Fonds innovexport – Angel Fund Managing Team: Volunteer board composed of founding Angels with staff of 4 Name of Fund: Fonds innovexport Website: www.fondsinnovexport.com Fund Type: Angel fund Restrictions: Must be Accredited Investor Fees: Not disclosed History: First round closed at $30 million, second round closing at $45 million in 2017 This Angel fund is run by the founding team of 15 Angels (“the G15”) with additional professional management support and additional institutional LP partner investors, including IQ, La Caisse, FSTQ, and Fondation CSN. Since the first close of $30 million, the number of Angels has grown to more than 20. This $45 million fund targets Quebec-based startup companies having innovative products or services with high export potential. It will be a closed fund with a 10-year life but is always open to co-investment with other Angels and partners on specific deals. Company Company Angel Fund
Angel Co-Investment
Angel Fund Investment
Angel Sidecar Fund Investment
Angel Sidecar Fund
Company
MLA48 – Angel Sidecar Fund Managing Team: Maple Leaf Capital Corp Name of Fund: MLA48 I and II Website: www.mapleleafangels.com Fund Type: Angel sidecar fund Restrictions: $25,000 minimum investment; must be member of Maple Leaf Angels Fees: Minimal fees; all work is done by volunteer Angels History: Managed by volunteer Angels from the Maple Leaf Angel Group, but since these funds are less than three years old, there is no track record yet Founded and managed by volunteer Angels from the Maple Leaf Angels, this Angel sidecar fund is only open to investment by members of Maple Leaf Angels in Toronto. The independent investment committee (operating as the GP) makes investment decisions in less than 48 hours. The goal is to find and make a quick small investment in order to be highly responsive to the best deals. Terms of this quick investment generally include the right for LPs and general members of Maple Leaf Angels to co-invest a larger amount once they have had the time to do more formal due diligence. MLA48 Fund II closed at around $800,000 and neither fund has published performance history. Angel Side-Car Fund VC
Deal Syndication
46 A Practical Guide to Angel Investing
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