BCF Ventures, one of Canada’s very first super angel funds investing in pre-seed and seed stage startups, is proud to announce that it has increased its potential fund size from $5M to $12M in just six months following its inception and has invested in six innovative companies now part of its portfolio.
Led by award-winning techpreneur Sergio A. Escobar, a renowned business mentor in the international startup scene, BCF Ventures has already participated in investment rounds totalling over $7.8M, investing in multiple opportunistic sectors across Canada and the United States with its wide network of international co-investors extending from Silicon Valley, New York and the Midwest to Israel and Asia. The fund was initially capitalized with a $5M investment over a ten-year period from the partners at BCF Business Law, acting as Limited Partner in BCF Ventures1. With the addition of family offices and wealthy accredited investors as LP’s and by doing so, more than doubling its initial fund size, BCF Ventures is now considered a full-fledged venture capital fund2.
As a core investment thesis, the fund believes in the future of Cloud & Software-as-a-Service companies leveraging the power of Artificial Intelligence (AI), Big Data, Analytics and Security. The economic impact of its portfolio companies across industries is impressive as they have a total user outreach of over 200 companies, including Fortune 500 corporations, and over 200,000 suppliers.
Here are the six BCF Ventures portfolio companies:
“The enthusiasm and the need for funding at the pre-seed and seed stage are huge in the US/Canada and BCF Ventures’ unique model has filled that gap, allowing us to quickly develop promising partnerships with major international co-investors. We are committed to helping our portfolio companies grow their corporate expansion and leverage the remarkable capabilities of Montreal as a global hub in artificial intelligence, said Sergio A. Escobar, CEO & Partner at BCF Ventures. On top of that, our partnership with BCF Business Law firm gave us the expertise to develop a strong due diligence process through its certified scientific IP and patent experts. To obtain valuable intellectual property rights for our entrepreneurs and to protect their core proprietary technologies are key components to BCF Ventures’ distinctive approach. Ultimately, we want our founders to become world leaders.”
About BCF Ventures
BCF Ventures is a pioneer in the Canadian investment scene by being one of the first Super Angel Funds, now converted to a full-fledged venture capital fund. Based in Montreal, BCF Ventures invests at the pre-seed and seed stage of technology-based startups, mostly in North America and opportunistically in Europe/Israel. The fund leverages its extensive network of international co-investors in order to multiply the fundraising capacity of the companies that are selected. As part of the team, Mr. George Korkejian is now Investment Counsel at BCF Ventures overseeing the analysis of investment opportunities. BCF Ventures’ advisory committee is composed of Mike Cegelski, Managing Partner of Panache Ventures, Anne-Marie Boucher, tax lawyer and businesswoman, Jocelyn Auger, IP lawyer, Nicolas Bélanger, head of W Investments and Louis Carbonneau, founder and CEO of Tangible IP and Venture Partner at Cycle Capital Management. The Chairperson of Invest in Canada, Mitch Garber, also acts as a special advisor on a volunteer basis.
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