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 connections in, these fields. We believe our experience and relationships can add significant value to any business operating in these areas.
We are looking for very early stage concepts and ideas. The ideal scenario would be one in which a small team, which includes at least one developer, is looking for financial and strategic input to help flesh out an idea. We’d like to think that this could be done in two to four months with between $25K and $50K. This small amount of cash, combined with a lot of time and support to help refine the idea and position the business for growth – make up what we like to call FounderFuel.
The goal of the FounderFuel investment program is to help passionate entrepreneurs rapidly turn an idea into a beta service that might then become the basis for a successful business. Once the beta launches, we would look to invest additional capital as the team continues development, gains users and prepares for a larger capital raise. We think that $200K to $500K would be the right investment amount at that stage.
Although we prefer to be involved with companies from the get go, we are nevertheless interested in companies that might have gained their FounderFuel elsewhere and would like our help in turning their beta products into businesses.
While the amounts above may seem small, they can go a long way in software-based businesses. Experience has also shown us that smaller amounts of capital can force entrepreneurs to be more creative and efficient; this usually results in a clearer strategy and tighter execution.
We see our role as getting the company and its management to a point where they are delivering on their plan, have achieved important milestones and are well positioned to raise the larger amount of capital that might be needed to achieve their vision.
- Venture Capital
News on Montreal Start Up
Last week the West Coast got a new startup accelerator with the launch of GrowLab in Vancouver and today it's Montreal's turn. Montreal Start Up and Real Ventures announced today that they have... more
Montréal Startup is a $5-million seed fund founded by John Stokes, Daniel Drouet, Alan MacIntosh, Austin Hill, and JS Cournoyer. It's a great thing for the... more
The GROW 2010 technology conference took place last week at the Vancouver Convention Center, and Techvibes was on location with an on-site studio conducting video interviews with a... more
The Montréal-based open source microblogging service, StatusNet, has reeled in $2.3 million worth of investment, led by FirstMark Capital, which is based out of U.S. financial hub New York... more
This week the Montreal Gazette named 24 Quebecers we love and Montreal Start Up's John Stokes made the cut. John Stokes is an angel investor who came to Montreal from Asia and in 2007 cofounded... more
The first ever TechCrunch Disrupt conference gets underway today and Editor Michael Arrington has announced the 20 startups that were chosen out of hundreds to present their applications over the... more
The sixth iteration of Startup Camp Montreal took place on May 6th at Societe des arts technologiques and Kristina Tomaz-Young of VCTV - Venture Cap TV captured the highlights. Part one... more
Montreal-based social recuiting site Standout Jobs has been acquired according to blog post written by co-founder Ben Yoskovitz: Around 3 years ago I started Standout Jobs with two great guys... more
Montreal-based Beyond the Rack announced today that it has reached the 1 Million member mark after only one year in operation. In their press release today they also stated that their extraordinary... more
On the March 22nd the McGill Entrepreneurs’ Society is hosting the Perfect Pitch from 5:00pm - 6:30pm. The informal event will welcome an entrepreneur and a Venture Capitalist to guide... more
Montreal's Akoha unveiled a new iPhone App and site that promises to “add a little awesome to your life”. The new Akoha is built on the basic premise that special little moments make... more
Last week was a pretty phenomenal one for Venture Capital and the Canadian tech startup community. To start, on March 2nd Toronto's Mantella Venture Partners launched a $20 Million early stage... more
TechCrunch reported this morning that private sample sale site Beyond the Rack has raised $2 Million in funding from Oleg Tscheltzoff and Oliver Jung, and Montreal Start Up. This brings the... more
Montreal-based open source communtiy forum Vanilla Forums announced today that they have raised a $500K Series A round led by Montreal Startup, with participation by eonBusiness, Norseman Capital... more
The Canadian government has established many programs to help high-tech entrepreneurs. These programs, while useful in providing information and support to some entrepreneurs, they are still... more
TechCrunch reported this morning that Montreal-based StatusNet is closing an $875K seed round today with Montreal Startup, iNovia Capital, and Fotolia co-founder Oleg Tscheltzoff. StatusNet... more
GigaOM`s Alistair Croll is reporting that Montreal’s Identi.ca’s has received an investment from the VCs at Montreal Start Up and plans to continue building their open-source... more