Alberta Enterprise Corporation (AEC) has launched a fourth early-stage angel co-investment fund, Accelerate Fund IV, with a $15 million anchor investment.Building on the success of the Accelerate Fund program started in 2012, Accelerate Fund IV will reportedly provide Alberta technology entrepreneurs focused on digital transformation, artificial intelligence, life sciences and other emerging opportunities with a continued source of startup capital.“As an anchor investor in the Accelerate Fund since 2012, AEC has supported investment in 46 Alberta-based technology companies, helping those teams to grow their business from the pre-seed or seed stage to the next critical milestone or stage of investment,” said Kristina Williams, CEO of AEC. “The Accelerate Fund has been fundamentally important to the Alberta tech ecosystem, increasing the odds of startup success, fostering job creation and helping to mature the venture capital landscape in our province.”Speaking about the Fund IV launch, Minister of Technology and Innovation, Nate Glubish added, “We are making Alberta a top destination for technology investment and talent. Many of North America’s leading venture capital funds now have representatives in Alberta, and we’re welcoming record numbers of founders, software engineers, and other talent from across Canada and internationally to build technology businesses here. With this latest deployment of capital, we invite early-stage tech companies to stay and grow here, and to expand Alberta’s technology jobs and innovation.”For startups to access Accelerate Fund investment, private angel investors need to be willing to invest equal or greater amounts into the investment round. This co-investment approach has had a significant impact. For every dollar invested by Accelerate Fund, 10 times that amount has been invested by angels, family offices and institutional investors. That cumulative investment into Alberta technology startups, at an early and critical stage of their growth, helps companies to expand their revenues and expand their teams beyond having a product in the market and some early customers.Accelerate Fund investments are reportedly helping Alberta tech companies to scale and graduate to the next rounds of funding. (ICE TORONTO)

Fonte notizia: https://www.canadianmanufacturing.com/