Panache Ventures wraps up sophomore early-stage fund at C$100m

• To date, Panache Ventures Fund II has completed 12 investments
• Fund II will double down on Canadian pre-seed and seed technology ventures by leading more deals and investing more capital
• The fund will also see the launch of Panache Academy, which will provide founder education and support exclusively to the Panache investor and founder community

Panache Ventures, a Canadian pre-seed and seed investor, has closed it second fund, raising C$100 million. The investors include Alberta Enterprise Corp, Ontario Capital Growth Corp, Investissement Québec, BMO Financial Group and TELUS Ventures.

Other investors include top entrepreneurs, executives, and family offices, with expertise and networks that extend across a wide variety of industries.

To date, Panache Ventures Fund II has completed 12 investments.

“Alberta Enterprise is very pleased to be an ongoing major investor in Panache Ventures,” said Kristina Williams, CEO of Alberta Enterprise Corporation, in a statement. “Our mandate is to create access to venture capital for Alberta technology companies. Panache has proven that they are committed to Alberta’s fast-growing ecosystem. We recommitted to Fund II because of the strong level of startup activity and demand for capital in Alberta at the seed stages in the sectors that Panache Ventures supports.”

Panache has co-invested with top venture capital firms including Tribe Capital, Insight Partners, CRV, Accel, Uncork, Solana, Bessemer Venture Partners, Inovia Capital, Garage Capital, Version One Ventures, Golden Ventures, Softbank, Tiger Global, Boldstart Ventures, and Addition Capital, Round13 Capital and OMERS Ventures.

Fund II will double down on Canadian pre-seed and seed technology ventures by leading more deals and investing more capital. Fund II will also see the launch of Panache Academy, which will provide founder education and support exclusively to the Panache investor and founder community.