Venture Newfoundland and Labrador Limited Partnership (Venture NL), a private venture capital fund created by Pelorus Venture Capital, the Province of Newfoundland and Labrador, BDC Capital Inc. and angel investors, has secured additional commitment in the amount of $[mepr-active rule=”374″ ifallowed=”hide”]##Subscribers, please login to read details. Not yet a subscriber? Subscribe today to see our research on this and all other subscriber ONLY items##[/mepr-active][mepr-active rule=”374″]1,670,500 from BDC Capital ($1.6M) and one individual limited partner ($70,500)[/mepr-active].
The new close brings the fund size just shy of $[mepr-active rule=”374″ ifallowed=”hide”]##Subscribers, please login to read details. Not yet a subscriber? Subscribe today to see our research on this and all other subscriber ONLY items##[/mepr-active][mepr-active rule=”374″]14 (13.91)[/mepr-active] million.
Managed by Pelorus Venture Capital, an affiliate of GrowthWorks Capital, Venture Newfoundland and Labrador invests in seed stage companies.
Venture NL’s portfolio companies include Sequence Bio, Sentinel Alert, Hey Orca, and Clockwork Fox Studios. Co-investors include BDC Capital, Killick Capital, and Klister Credit Corp.
photo credit: Pelorus Venture Capital