconic logos yet, but time will tell. Recommended Reading Casey's to debut 80 new stores during fiscal 2026 Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten