Impression Ventures has closed more than $30 million (CAD) for its second fund.
The Impression Ventures Fund II, which follows a $20 million fund launched last year, targets early-stage financial technology companies in Canada.
“We are extremely proud to have assembled what we believe is the best in class group of limited partners within the Canadian venture capital fintech space,” said Christian Lassonde, the fund’s Founder and Managing Partner.
Impression Ventures also announced that Montreal’s Maor Amar, previously with BMO Capital Markets and UBS Investment Bank, has joined the the firm as a Managing Partner.
“While we are seeing very strong deal flow from all of Canada’s major cities, Montreal’s burgeoning fintech scene is growing rapidly and having a presence here allows us to move decisively when opportunities arise,” said Amar.
Toronto’s Impression Ventures says it has “a full pipeline of opportunities,” ranging from modernizing aging financial infrastructure to taking advantage of artificial intelligence development.
Impression was founded in 2013 by entrepreneur Christian Lassonde.