Celtic House Venture Partners has reached a first close of Celtic House Venture Partners Fund IV LP at $105 million.
Investors in the fund include Ontario Venture Capital Fund, Teralys Capital, Export Development Canada and BDC Venture Capital.
Fund IV will focus on early‐stage investment opportunities in Media Communications Technology (MCT), partnering with teams that have outstanding records of innovation and entrepreneurial success.
“Celtic House is excited to have the OVCF onboard as lead investor and recognizes the crucial role they played in the successful first close of Fund IV,” said David Adderley, Partner at Celtic House. “Through multiple cycles of the financial markets, Celtic House has consistently generated superior financial returns for its investors. OVCF’s support, along with that of Teralys, EDC and BDC, ensures that Celtic House will continue to be one of Canada’s most active investors in private technology companies.”
With Celtic House’s long history and emphasis on media infrastructure investing, Fund IV is expected to capture the best teams and ideas in Canada. Entrepreneurs backed by the new fund will have access to an existing cluster of MCT‐focused portfolio companies and a global business relationship network built by the Celtic House team over the past decade.
Synergy among the Celtic House portfolio companies has proven to reduce market resistance and accelerate time‐to‐revenue, dramatically improving the conditions for success of a new startup.