Toronto-based Golden Ventures has successfully raised about $139 million for its fifth venture capital fund, dedicated to seed-stage technology startups across North America. The firm plans to make 30 core investments in startups in Canada and the U.S., focusing on initial funding rounds.
Founder and managing partner Matt Golden attributes the fund’s success to the firm’s consistent track record over 13 years, even amidst challenging fundraising environments. Investors include prominent limited partners like BDC Capital, ECMC Group, and the University of Chicago.
Since its inception in 2011, Golden Ventures has backed over 100 startups, including high-profile companies like ApplyBoard and Faire. With the launch of Fund V, Golden Ventures solidifies its commitment to the startup ecosystem, emphasizing support for founders and investor returns.
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