The venture fund was founded early this year and closed its first tranche earlier in the fourth quarter, which it noted was a challenging fundraising environment. It plans to make its first two investments before the end of the year. (The Logic)

Talking point: Individuals, family offices and foundations supported the fund, which intends to deliver “market rate returns by investing in incredibly meaningful companies with strong indicators of scalability,” said managing partner Graham Day in a press release. The venture fund is focused on Canadian startups working on human and planetary health—an emerging field that acknowledges the impact of humans on Earth and attempts to find sustainable solutions. It is also specifically interested in supporting underrepresented founders, such as Black founders or women.