According to a blog post, Golden Venture Partners has successfully closed its second fund valued at $40 million. Golden Venture Partners II was led by Northleaf Venture Catalyst Fund, along with participation from BDC Capital and other “terrific investors.”
The company noted that this time around they are “Bigger and Stronger” and plans to expand its team and will continue to focus on mobile. GVP stated that the $40 million will allow them to do the following:
· Lead or participate in initial seed investments of $250,000-$750,000
· Better reserve for our existing investments
· Diversify by investing in approximately 25 companies
· Invest in companies at the seed + stage who have achieved signs of product-market fit or impressive early traction, with investments of up to $1M
Matt Golden noted on Medium that “we will make exceptions and foray outside of mobile for amazing founding teams who are truly disruptive, with a special focus on those who are based in the super exciting Toronto/Waterloo technology ecosystem.”
GVP I raised $17 and saw investments into Wattpad, OMSignal, YesWare, Top Hat, Apptentive, Navdy and Snowball.
