TandemLaunch raises initial $23 mln for BDC-anchored Fund III
TandemLaunch has raised $23 million in the first close of its third company creation and seed-stage fund. TandemLaunch Ventures III, expected to wrap up by the summer of 2019, secured a lead commitment of $5 million from BDC Capital. Other limited partners included Venture Capital Catalyst Initiative (VCCI), Harbor Street Ventures and more than 30 entrepreneurs and angel investors. Montréal-based TandemLaunch, founded in 2010 by General Partner and CEO Helge Seetzen, partners with global post-secondary institutions to launch synthetic startups in the consumer-electronics space. Fund III will support the creation of 20 new Canadian technology companies.
15 April 2019•3 mins read
