TORONTO, Canada – August 11, 2014 – Gibraltar & Company, Inc. (“Gibraltar”), a Toronto-based technology investment management firm, announced the launch and first close of Gibraltar Ventures Fund One Limited Partnership (the “Fund”). Investment in this strategic founders’ round will capitalize the Fund and strengthen Gibraltar’s relationships with key strategic partners, including BDC Capital, Corus Entertainment and several successful technology and media entrepreneurs from across Canada.
“We are delighted to welcome BDC Capital and Corus Entertainment as Major Limited Partners along with us in the Fund,” cited Cam di Prata, Chairman & CEO of Gibraltar. “Their extensive presence and reach in all matters pertaining to Canadian tech and media is unprecedented and we look forward to working together with them and our other investors in creating value for our portfolio companies.”
According to Michael Mahon, Director of Venture Capital – Strategic Investments and Partnerships at BDC Capital, “Gibraltar’s investment model and, in particular its focus on revenue acceleration of tech entrepreneurs, is both unique and very promising in terms of its potential to deliver strong returns. What is more, the fund is backed by a solid and committed team of investment professionals and key advisors with exceptionally deep domain expertise.” Mahon added: “The consumer/SMB market being targeted by Gibraltar is ripe for disruption and we are convinced that they have what it takes to grow a number of successful Canadian technology companies in the coming years.”
“Corus Entertainment is pleased to be partnering with Gibraltar and Cam di Prata’s team on the initial financing of their new technology-focused fund,” said Scott Dyer, Executive Vice President, Strategic Planning and Chief Technology Officer, Corus Entertainment. “As a leading media and entertainment company, Corus is excited to participate in emerging opportunities where technology and media intersect.”
Over the next three years, the Fund will invest in 10 to 12 early to mid-stage technology companies.
Gibraltar’s vision is to proactively contribute to the emergence of the next cohort of great Canadian technology companies. Our business purpose is to make early to mid-stage portfolio companies stronger and more competitive by accelerating their speed-to-market. We provide portfolio companies with strategic and business development expertise, access to our network of senior corporate decision-makers, and expansion capital. For more on Gibraltar visit www.gibraltarcompany.ca.
About BDC Capital
A subsidiary of the Business Development Bank of Canada (“BDC”), BDC Capital offers a full spectrum of specialized financing and investment solutions to help Canadian entrepreneurs achieve their full growth potential. With more than $1 billion under management, BDC Capital takes a strategic, patient approach to nurture companies’ development over the long term.
From venture capital to equity to growth and transition capital, our team of over 100 experienced, local professionals partner with entrepreneurs to identify and meet their needs on flexible terms. Some of the sectors in which we specialize include IT, industrial/clean/energy technology, and healthcare. For more information, please visit www.bdccapital.ca or follow us on Twitter at @BDC_Capital.
About Corus Entertainment
Corus Entertainment is a Canadian-based media and entertainment company that creates, broadcasts and licenses content across a variety of platforms for audiences around the world. The Company’s portfolio of multimedia offerings encompasses specialty television and radio, with additional assets in pay television, television broadcasting, children’s book publishing, children’s animation and animation software. For more on Corus Entertainment Inc., visit www.corusent.com .
Cam di Prata — Founder, Chairman & CEO, Gibraltar & Company, (416) 843-5347, firstname.lastname@example.org.
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