TandemLaunch Announces Final Close at $37M of Ventures IV Fund
- Editor
- Feb 27
- 1 min read
Whats Happening:
TandemLaunch, a Canadian venture creation studio and seed fund, has closed its TandemLaunch Ventures Fund IV (TLVIV) at over $37M CAD. The Venture Capital Catalyst Initiative (VCCI) has committed $6.5M to support the creation of deep tech startups, including those focused on AI, IoT, and sustainability solutions. The fund aims to invest in 15 startups, transforming university-born technologies into high-growth ventures.
Key Moves:
TandemLaunch closes TLVIV at over $37M CAD
VCCI commits $6.5M to support deep tech startups
Fund targets 15 startups in AI, IoT, and sustainability
By The Numbers:
TandemLaunch manages over $90 million in assets
Created over 30 ventures valued at over $700 million
Portfolio companies employ close to 700 high-tech workers in Quebec
Key Quotes:
"We see a bright future ahead for next generation AI solutions, such as Recho.ai, to boost real-time speed, security and energy efficiency on edge devices," - Helge Seetzen, CEO and Managing Partner
"With TLVIV, we are eager to further our mission of driving transformative change in cutting-edge fields," - Émilie Boutros, Managing Partner
"Our government is committed to expanding access to venture capital for Canada's most innovative firms while fostering opportunities for under-represented entrepreneurs," - Honourable Rechie Valdez, Minister of Small Business
Bottom Line:
TandemLaunch's successful closing of TLVIV at $37M demonstrates strong investor confidence in its model of transforming university technologies into high-growth ventures. With a focus on deep tech, AI, and sustainability, the fund is well-positioned to drive innovation and create value in emerging technology sectors.
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