District Ventures Capital has quietly launched its sophomore CPG fund.
District Ventures Capital has yet to announce the upcoming fund. Export Development Canada (EDC) disclosed a commitment of $5-15 million to the fund.
District Ventures CGP-1, a 2016-vintage fund, final closed at $100 million in September 2019 with commitments from Ontario Municipal Employees Retirement System (OMERS) (committed $33 million), Bank of Montreal, Farm Credit Canada (FCC), BDC Capital Inc., and others.
Led by General Partner, Arlene Dickinson, District Ventures Capital is a venture capital fund investing in innovative companies in the food & beverage and health & wellness sectors.