BDC Capital has committed an additional $3 million to the early stage venture capital fund managed by Mistral Venture Partners, bringing its total commitment to $6 million. The Business Development Bank of Canada subsidiary had made a first commitment of $3 million in June 2014. This increase will enable Mistral Venture Partners to augment follow-on investments in its best portfolio companies. Since its first closing in January 2013, the fund has made investments in 12 startups and may invest in as many as five more. Mistral’s investment focus is on smart enterprise companies (mobility, cloud and Internet of Things).
BDC Capital increases commitment to Mistral Venture Partners’ early-stage fund to $6M
About L-SPARK
L-SPARK is the destination for Canada’s startup and tech ecosystem to learn, share, plan, execute, measure, adjust, scale and succeed. L-SPARK startup and corporate acceleration programs give companies exclusive access to leading edge technology and help build the foundation and metrics to raise capital, grow revenues, and reach global markets and partners. To date, L-SPARK alumni network of 100+ startups has raised funding totaling over $150M.
More news for you
Stay in the know
Sign up for startup news and events. We believe in quality over quantity and promise to never overload your inbox.