TandemLaunch Announces Final Closing of Venture II Fund at $15 Million
(firmenpresse) - MONTREAL, QUEBEC -- (Marketwired) -- 11/15/16 -- TandemLaunch, a company creator and seed fund focused on creating, incubating and accelerating early-stage technology start-ups, today announced the final closing of TandemLaunch Ventures II reaching its maximum capitalization of CAD $15 million.
This final closing includes an additional investment from BDC Capital, which increases their participation to $4.9 million, and contributions from new international investors from China, the Republic of Singapore, the United Kingdom and United States. Following a first closing in May 2016, the fund is now supported by an exceptional group of 44 renowned private investors such as Lune Rouge Innovation, founded by Guy Laliberte, and Speed of Trust Ventures and other successful entrepreneurs and angel investors such as members of YUL Ventures, Nathalie Marcoux and Jean-Francois Grenon.
"We are very pleased by the ongoing support of BDC Capital and are excited to welcome a growing number of investors from Canada and abroad," said Helge Seetzen, General Partner of TandemLaunch. "Our unique model allows us to bring our investor''s capital, network and depth of experience to entrepreneurs and technologists early in the start-up process. With their contribution and support, TandemLaunch Ventures Fund II is well positioned to nurture a whole new crop of innovative Canadian start-ups."
The new capital will allow TandemLaunch to initiate at least another dozen new ventures by identifying technologies from global universities with promising market opportunities, bringing talent from around the world, and contributing seed capital. Portfolio companies are also provided access to TandemLaunch''s in-house staff, facilities, mentors and industry partners. The objective of the fund is to create companies that develop strong intellectual property with the potential for global commercialization.
About TandemLaunch
TandemLaunch is a seed investor and incubator focused on creating early-stage technology start-ups. TandemLaunch works closely with consumer electronic companies and universities to identify disruptive technologies with a sizeable market opportunity. This unique demand-driven approach reduces market risk early in the start-up process. Since its foundation in 2010, TandemLaunch created 13 ventures valued at over $100 million and employing over 250 high tech workers in the Montreal area. Notable portfolio companies include LandR, SPORTLOGiQ and wrnch.
Contacts:
Investors Relations:
Emilie Boutros, Partner & CFO at TandemLaunch
Office: (514) 484-9604
Cell: (514) 570-9596
Media Contact:
Danielle Ste-Marie
STE-MARIE Strategy & Communications Inc.
Cell: (514) 465-6701
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 15.11.2016 - 09:00 Uhr
Sprache: Deutsch
News-ID 1470150
Anzahl Zeichen: 3170
contact information:
Contact person:
Town:
MONTREAL, QUEBEC
Phone:
Kategorie:
Online Training
Typ of Press Release:
type of sending:
Date of sending:
Anmerkungen:
Diese Pressemitteilung wurde bisher 353 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"TandemLaunch Announces Final Closing of Venture II Fund at $15 Million
"
steht unter der journalistisch-redaktionellen Verantwortung von
TandemLaunch Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
