Mistral Venture Partners II raises most of $35 mln target, invests in Blue J Legal

The early months of 2017 have been eventful for Mistral Venture Partners. The seed investor held a first close for Fund II, made the fund’s debut investment, realized its first portfolio exit, and opened an office in Toronto. In January, Mistral wrapped up initial fundraising for Mistral Venture Partners II, earmarked for financing early-stage information-technology companies. The close accounted for $26 million of a $35 million target, Managing Director Code Cubitt told PE Hub Canada. He expects the fund to reach its goal later this year. Some 60 limited partners signed on to the initial close, most of them returning investors.

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