Source: BetaKit
Summary
BKR Capital has announced the first close of its Fund II, securing $20 million CAD towards its $50 million target. The fund will focus on investing in early-stage Canadian startups. The announcement was made on Monday. BKR Capital aims to support entrepreneurs and startups in the country. The fund’s target is to reach $50 million.
Our Reading
The launch follows a familiar script.
BKR Capital’s Fund II is just another venture capital fund trying to make a splash. $20 million is a decent start, but it’s still a long way from the $50 million target. Early-stage Canadian startups will be the focus, because that’s where the smart money is. Or so we’re told. Again.
Author: Evan Null
