Toronto’s Staircase Ventures has raised $32 million toward its second fund, with a target of $40 million, two years after closing its $34-million debut. RBC and Northleaf Capital Partners returned as anchor investors, joined by PointClickCare co-founder Mike Wessinger, former Shopify product chief Craig Miller, and former McKinsey retail leader Tim McGuire.
Founder Janet Bannister differentiates the firm by giving portfolio founders a share of the fund’s profits plus access to health coaching, financial advice, and family-support stipends. According to The Globe and Mail, Staircase’s first fund ranks in the top 10 percent of 2023 North American funds.
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