Synergis Capital completes debut digital economy fund

Canadian venture capital firm Synergis Capital has closed its inaugural digital economy fund at $50 million.

Canadian venture capital firm Synergis Capital has closed its inaugural digital economy fund at $50 million. The fund will invest directly in companies and indirectly in early-stage funds in biotechnology, consumer, crypto-blockchain and software-as-a-service sectors. Synergis is set to launch Shanghai-based Synergis LaunchPad to assist portfolio companies and funds expand in Asia.

PRESS RELEASE

TORONTO, June 08, 2021 (GLOBE NEWSWIRE) — Synergis, a globally focused technology venture capital firm, whose existing investments include SMIC, WuXi AppTec, eSign, and etc., launched its flagship Venture Fund I earlier this year. In addition to sectors such as SaaS, Biotech, and Consumer, the fund also has a dedicated Crypto/Blockchain strategy that has already allocated to six seed-stage funds and made one direct investment. Synergis is set to launch Shanghai-based “Synergis LaunchPad” to assist portfolio GPs and companies in expanding founder-sourcing and community-building capabilities throughout Asia.

Synergis was founded in 2018 by Jerry Shi. Shi was previously an investment banker at Guotai Junan Securities, one of China’s largest securities firms, and with his family office has been a successful venture investor for over a decade. Synergis employs an investment thesis focusing on early stage fund and mid-stage direct investments with attractive risk-adjusted return profiles. To date, Synergis has invested in more than fifteen venture funds and made twenty-five direct investments across early to growth stage in the North American and Chinese venture ecosystems.