{"id":103357,"date":"2018-03-06T14:00:28","date_gmt":"2018-03-06T19:00:28","guid":{"rendered":"https:\/\/techvibes.com\/?p=103357"},"modified":"2018-03-06T16:26:22","modified_gmt":"2018-03-06T21:26:22","slug":"ex-500-startups-canada-partners-launch-25-million-panache-ventures-fund","status":"publish","type":"magazine","link":"https:\/\/brainstation.io\/magazine\/ex-500-startups-canada-partners-launch-25-million-panache-ventures-fund","title":{"rendered":"Ex-500 Startups Canada Partners Launch $25 Million Panache Ventures Fund"},"content":{"rendered":"

Today Panache Ventures announced the launch of its first fund and its initial closing of $25 million.<\/p>\n

Panache Ventures<\/a> was launched by four former members of the 500 Startups Canada team: Mike Cegelski, Patrick Lor, David Dufresne, and Nicolas Bouchard.<\/p>\n

500 Startups Canada was terminated last summer<\/a> amidst sexual harassment allegations against 500 Startups founder Dave McClure. He resigned in July but the reputation surrounding the firm had been heavily damaged to the point of no return.<\/p>\n

Since then the Panache team has created a Canada-wide early stage venture capital fund with a founders-first philosophy, a commitment to diversity and strategically co-invests with smart angel investors and seed stage funds.<\/p>\n

Panache is composed of an entrepreneurial team of experienced operators, a strong angel investor track record, years of institutional VC experience and a strong network in Canada, in Silicon Valley and worldwide.<\/p>\n

The firm plans to deploy its capital in over 140 startups over the next 4 years, focusing on the pre-seed and seed stages.<\/p>\n

So far they have invested, or committed to invest in 11 companies across Canada, from Vancouver to Halifax with a focus on innovation sectors including artificial intelligence, machine learning, fintech, cybersecurity and blockchain technologies.<\/p>\n","protected":false},"excerpt":{"rendered":"

Today Panache Ventures announced the launch of its first fund and its initial closing of $25 million. Panache Ventures was launched by four former members of the 500 Startups Canada team: Mike Cegelski, Patrick Lor, David Dufresne, and Nicolas Bouchard. 500 Startups Canada was terminated last summer amidst sexual harassment allegations against 500 Startups founder […]<\/p>\n","protected":false},"author":1358,"featured_media":0,"menu_order":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"categories":[13],"tags":[894,2860],"magazine-region":[],"magazine-series":[],"magazine-topic":[],"class_list":["post-103357","magazine","type-magazine","status-publish","hentry","category-News","tag-500-startups-canada","tag-panache-ventures"],"acf":[],"_links":{"self":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine\/103357","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine"}],"about":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/types\/magazine"}],"author":[{"embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/users\/1358"}],"version-history":[{"count":0,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine\/103357\/revisions"}],"wp:attachment":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/media?parent=103357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/categories?post=103357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/tags?post=103357"},{"taxonomy":"magazine-region","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-region?post=103357"},{"taxonomy":"magazine-series","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-series?post=103357"},{"taxonomy":"magazine-topic","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-topic?post=103357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}