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Toronto’s Kensington Capital acquires defence-focused venture capital firm ONE9

Summary by The Globe & Mail
Acquisition helps Kensington tap into a suddenly hot sector as governments around the world reassess their defence needs and security alliances

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Toronto’s Kensington Capital acquires defence-focused venture capital firm ONE9

Acquisition helps Kensington tap into a suddenly hot sector as governments around the world reassess their defence needs and security alliances

·Canada
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Ottawa-based defence VC fund ONE9 acquired by Kensington Capital Partners

Kensington has purchased ONE9’s investment team led by founder and managing partner Glenn Cowan, the companies announced Wednesday. Already an Insider? Log in Get Instant Access to This Article Become an Ottawa Business Journal Insider and get immediate access to all of our Insider-only content and much more. Learn More and Become an Insider Critical Ottawa business news and analysis updated daily. Immed…

·Ottawa, Canada
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Kensington acquires One9 to establish a defence tech VC platform

Toronto asset manager Kensington Capital Partners has acquired the venture capital (VC) business of Ottawa-based One9 to establish its own defence technology VC platform. As part of this deal, Kensington has acquired the One9 team minus general partner (GP) Daniel Weinand, the One9 brand, and all future One9 investment activities (including new funds and direct investments). Kensington has also acquired a minority stake in One9 Capability Labs w…

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The Globe & Mail broke the news in Canada on Wednesday, April 2, 2025.
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