McRock’s newest partner brings sharp thinking and a love for solving hard problems.

Udit Bhatnagar promoted to Partner at McRock Capital.

What do blank canvases, broken machinery and chaotic moments have in common?

Most people view them with trepidation.

Udit Bhatnagar meets them with anticipation.

McRock’s newest partner (congrats, Udit!) is a man on a mission. He’s drawn to problems – messy, complex, high-stakes ones – and the creative work of making sense of them.

He was raised at the intersection of science and creativity. His father, a respected engineer in plastics and manufacturing. His mother, an artist at heart.

“She gave me permission to start with a blank canvas and believe it could become something meaningful,” he says.

And, blank canvas after metaphorical blank canvas…it did.

Udit studied industrial engineering at university, then moved into tech – working across India, Spain and Japan over a seven-year span. That chapter, he shares, was defined by a restless drive to solve. Every time he cracked a problem, he was already reaching for the next.

But when the time came to specialize, as one often does in tech, Udit pushed back. Instead of narrowing in, he zoomed out. He enrolled in an MBA with the intention of going into consulting, chasing problems across industries instead of inside one. It was during this time he discovered the world of venture capital.

“I knew it was my path. It checked all my boxes – it was intellectually fulfilling, I was problem-solving with founders and investors, and I was chasing the white space – those bold, new ideas that live where no one else is looking yet.”

That pursuit of white space led Udit into VC right after completing his MBA. He spent a year and a half immersed in the world of startups and investing.

It also led him and his wife to make one of the biggest decisions of their lives: to leave behind a strong family network and stable jobs in India, and move to Toronto with their 6-month-old son. Did we mention it was in the dead of winter, and they had no network or job offers?

“It didn’t feel like a blank canvas…if I’m honest, it felt like a snowstorm,” says Udit. “We had conviction. But that doesn’t mean it was easy.”

Another blank canvas. Another opportunity to build something meaningful.

“I met Ha first,” Udit recalls. “We were both immigrants, both working in VC, and she was thriving at a firm that valued her voice and perspective. When I met Scott and Whitney, it just reaffirmed that McRock was where I wanted to be.”

It wasn’t just the people. It was the philosophy.

“There’s a subtle grit to McRock – a fine balance between staying humble and feeling driven to compete and win. You don’t let success go to your head…or failure.”

That mindset resonated deeply. It’s now part of the foundation Udit stands on – and the one he helps uphold.

“Udit brings a rare combination of precision, presence and the ability to play all the bases,” says Whitney, Co-Founder and Managing Partner. “He can break down complexity in a boardroom and bring calm to chaos, and he does it all with quiet, intellectual conviction. Adding Udit to the partnership not only recognizes his strengths, it rounds out and elevates the team in a way that makes us stronger together.”

Udit brings more than venture capital expertise to the table. He speaks the language of engineers and technologists because he’s been one. He understands the realities of scaling and building in industrial settings. And he brings sharp judgment, calm under pressure, and a deep respect for the founder’s journey.

He’s not just operating in the overlap…he is the overlap.

This Girl is on Fire

Ha’s Journey in VC: From Breaking Barriers to Shaping the Future

The McRock women are making history. When the Canadian Venture Capital & Private Equity Association (CVCA) launched its Women in Private Capital Awards in 2023, Whitney Rockley took home the first-ever Woman of Achievement award. Fast forward to 2025, and we’re celebrating another major milestone – Ha Nguyen has been named a VC Rising Woman Star.

That’s two major CVCA wins for the women of McRock in just a few years. With both female partners now recognized, Scott might be wondering when it’s his turn. But today is all about Ha – another big win for a powerhouse investor.

Ha’s journey to this moment is anything but ordinary. She landed in Canada with big ambitions, navigated challenges, and carved her own path in a male-dominated industry. Now, as a McRock Partner, she’s doing what she does best – investing in game-changing companies and proving that VC isn’t just about capital; it’s about people.

With this recognition, Ha’s influence in VC is undeniable. We sat down with her to explore what this award means, the key moments that shaped her path, and what’s ahead.

McRock: “VC Rising Woman Star” – congrats! What does this award mean to you, and what were the game-changing moments that got you here?

Ha: It has a very ‘Outstanding New Artist’ Grammy feel to it, doesn’t it? But much like those winners, I’ve been working at this for a while.

