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Golden Ventures Boosts Tech Ecosystem with $100M

The powerhouse of Canadian venture capital, has just clinched over $100 million for its fifth fund
February 23, 2024

Golden Ventures, a prominent venture capital firm hailing from Canada, has recently secured over $100 million in capital commitments for its fifth fund. With a keen eye for high-potential seed-stage founders, the firm is set to empower innovators across a spectrum of cutting-edge technologies, spanning AI, climate, blockchain, and quantum computing.

Founded in 2011 by Matt Golden, the Toronto-based firm has steadily grown its footprint, assembling a seasoned team led by Ameet Shah, a general partner, and the newest addition, principal Nick Chen. Golden Ventures prides itself on a founder-centric approach, rooted in the experiences of its leadership, who bring firsthand insights as former founders themselves.

Evolved from its mobile-focused origins, the firm now embraces a sector-agnostic stance, with a strategic focus on nurturing the vibrant Canadian tech ecosystem. Over the years, Golden Ventures has made significant inroads, backing over 100 companies at the seed stage and fostering a culture of mentorship and talent development.

With a portfolio boasting notable exits like Wattpad and SkipTheDishes, Golden Ventures has proven its knack for spotting and nurturing standout ventures. From SaaS platforms like Brightwheel to groundbreaking quantum computing endeavors like Xanadu, the firm's diverse investments reflect its commitment to supporting visionary founders on their journey to success.

Ameet Shah emphasizes the firm's dedication to serving the unique needs of seed-stage founders outside the Silicon Valley bubble, recognizing the importance of tailored support and strategic guidance in diverse entrepreneurial landscapes.

Backed by a consortium of esteemed institutional limited partners, including BDC Capital and RBC, Golden Ventures V stands poised to catalyze the next wave of innovation, reaffirming its position as a cornerstone of the Canadian tech ecosystem.

As the firm embarks on this new chapter, fueled by fresh capital and a steadfast commitment to founder success, Golden Ventures continues to shape the future of technology innovation with its unwavering vision and collaborative spirit.

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