Sandpiper Closes First Round Of VC Fundraising
The fund’s initial investors include more than 30 women, a Canadian national bank, as well as the Government of Nova Scotia, which ponied up $5-million earlier this year.
The fund’s initial investors include more than 30 women, a Canadian national bank, as well as the Government of Nova Scotia, which ponied up $5-million earlier this year.
Canada51’s goal is to increase the participation of women as investors and company founders nationwide.
NBIF announced Thursday that it’s committed $500,000 to Concrete Ventures, a venture capital firm that focuses on pre-seed investments in promising startups in Atlantic Canada.
Rob Barbara, a general partner with Halifax-based venture capital firm Build Ventures, has been selected for Class 24 of the Kauffman Fellows, a two-year program that brings together the most innovative minds in venture capital.
The big reason for last year’s boom in New Brunswick funding was the three big deals that accounted for about four-fifths of the total funding.
One of Canada’s top venture capital firms will have a stronger presence in Atlantic Canada now that the former Radian6 CEO is a Venture Partner.
There have been no big investments announced over the summer so there would have to be some big deals in the next four months. Having spoken to a few founders recently, Peter Moreira says it’s not out of the question.
The agency released the numbers in its annual accountability report, which outlines its finances and investments in the 12 months that ended March 31.
Government funding for East Coast startups is part of the solution. But it’s also part of the problem.
When you’re starting a new business venture, you may need some venture capital.