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Golden Ventures , a Canada - based venture capital letter firm , close on over $ 100 million in majuscule loyalty for its fifth investment company direct high - potential , seed - stage founders working across technology , including AI , climate , blockchain and quantum .
Matt Golden , father and managing partner , initiate the Toronto - based firm in 2011 and compile a team , include Ameet Shah , general partner , and new head Nick Chen .
“ This is a continuation of our effect dissertation and create to be super founder - aligned , ” Golden order TechCrunch . “ Ameet and I are both ex-husband - father . Our first fund was more mobile - focused , which was more a part of our domain expertise in 2011 . ”
Since then , the firm dislodge to being sphere agnostical and later more focussed on the Canadian technical school ecosystem , which Golden described as let “ great flight . ” A bulk of Golden Ventures ’ investments have been in this ecosystem with the remain in other areas .
The firm make both core investments and those that lean more on the angel side . In previous monetary resource , the firm invest in 25 core deal and Golden expects to make more like 30 marrow deals with the 5th fund .
Golden Ventures nurture $ 100 M 4th monetary fund and $ 20 M opportunities stock
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Over 13 years , Golden Ventures has back over 100 companies at the germ stage . The firm has also exercise to invest in natural endowment , mentorship and building relationships with later - microscope stage funds so that portfolio party can have access to downstream funding .
Some of its portfolio way out let in storytelling platformWattpad , which was acquired by Naver , and SkipTheDishes , an online ordering platform acquired by Just Eat . It is also an investor in Brightwheel , a SaaS tool for daycares ; Float , a spend mechanization companionship ; and Xanadu , a company develop a universal quantum mainframe ; andHorizon , which provide a scalable Ethereum computer architecture for the development of decentralized games .
“ We used to say we invest in everything from temporary tattoos to photonic - based quantum computing chips , ” Shah told TechCrunch . “ Everything that we built is to center on what value can we deliver to founders at the seed level , and what value can be return to founders that are building outside of the ‘ valley . ’ They have nuanced needs in the vale . For example , there ’s tons of gift , and if you ’re look at ramp up and scaling , you have to be more deliberate about your gift strategy . ”
Golden Ventures has not made any investments yet out of the fifth fund , as it is still investing from itsfourth stock of $ 100 millionraised in 2021 .
Golden Ventures V is backed by a group of survive institutional limited pardner , including BDC Capital , ECMC Group , Foundry , HarbourVest Partners , Kensington Capital Partners , Northleaf Capital Partners , RBC , Teralys Capital , University of Chicago and Vintage Investment Partners , and new institutional partner Deloitte Ventures .
There are a fate of reasons to be excited about Canada ’s venture grocery store
