Relay Ventures closes third fund at $150 million, targets early-stage startups across North America

Relay Ventures has closed its third fund at $150 million (CAD$220 million), as the Canada-based venture capital (VC) firm looks to target early-stage investments across the U.S. and Canada.
The new fund comes a little more than four years after its previous $150 million pot, which was launched alongside a rebrand from ATP Capital.
Founded in 2008 by Kevin Talbot and John Albright, Relay Ventures almost exclusively targets mobile-focused startups and has so far invested $265 million (CAD$355 mill