Extreme Venture Partners Bowing Out of the Fund Business?

Posted by Techvibes NewsDesk

According to Techvibes' Joey Czikk in an article special to the Financial Post, Toronto's Extreme Venture Partners (EVP) will not be raising a new fund.

Founded in 2009, EVP focuses on providing early stage venture capital and management expertise to startup businesses to help propel them into the big leagues.  EVP co-invested $7 million into Extreme Startups in 2012, a fund dedicated to high-risk, high-reward Internet startup investments.

Czikk speculates that the decision to close EVP stems from personnel changes.

Sources in the industry would not speculate about the reasons behind the apparent turn of events. If the money was on the table it’s strange that the venture capital firm couldn’t raise a new fund. One anonymous Canadian angel investor said the decision revolved around “personnel change.” Extreme Venture Partners could not be reached for comment.

Read the complete article here.

Company:
Extreme Venture Partners
Website:
http://www.extremevp.com
Location:
Toronto, Ontario, Canada

Extreme Venture Partners is focused on providing early stage venture capital. We recognize that sometimes all that is needed to propel a good idea into greatness is a small amount of funding and support from a seasoned team of technology and business alumnus. We bring together the agility and eagerness of an angel investor with the structure and support of venture capitalists. more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property. Originally founded in 2002, Techvibes is dedicated to covering social, mobile, and startup news that impacts Canadians. Our editors and nationwide network of reporters combine breaking hyperlocal news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and... more



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