Canadian venture capital firm, VenGrowth says it has invested more than $40 million over the past quarter in Ottawa/Kanata-based high-tech companies. The $40 million brings VenGrowth’s investment in the Ottawa region to close to $200 million over the past four years, says the company.

In addition, in November 2001, VenGrowth opened an office in the Ottawa/Kanata region under the leadership of two new general partners, Patrick DiPietro and Mark Janoska, both veterans of the Ottawa high-tech industry, to provide greater assistance and value-added services to the growing list of local investees, while focusing on seeking out new opportunities.

“Our new office in the Ottawa/Kanata region has provided us with even better access to stellar investment opportunities in this area,” says David Ferguson, VenGrowth managing general partner. “There are an abundance of high-quality opportunities at very attractive valuations, and we expect that this will pay off for our shareholders as the IPO and acquisition markets pick up over the next 12 to 24 months.”