Ottawa's Mistral Venture Partners Raises Initial C$10M

Mistral Venture Partners, an Ottawa-based venture capital firm established in 2012, has closed the first phase of its fund-raising activity. Mistral's debut partnership raised C$10 million of its targeted C$35 million, the proceeds of which will go primarily toward investments in innovative startups and other companies located in eastern Canada. Mistral’s team includes general partners who have invested in more than 50 companies and deployed in excess of C$250 million across multiple venture capital funds.

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