One of Canada's more prominent venture capital firms, Real Ventures, is expanding.
The VC firm is entering what it calls the third chapter of its life, with chapters evidently being defined by funds: Real Ventures is expanding with a third and larger fund "to take our model of pro entrepreneur investing and collaborative startup ecosystem building to more entrepreneurs and to other Canadian startup communities."
Real Ventures was started in 2007 by John Stokes, Daniel Drouet, JS Cournoyer, Alan MacIntosh and Austin Hill, who in 2008 launched a $5 million seed fund with the mission to partner with driven entrepreneurs seeking to build great technology companies in Montreal. The next fund, launched in 2010, was a whopping $50 million and the company changed its name from Montreal Start Up to Real Ventures.
Since then Real Ventures has been involved in major improvements to Montreal's startup scene, including the creation of FounderFuel, the city's biggest accelerator and one of the most well regarded in Canada, as well as Notman House, a nonprofit startup complex housing entrepreneurs and others.
Real Ventures says it's going to enter a hiring spree to support the growth that will result from its new fund.
"We are now looking for remarkable people who share similar values and objectives, to join our team. In the next three months, we hope to attract more Partners, both junior and senior, a CFO, a community manager and a senior analyst," the company says.