Conexus unveils $30 mln VC fund for Saskatchewan startups
Conexus Credit Union has launched a $30 million venture capital fund intended to invest in Saskatchewan's startup ecosystem. Conexus Venture Capital Fund has so far raised $22.5 million, of which $15 million came from Conexus, a Regina-based credit union, and $7.5 million from external investors. Managed by Conexus, the fund will invest in Saskatchewan-based companies in partnership with other venture capital firms and investors. Opportunities will be sourced in part through Cultivator, a Conexus-sponsored incubator located in Regina. The fund is led by Conexus Venture Capital Fund Manager Sean O’Connor. It has already finalized two deals and is expected to execute on others in the months ahead.
25 July 2019•4 mins read
