Toronto, ON-based GreenSky Capital launched a new Canadian early-stage venture fund.
The GreenSky Accelerator Fund I, LP, will invest in early-stage Canadian technologies, with a focus on CleanTech and IT opportunities.
The firm has completed the first close of CAD$3.25m from a network of private Canadian and U.S. investors, and will leave the fund open for further participation (an additional CAD$750k, up to a maximum of CAD$4m) from its investor network and members of the GreenSky President’s Club, an affiliated group of active high net-worth angel investors that have previously participated in GreenSky Capital deals.
The fund’s first investment is Cyclica, which has developed a data interaction platform that simulates the interaction of pharmaceuticals with the body’s proteins far more accurately than previous in silico (computer-based) technologies.
Early-stage Canadian CleanTech and IT companies interested in working with the GreenSky Accelerator Fund can apply to at: [email protected] or at http://www.greenskycapital.com/greensky-accelerator-fund/apply-to-the-fund/.