Build Closes Fund II, Backs Gemba

Build Ventures, the Atlantic Canadian seed-stage venture capital firm, has announced the initial close of its second fund at $50.5 million and has invested in a $2.9 million round by Saint John-based Gemba Software Solutions.
Led by partners Rob Barbara and Patrick Keefe, Halifax-based Build launched its first fund in 2013, announcing a first close of $48.5 million but ending up with a fund of