I see this award as another sign from the universe that I’m in the right place. I kind of fell into VC, and when I stepped away briefly, I felt drawn back. VC has its chaos – unpredictable, dramatic, but that’s what makes it exciting. Every time the rollercoaster slowed, I got another sign to stay on the ride – meeting Whitney & Scott in 2017, making partner in 2022, and being named Alberta Ecosystem MVP last year.

I still remember when Whitney called to offer me the job. The second we hung up, I couldn’t stop jumping up and down. The feeling was like a rush of soothing water spreading through me, expanding until it filled every part of me, warming me from head to toe. My first Canadian winter couldn’t compete. This award reaffirms that I’m exactly where I’m meant to be – not just in the right career, but with the right team.

McRock: Good point. Maybe ‘trailblazer’ is a better term than ‘rising star’?

Ha: I like that. Trailblazers create paths others can use – and the more people build on those paths, the more accessible they become. I’d like to think I helped create that path for others.

There are many talented people out there with backgrounds similar to mine. The fact that I made it means others can too. As more people like me enter VC, it will become the norm, not the exception.

McRock: The VC world talks a lot about gender diversity. What’s something you wish it would actually do?

Ha: I think our industry has started to evolve, but I’d love to see more intentional changes in how we network. Not everyone can stay out late, drink, or play golf. While networking can be enjoyable (sometimes), the setting plays a huge role in making it meaningful. We need new ways to connect – ones that foster deeper conversations and let people share their stories in the most authentic and impactful way.

McRock: If you could give one unfiltered, no-BS piece of advice to women looking to break into VC, what would it be?

Ha: If someone doesn’t like you for who you are, don’t waste energy trying to win their approval. Don’t internalize it. Instead, seek out people who align with your vision and genuinely value you. And trust me, you will find those people.

McRock: If you had to put money on one major shift in VC over the next five years, what’s your bet?

Ha: The future belongs to specialist VCs. In an increasingly competitive market, differentiation is key. Companies need investors who bring more than capital – real expertise, strategic insight, and the ability to create value beyond the dollars. This is also why a diverse range of investor backgrounds is more critical than ever.

McRock isn’t just diverse – it’s built that way. Whitney and Scott founded McRock at a time when most VC came from old money. As entrepreneurs themselves, they’ve built a firm on integrity and doing things the right way, even when it’s hard. That gives us a deep sense of empathy and respect for the founders we work with.

The CVCA could have picked anyone – but they chose Ha Nguyen. And they got it right.

At McRock, we’ve always believed that venture capital is about vision, resilience, and leadership, and Ha embodies all three. The CVCA wins for McRock women at the Women in Private Capital Awards highlight something rare in our industry – McRock is one of the few investment firms where female investment decision-makers outnumber their male counterparts. It’s proof that talent wins deals, and great leadership shapes industries.

Congrats, Ha. This is just the beginning.

 

On Love, LOIs, and Finding a Home at McRock

Fasih’s journey to McRock: A story of bold moves, big decisions, and building a future with heart.

For me, it all started in 8th grade with numbers. I wasn’t just solving equations; I was unraveling patterns and cracking codes. Numbers didn’t just make sense – they lit me up. While most parents in my region dreamed of their kids becoming engineers, I was the odd one out. By the time I graduated 10th standard, my dad was still nudging me to “keep my options open,” but I was calm, clear, and laser-focused on where I was heading.

At the time, I didn’t fully grasp just how massive the world of finance was – accounting, auditing, taxation, treasury, corporate finance. I didn’t know which lane was mine, but I knew I loved numbers and problem-solving. It was enough for me.

Finding My Path

During my studies, corporate finance caught my eye, and there was no turning back. It wasn’t just interesting – it felt like home. But breaking into the field where I lived was no walk in the park. M&A opportunities were rare, and internships even scarcer.

So, I started where I could: auditing and accounting. It wasn’t my dream gig, but I rolled up my sleeves and got to work. Eventually, I decided to bet on myself and try my luck in the Middle East. At first, I landed another accounting role – not exactly what I’d envisioned. But after two years of persistence, I finally got my break. I dove headfirst into corporate finance, tackling LOIs, due diligence, and M&A activities. For the first time, I felt like I was exactly where I was meant to be.

Love Changes Everything

Just as my career was hitting its stride, life threw me a plot twist. I got married, and my wife wasn’t too keen on settling in the Middle East. That meant packing up, moving back to my home country, and walking away from the role I’d worked so hard to get.

It could’ve been a setback, but it wasn’t. Armed with experience, a little savings, and my wife’s unwavering support, I landed a corporate finance M&A role with a North American company back home. This wasn’t just a job – it was a game-changer, the boost I needed to leap into the next chapter.

