Industry Newsventure capitalenterprise aiearly stagequebec
Amiral Ventures Raises $40M CAD Fund
7.0
Montréal’s Amiral Ventures held a first close of C$40 million on Monday toward a targeted C$75 million fund, anchored by Investissement Québec and Desjardins Capital with nearly 50 LPs. The first-time manager plans to lead 15 seed-to-Series A deals, focusing on enterprise AI, robotics, supply-chain and manufacturing. The fund must invest 75% of its first close in Québec, supporting local startups.
Key Points
- 1Closed first C$40M fund close, targeting C$75M, anchored by Investissement Québec and Desjardins Capital
- 2Aims to lead seed-to-Series A rounds to address perceived lack of Canadian VC leadership
- 3Targets 15 startups in enterprise AI, robotics, supply-chain; mandates 75% of first close invested in Québec
Scoring Rationale
Significant fundraise anchored by government increases local early-stage leadership; limited scope mainly affects Québec VC ecosystem.
Sources
Public references used for this report.
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