Island Capital Partners launched to invest in PEI startups: report
Island Capital Partners, an early-stage venture capital fund, has been launched to invest in entrepreneurs and startups in Prince Edward Island, according to a report by Entrevestor. The fund has been capitalized with $4 million, half of which was committed by the provincial government and roughly the same amount by about 20 locally-based angel investors. Island Capital has already closed its debut deal, Entrevestor said. It invested in Forestry.io, a website content manager that raised $754,000 in seed funding in April. Based in Charlottetown, Island Capital is led by a team of four investment managers: Alex MacBeath, Ron Keefe, Paul Lypaczewski and Steve Nicolle.
15 August 2017•1 min read
