Golden Ventures, a Canadian-based venture capital firm, has closed over its fifth fund of more than $100 million.
The mentioned fund is targeted at high-potential, seed-stage founders working with various technologies, including artificial intelligence, blockchain, quantum technology, and climate solutions.
Matt Golden founded the venture capital firm in 2011 in Toronto. He said the $100 million-plus fund is an extension of the firm’s core thesis and is designed to target super founders.
Golden Ventures is currently focused on the Canadian technology ecosystem. According to Matt Golden, the mentioned direction is a great trajectory. The majority of the company’s investments have been in the Canadian technology ecosystem.
Golden Ventures makes both core investments and those that are more oriented toward the business angels side. In previous funds, the company invested in 25 core deals. With the fifth fund, the firm plans to make more than 30 core deals.
For 13 years, Golden Ventures has backed more than 100 early-stage companies. The firm also invested in talent, mentorship, and building relationships with later-stage funds to enable portfolio brands to access downstream funding.
Some of Golden Ventures’s portfolio exits include storytelling platform Wattpad, which was acquired by Naver, and SkipTheDishes, an online ordering platform acquired by Just Eat.
The company is also an investor in Brightwheel, a SaaS tool for daycares, Float, a spend automation company, and Xanadu, a brand producing a universal quantum processor.
As we have reported earlier, AI Chip Startup Rebellions Secures $124 Million.
Serhii Mikhailov
Serhii’s track record of study and work spans six years at the Faculty of Philology and eight years in the media, during which he has developed a deep understanding of various aspects of the industry and honed his writing skills; his areas of expertise include fintech, payments, cryptocurrency, and financial services, and he is constantly keeping a close eye on the latest developments and innovations in these fields, as he believes that they will have a significant impact on the future direction of the economy as a whole.
