This approach has led Brightspark to become one of the most active VCs in Canada.Ī cross between angel investment and venture capital, Anges Quebec identifies, finances and coaches innovative companies with high growth potential across the province. 2017) raised $6 million to build a corporate finance platform for quick onboarding and efficiently raising money from investors. With dual offices in Montreal and Toronto, the firm recently (Nov. The firm actively raises money from accredited investors and, in fact, has set an objective to get 10,000 Canadians investing in Brightspark deals – three times the number of active angel investors in Canada. What is most notable about Brightspark is their long presence in the industry, having been founded in 1999. The size of the fund and the impressive list of people leading the charge allow iNovia the have a strong presence not only across Canada but globally as well.īrightspark Ventures focuses on early-stage innovative technology companies. The company has several funds whose specialty lies in being the leader for large Series A, B, and C rounds. INovia Capital invests in startups at all stages and features big name managing partners such as former Google CFO Patrick Pichette and former Blackberry CFO Dennis Kavelman. It is difficult to discuss the nature of Venture Capital in Montreal without mentioning Real Ventures. The company created the FounderFuel accelerator program and co-created the OSMO Foundation, a hub for early-stage tech firms in Montreal. Having established themselves in the city over 10 years ago, Real Ventures has played a significant role in paving not just the VC landscape, but also the startup landscape in the city. Real Ventures is not only Montreal’s largest VC fund, but they are Canada’s largest fund as well. While these financing dollars come from both inside and outside the country, there are several firms leading the charge when it comes to funding startups in the city of Montreal.Įstablished in 2007, the firm spans five funds that have invested in over 200 companies and have over $330 million combined under management. In 2017, Montreal based companies raised $800 million in venture capital dollars, the largest for any Canadian city according to PwC Canada and CB Insights. ![]() Certain cities have developed into startup hubs due to the ever-growing combination of investor financing and new startups entering the region. Alternatively, as more startups establish themselves in a city, more VC firms decide to set up shop. The more readily available startup capital is, the more new ideas can get off the ground and the faster they can grow. 5 Biggest Montreal AI Startups - March 27, 2019Īccess to Venture Capital (VC) is an important element in allowing startups to thrive in any city.4 Virtual Montreal Startup Communities to Join Now - May 29, 2020.Top 5 Montreal Startup Accelerators - June 17, 2020.
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