Gibraltar & Company, a Toronto-based technology investment management firm, today announced the launch and first close of Gibraltar Ventures Fund One Limited Partnership.
Investment in this strategic founders’ round will capitalize the fund and strengthen Gibraltar’s relationships with partners, including BDC Capital.
“Gibraltar’s investment model and, in particular its focus on revenue acceleration of tech entrepreneurs, is both unique and very promising in terms of its potential to deliver strong returns," says Michael Mahon, Director of Venture Capital, Strategic Investments and Partnerships at BDC Capital.
"The fund is backed by a solid and committed team of investment professionals and key advisors with exceptionally deep domain expertise," he added.
According to Mahon, the consumer and small business market being targeted by Gibraltar "is ripe for disruption."
"We are convinced that they have what it takes to grow a number of successful Canadian technology companies in the coming years," he said.