Stepping into Venture Capital

Venture capital was always a curiosity for me. I knew the headlines – Amazon, Uber, Airbnb – but the inner workings of VC? That was a mystery. Then, a Southeast Asian firm handed me the opportunity to step into the ecosystem, and I was hooked. Finally, I could see how the gears turned, and I couldn’t get enough.

Finding My Place in Canada

Eventually, my wife and I decided to make one last big move – this time to Canada. The VC ecosystem in Canada might be smaller, but I knew it was where I’d find the most happiness in my work.

Eight months after arriving, I joined McRock Capital. Now, I get to spend every day doing what I love – helping founders turn their dreams into reality. The journey has been full of twists and turns, but every step has led me here. And I can’t wait to see what comes next.

Ha Nguyen: Alberta’s 2024 Ecosystem MVP

Not all heroes wear capes—some super-charge ecosystems.

That’s exactly what Ha Nguyen has been doing as a Partner at McRock Capital, Advisory Board Member of Migr8, and now, the 2024 Ecosystem Supporter of the Year by Start Alberta. It’s the Oscars of Alberta tech (minus the red carpet, plus innovation).

And no one deserves it more. Ha isn’t just part of Alberta’s tech scene—she’s a driving force behind its success. Since moving to Alberta seven years ago, she’s been helping startups, scale-ups, and immigrant entrepreneurs thrive. As she puts it, “I wanted to create a system to welcome brilliant entrepreneurs from all over the world, making them feel valued and supported, just as I have felt since coming here.”

That vision became Migr8, a powerhouse initiative with two sides: Migr8 Capital, a venture fund, and Migr8+, a nonprofit supporting immigrant entrepreneurs with resources and community. Think of it as a launchpad for innovators—because sometimes grit needs a little lift.

Ha’s impact doesn’t stop there. She’s a bridge-builder, connecting newcomers to Alberta’s dynamic tech network, from Evolve Lab to Edmonton Unlimited. The result? A stronger, more diverse innovation community where collaboration drives resilience.

Ha’s story mirrors Alberta’s spirit: bold, collaborative, and relentlessly forward-thinking. Her work is proof that diversity fuels innovation and inclusion strengthens everyone.

What’s next for Ha? Probably more groundbreaking initiatives and another well-deserved accolade. In the meantime, check out this video to see why Ha’s influence is extraordinary: Watch Here.

Here’s to Ha—breaking barriers, raising the bar, and making Alberta’s tech community stronger every day.

Ready to Rock: McRock Fund III Launches Industrial Software Fund with Strong First Close

Our latest Fund secures top tier institutional investors to focus on the growth of the Industrial Software sector

We’ve been diving deep into the world of Digital Industrial since McRock first opened its doors more than a decade ago. And guess what? Our expertise is paying off, and wow, does it ever feel good!

At the 11th annual McRock Digital Industrial Symposium today, our co-founders Whitney Rockley and Scott MacDonald announced the first closing of McRock Fund III with US $81 million in commitments. Fund III will focus on industrial software.

McRock Fund III investors include longtime partners Export Development Canada, BDC Capital, Alberta Enterprise Corporation, Fonds de solidarité FTQ and Aspen Technology, Inc., plus newcomers Venture Ontario, Bell Ventures and CIBC Innovation Banking.

We’re far from done

Digital Industrial technologies help operations run better, faster, cheaper, safer and greener. Add AI into the mix, and the Digital Industrial Revolution is picking up speed so fast it can feel like we’re going to run out of runway!

We’ve been paying attention to industrial software for quite a while, and that part of our portfolio has already been rocking and rolling. From former portfolio companies mnubo (acquired by AspenTech in 2019), Decisive Farming (Telus, 2019), ThoughtTrace (Thomson Reuters, 2022) and Poka (IFS, 2023) to active companies like Landing AI, Samdesk and our newest investment, Prevu3D.

“The next frontier in software is industrial,” notes Whitney. “The sector, supercharged by rapid AI advancements, is a highly promising area of growth. AI-enabled software’s ability to boost productivity and efficiency in industrial and smart city applications is seriously exciting.”

“We’ve always been clear that digital industrial solutions play an essential role in a sustainable future,” says Scott. “Our investors clearly agree, and we appreciate their confidence at this pivotal moment for McRock Capital and the incredible entrepreneurs we back.”

Now…let’s get McRock’n!