In The News

Mantella Venture Partners, a new Canadian venture capital firm, plans to invest C$20 million in over a dozen Toronto technology companies. According to the Wall Street Journal, the company (a partnership  between real-estate firm Mantella Corp and two Toronto early-stage investors) is an important step in a country where "the venture investing scene…has been fairly bleak in recent years".

"While limited partners have increasingly moved their investments away from private equity and into other asset classes, the tide could be beginning to shift in Canada, as other players move into areas being left behind by traditional LPs. Canadian real-estate firm Mantella Corp., for example, has tapped two Toronto early-stage investors to spread a new, C$20 million ($19.3 million) venture fund to more than a dozen fledgling technology companies."

"Mantella Venture Partners is aiming to back between 10 and 15 early-stage companies in Toronto, where the two are based, which would enable them to work closely with the companies the fund supports, the investors said. The fund will provide initial rounds of between C$100,000 and C$500,000, reserving some dry powder for follow-on rounds and syndicate investing with other firms."

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original source Wall Street Journal