Panache Ventures Investment Fund 2018 holds third close

Panache Ventures Investment Fund 2018 has held the third close predominately from private investors.

Not accounting commitments to a parallel fund, Panache Ventures Investment Fund 2018 has raised $#Premium Subscribers ONLY Content – research and intelligence – know others don’t, be informed.# million from major institutional limited partner investors, Fonds de Solidarité FTQ, Investissement Québec, Alberta Enterprise Corporation, and TELUS Corporation (TSX: T; NYSE: TU) which have committed $#Premium Subscribers ONLY Content – research and intelligence – know others don’t, be informed.# million respectively.

Panache Ventures plans to raise up to $50 million for its first fund.

Borden Ladner Gervais LLP acts as legal counsel to Panache Ventures.

Led by General Partners, Mike Cegelski and Patrick Lor (Managing Partners), David Dufresne (Partner), Nicolas Jacques-Bouchard (Principal), Panache Ventures has made investments in 31 startup companies and plans to invest in more than 100 start-ups over its investment period.

photo credit: Panache Ventures