Former AVAC chief Ross Bricker launches Optimum Technology Fund LP
Ross Bricker, former president and CEO of Canadian venture capital firm AVAC, has launched a new investment vehicle called the Optimum Technology Fund LP, peHUB Canada has learned. The Calgary-based Optimum Fund will focus on investing in technology companies in Canada and the U.S. Pacific Northwest with experienced managers, and that are on the cusp of introducing products or services that offer viable incremental improvements over existing solutions in a range of industries. The fund is targeted to raise $15 million in total, primarily from accredited retail investors. Partnering with Bricker in managing the fund is Neil Gledhil, an entrepreneur and investor of 30 years experience, and Patrick Barrington. Both Gledhil and Barrington are also based in Calgary.
