Triax Growth invests $40 million in 16 high-tech companies

(August 14 – 14:20 ET) – Triax Growth Fund says it has invested $40.7 million in 16 companies during the first six months of the its fiscal year. Following this latest round of financings, about 65% of the portfolio of the labour sponsored venture capital fund is invested in emerging Canadian companies operating in the high-tech arena.

“The latest round of Triax Growth Fund’s investments represent an excellent cross-section of companies well-positioned for success in the highest growth segments of the tech sector,” said Alex Sasso vice president of equities at Altamira Management and one of the fund’s co-managers, “which include wireless telecommunications infrastructure, internet applications and services, B2B e-Commerce, fibre optics and biotech research and development.”