Yaletown Venture Partners has taken an undisclosed equity stake in Constructive, a Vancouver, B.C.-based company that is building an online social networking platform for businesses called Partnerpedia.
Yaletown's Steven Hnatiuk said the deal marks the fourth new investment for the Vancouver, B.C.-based firm since it closed its second fund late last year.
“We’re seeing the powerful effects of consumer social networking migrate into the B2B space,” said Hnatiuk in a statement, “However, there are few viable solutions out there that are designed to address the unique requirements of businesses."
Another player targeting that space is Seattle's Conenza, which is led by former VC Tony Audino. SelectMinds, Jive Software and -- to some extent -- Ning also are playing in this arena.
Yaletown's four investments include two IT deals in B.C. and two clean tech deals in Washington state.
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