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Celtic House Venture Partners Closes $105 Million Fund

canada venture capitalIf the first long weekend of the year wasn’t enough, there was even more good news for startup entrepreneurs as Celtic House Venture Partners unveiled the close of a $105-million fund backed by Ontario Venture Capital Fund, Teralys Capital, Export Development Canada and BDC Venture Capital.

The fund will focus on early?stage investment opportunities in media communications technology, and focus on teams that have track records of innovation and entrepreneurial success. The investment approach is based on the idea the “existing Internet infrastructure is being taxed by the consumer?facing and mobility services that are changing the nature of social interaction and media consumption today”.

The emergence of new, large funds (at least by Canadian standards) is an encouraging sign the domestic venture capital ecosystem is becoming healthier. OMERS kicked things off last year with the launch of $180-million fund, while iNovia announced a $110-million fund last December. There are also several new funds on the horizon.

Celtic House’s current portfolio includes Vixs, Overlay.tv, Peraso, Movidisu and Redmere. Its exits include DNA13, Sandvine, eBillMe and Icera.

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  • http://techno-modern.blogspot.com/ Modern Technology

    This certainly will good impact for economic development