Voyager Capital sets sights on Western Canada following $130 million CAD fund close

Oct 09 10:10 2019 Print This Article

Voyager Capital​, a Seattle-based venture capital firm focused on early-stage tech investments, has closed $130 million CAD of its fifth venture fund, announcing a new investment focus on Western Canada.

“Cascadia is exploding with growth but underserved by venture capital.”– Bill McAleer

 

The fund will focus on B2B startups across cloud infrastructure, ​SaaS, and other verticals, and has already closed five new investments, including a BC-based SaaS company. Voyager has shed its investment thesis of focusing on California and is now directing investments toward the Pacific Northwest (or Cascadia) region, which encompasses much of Washington, Oregon, BC, and Alberta.

Fund 5 is aimed to make at least three or four large investments in BC and Alberta startups, and its close comes ten months after Voyager Capital tapped Meredith Powell as it’s first dedicated Canadian venture partner.

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