Panache Ventures, the Montreal venture capital fund that describes itself as Canada’s largest in pre-seed and business seed, has launched its second fund, in the amount of $100 million.
Posted at 11:00 a.m.
Panache Ventures notably recruited Investissement Québec, BMO Financial Group, Telus Venture Capital, the Ontario Growth Finance Corporation (SOFC) and Albert Enterprise Corporation for this “Fund II”, set up four years after the first fund of 58 million in 2018.
Since its founding, Panache Ventures has invested between $250,000 and $1 million in dozens of start-ups for their first rounds of financing. Flinks and Lane, in particular, were part of his stable. Its portfolio now includes 116 companies active in sectors such as enterprise software, artificial intelligence, fintechdigital health and clean technologies.
Fund II already has 12 investments, Panache Ventures said in a statement.