White Star Capital wants to lead Canadian seed rounds with new $50

White Star Capital has launched a new seed fund to fill what it sees as a key gap in Canada’s venture capital (VC) market.

The global, multi-stage VC firm has secured a first close of $25 million USD for its North American Seed Fund, with a $50 million USD target. With this, it aims to lead pre-seed and seed financings for tech startups across Canada and the United States (US).

“We’ve been really happy with our track record overall in Canada.”

Recent data from the Canadian Venture Capital And Private Equity Association indicates that there has been a steep decline in pre-seed and seed investment activity in Canada. While the latest results from Québec are slightly stronger in this respect, some industry leaders have been sounding the alarm in light of poor fundraising figures for startu