CVCA international events resulting in tangible results for participating VC funds
A few weeks ago the CVCA, with significant support from the Canadian Consulate in Boston, organized a breakfast briefing and networking event for CVCA member venture capital (VC) funds to meet with US based Limited Partners (LPs).
The briefing took place at the Canadian Consulate General in Boston on the margins of the Opal Financial Group Endowment and Foundation Forum, which attracted more than 300 endowment, foundation and family office participants to Boston. From the pool of Opal conference attendees, the Canadian Consulate in Boston and the CVCA arranged for ten LP investors to attend the breakfast briefing.
There is an increasing appetite from US institutional funds to invest capital into Canadian VC, with several recent Canadian funds closing with US LP investors.
During the event, Mike Woollatt, CEO, CVCA presented an overview on the Canadian VC market, while participating VC funds including InvestEco, GreenSoil Investments, Lumira Capital and the MaRS Centre for Impact Investing provided short pitches to the LPs in attendance.
The briefing at the Canadian Consulate General in Boston came at an opportune time. A number of participants questioned Mike Woollatt about our new federal government and potential policy directions going forward with respect to venture capital including the labour-sponsored tax credit, and the potential for a renewed Venture Capital Action Plan.
The CVCA is planning many more events, and we encourage you to contact Andrew Keenan for more information.