Focused on deep tech, including AI, IoT and
sustainability the fund garners strong
support from Canadian and international investors
MONTREAL, July 11,
2024 /PRNewswire/ - TandemLaunch, a leading
Canadian venture creation studio and seed fund specializing in
university technology transfers, proudly announces the first close
of TandemLaunch Ventures Fund IV, ("TLVIV") for initial proceeds of
over $27M CAD. With a robust focus on
deep tech and sustainability, TLVIV represents a significant
milestone in TandemLaunch's commitment to fostering innovation and
supporting entrepreneurs. The fund garnered support from lead
investors BDC Capital and Fonds de solidarité FTQ, and over 30
family offices and angel investors domestically and
internationally, many of whom have been long term investors.
Led by Helge Seetzen and Émilie Boutros and managed by a
multidisciplinary and diverse team, TandemLaunch has a
distinguished track record of identifying and nurturing disruptive
technologies, originally developed in university laboratories from
all over the world, to prepare them for exponential growth. TLVIV
will continue the mission of driving transformative change by
providing capital and strategic guidance to companies in
cutting-edge fields.
"One of the greatest challenges of a technology business is to
remain at the forefront of innovation. I'm extremely proud of our
ability to identify and nurture technologies from around the globe
and turn them into thriving leading edge businesses. With TLVIV, we
are now putting even more emphasis on new emerging sectors such as
sustainability and climate tech. This provides us with the
opportunity to further our vision of partnering with exceptional
founders to create companies that are reshaping industries and
pushing the boundaries of technological progress," said Helge
Seetzen, CEO and Managing Partner.
"We are pleased to once again support TandemLaunch's unique
value creation model in Canada.
Since its inception, TandemLaunch has been a champion in promoting
diversity within its organization, as well as within the highly
technical companies it creates, and has made a long-lasting
positive impact on the start-up ecosystem. A renewed commitment to
Tandemlaunch aligns perfectly with our mission to support the
country's most innovative firms right from their earliest stages
and help them build sustainable fund franchises," said Kristina
D'Amico, Director, Fund Investments, BDC Capital.
"When we saw TandemLaunch, we quickly realized its potential.
Their support enables many technology-based startups to pursue
their goals and take on new challenges. We are proud to be a part
of TandemLaunch and to be able to make a biggest impact in this
ecosystem through this fund", explained Philippe P. Huneault, Vice President, Private
Equity and Impact Investing Technology, Fund Management and Chief
International Business Development at the Fonds de solidarité
FTQ.
"We are grateful for the trust and support of our investors and
partners, who have been instrumental in the success of TLVI to
III," added Émilie Boutros, Managing Partner. "Their unwavering
support will allow us to foster the creation of more innovative
Canadian companies backed by diverse entrepreneurs. Over the years,
we have demonstrated that sustaining a more inclusive and
multicultural ecosystem of talented entrepreneurs and technologists
is not only rewarding, but a key success factor. At the personal
level, it's particularly gratifying to know that this is going to
be part of our legacy and signature as an organization."
The TandemLaunch model is unique in Canada. It is based on its ability to identify
disruptive technologies that have significant international
commercial potential. By bringing together the best talent and the
necessary seed capital, TandemLaunch facilitates a swifter startup
journey while mitigating the risks inherent in bringing new,
innovative technologies to market.
As TandemLaunch embarks on this exciting new chapter with TLVIV,
the firm looks forward to forging new partnerships and creating
lasting value for its investors and the broader entrepreneurial and
academic community.
About TandemLaunch
TandemLaunch is a unique start-up foundry and seed fund focused
on creating early-stage technology ventures in the fields of AI,
Computer Vision, IoT and Advanced Sensors with a deepening
commitment to sustainability and Advanced Materials. TandemLaunch
works closely with cutting-edge research from the world's best
universities and with driven entrepreneurs to launch exceptional
technology companies with a sizeable market opportunity. Since its
foundation in 2010, TandemLaunch created over 30 successful
ventures valued at over $700 million
who employ over 800 high-tech workers in the province of
Quebec. Notable portfolio
companies include SPORTLOGiQ, WRNCH, Soundskrit, Mirametrix and
HaiLa.
For more visit www.tandemlaunch.com
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SOURCE TandemLaunch