White Star Capital, a transatlantic venture capital firm with offices in London, New York and Montreal, closed its first institutional fund with $70m in Limited Partner commitments.
The fund is primarily backed by sovereign and institutional funds supported by entrepreneurs and family offices from over 18 markets.
Co-founded by experienced technology M&A banker Eric Martineau-Fortin, and former Facebook executive Christian Hernandez Gallardo, and also led by new partner Jean-François Marcoux, who co-founded gaming company Ludia, White Star Capital will deploy between $500k and $5m in initial investments into companies with global ambitions in North America and Western Europe.
The fund has already deployed $25m into companies such as robotic locksmith KeyMe in New York, IoT predictive analytics firm mnubo in Montreal and financial exchange Cryex in Stockholm.
FinSMEs
13/11/2015