Pique Venture – Accessible Venture Capital with Social Impact Managing Team: Pique Ventures Name of Fund: Pique Fund Website: www.piqueventures.com Fund Type: Accessible venture capital Restrictions: $5,000 minimum investment; must be a British Columbia resident or Accredited Investor Fees: 2/20 but the 2% fee is waived History: Managed by experienced professional investors, but since this fund is less than three years old, there is no track record yet Structured as a VC fund, but focused on investments from private individuals with an interest in social impact. In particular, they invest only in BC-based, women-led ventures with a social impact. Their first fund is an open fund with around $500,000 invested by approximately 30 investors. All investments are VCC tax-credit eligible. Pique Venture generates its own deal flow, does its own due diligence and makes its own investments. They are not directly associated with any Angel group but work with others to co-invest. Anges Québec – Angel Sidecar Venture Capital Fund (not investable by Angels) Managing Team: Anges Québec Capital Name of Fund: Anges Québec Capital Website: www.angesquebec.com Fund Type: Venture capital fund that operates as an Angel sidecar fund Restrictions: Open to institutional investors only – not Angels (yet) Fees: Not disclosed History: Managed by experienced professional investors, but since this VC fund is less than three years old, there is no track record yet Structured as a VC fund and open only to institutional investors, this is by far the largest Angel-related fund in Canada, with more than $85 million to deploy. Unlike other VC funds, however, this fund has three investment criteria: the lead investor must be a member of Anges Québec, there must be at least four other Angels co-investing, and the fund will only contribute up to $2 for every $1 invested by Angels (to date, the average has been more like $1 invested for every $1.3 invested by Angels). The fund has invested about half of its capital after three years of operation. Since most companies need more money than Angels have available, this sidecar fund is seen as a significant benefit to Anges Québec members, who see this as a way to make their investments go much farther.
How to Achieve Good Returns
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