Date closed: 3/6/2018
Value: C$25 million
On March 6, 2018, Panache Ventures Investment Fund, 2018 L.P., led by entrepreneurs Mike Cegelski, Patrick Lor, David Dufresne and Nicolas Jacques-Bouchard, announced the closing of its first $25-million of the targeted $40-million in investor commitments. The commitments were made by three institutional investors (Investissement Québec, Alberta Enterprise Corporation and the Fonds de solidarité FTQ) and 30-plus angel investors. Panache will be looking to invest in a broad range of tech companies at the seed and pre-seed financing stages.