Montreal's Tandem Expansion announced today the initial closing for $300 Million of its first fund: Tandem Expansion Fund I, L.P. Tandem Expansion is a private investment firm focused on growth capital for high-potential Canadian technology companies.
The Fund received investments from a number of leading public, private and institutional investors, including $80 Million from the Business Development Bank of Canada (BDC), and $75 Million each from Export Development Canada (EDC) and Teralys Capital, a private technology-focused fund of funds.
The Fund's general partner, Tandem Expansion, was co-founded by two of Canada's most experienced venture capital/private equity investors, Charles Sirois and Brent Belzberg. Tandem's managing partners - David Bookbinder, Andre Gauthier, Christopher Legg and Alex Moorhead - who will run the day to day operations of the Fund all have significant investment and entrepreneurial experience domestically and internationally.
The principals of Tandem Expansion have also made a significant investment alongside the Caisse de dépôt et placement du Québec and the B.C. Renaissance Capital Fund.
BDC is Canada's business development bank. From 94 branches across the country, BDC promotes entrepreneurship by providing highly tailored... [more]
Export Development Canada (EDC) is Canada’s export credit agency, offering innovative financing, insurance and risk management solutions to help... [more]
The B.C. Renaissance Capital Fund Ltd. is a Crown corporation that is administered by the provincial Investment Capital Branch. The Renaissance... [more]
Tandem Expansion is a private growth capital fund seeking to invest in small and mid-sized Canadian companies in a variety of technology-based... [more]
At Teralys Capital, along with our partner funds and strategic alliances, we create value and help outstanding technology entrepreneurs innovate,... [more]
Rob Lewis
Rob is the President of Techvibes Media Inc. 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 blogging on...[more]
