OMERS, BMO top up District Ventures' inaugural fund to $70 mln
District Ventures Capital, a Canadian consumer-goods venture capital firm founded by Dragon’s Den star and entrepreneur Arlene Dickinson, has raised additional capital. Ontario Municipal Employees Retirement System (OMERS) and Bank of Montreal (BMO) provided the commitments, increasing District's debut fund to $70 million. OMERS committed $33 million. Calgary-based District invests in early-stage consumer-goods companies, including innovative brands in Canada’s food, beverage and health sectors. The firm also sponsors an accelerator. Fund I was initially capitalized in 2017 by George Weston Ltd, the Saputo family, ATB Financial, Canada Goose CEO Dani Reiss, Retail Ready Foods and other limited partners.
10 July 2019•3 mins read
