Brightspark holds initial close for Canadian Opportunities Fund II

Ted Liu

Brightspark Ventures has held an initial close for its second Canadian opportunities fund, Brightspark Canadian Opportunities Fund II. The closing was commitments from accredited investors and no information is available on institutional closing, if any.

Launched in 2019, Brightspark Canadian Opportunities Fund I final closed in October 2022 with institutional commitments from BDC Capital, Investissement Qu├ębec, Royal Bank of Canada, Fondaction, BMO Capital Partners, Teralys Capital.

Launched in December 2022, Opportunities Fund II has a fundraising target of CDN $120 million and is open to institutions, accredited investors, and international investors.

Fund II will invest early-stage technology companies primarily in pre-Series A stages.

Fund II is led by General Partners, Mark Skapinker and Sophie Forest.

photo credit: Brightspark