TELUS Corporation (TSX: T; NYSE: TU) has committed undisclosed amount to Panache Ventures Investment Fund. With the closing of TELUS commitment, Panache Ventures looks to close its first fund at $50 million, up from the previous target of $40 million.
TELUS joins Fonds de Solidarité FTQ, Investissement Québec, Alberta Eneterprise Corporation as major institutional limited partner investors.
Led by Mike Cegelski and Patrick Lor (Managing Partners) and David Dufresne (Partner), Panache Ventures has closed 28 investments so far in 2018, with the goal to invest in more than 100 start-ups over its investment period.
photo credit: Panache Ventures
Ted Liu
Ted Liu, M.Sc. (Mining), MBA (Finance), is the Editor of Private Capital Journal and CanadaMetals.ca, and former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA). Ted was the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, the most sophisticated and advanced all private capital and public market financing database.
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