Montreal Start Up ups the ante

Posted by Rob Lewis

Montreal-only venture investor Montreal Start Up announced today the closing of a $2 Million investment in its venture capital fund by the Solidarity Fund QFL, bringing to $5M the amount of assets under management. The Solidarity Fund QFL joins Investissement Québec, la Conférence Régional des Élus and twenty of Montreal entrepreneurs and investors who have partnered with Montreal Start Up to address the need for more early stage capital and mentoring in the technology sector.

"We have met with hundreds of entrepreneurs since our launch and the quality and creativity of the ideas we are seeing is constantly improving." commented John Stokes, Managing Partner, Montreal Start Up. " We were having to turn down good deals because of the limited amounts of capital available to us. The support of Solidarity Fund QFL will allow us to support more of Montreal’s best startup companies".

Montreal Start Up launched its investment fund in March of 2008 with the intent of filling the seed stage funding gap and plans to announce additional investment partners in the future.

In addition, Montreal Start Up announced today new investments in four Montréal based companies, Mobilize Central, KeenKong (no website), The Book Oven and Oneeko; these investments are in addition to it’s previously announced investments in Standout Jobs and Akoha.

Company:
Montreal Start Up
Website:
http://www.montrealstartup.com
Location:
Montréal, Québec, Canada

We invest in entrepreneurial teams with big visions and global aspirations looking to establish companies in Montreal. We provide seed level financing, as well as strategic and operational input, in order to help them turn their ideas into successful companies. We are looking to invest in software-based businesses in the Internet, wireless and media spaces. Our team has a deep understanding of, and extensive... more


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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more



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