Mavrix Fund Management Inc. announced Thursday the closing of a second round of financing with the Venturelink Financial Services Innovation Funds for $1 million.
The proceeds will be used to finance the substantial growth in mutual fund sales at Mavrix, as well as general corporate purposes.
Mavrix Fund Management Inc. is one of Canada’s fastest growing fund companies. Assets under administration, which are approaching $200 million, have grown nearly 90% year to date.
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