Bank of Montreal and CIBC are among the investors in the new fund after backing Impression’s previous funds. (The Logic)
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Bank of Montreal and CIBC are among the investors in the new fund after backing Impression’s previous funds. (The Logic)
Talking point: Impression said in a press release that its investment focus remains unchanged, as its new fund will target seed-stage companies in the U.S. and Canada. Through its previous funds, the firm made early investments in 19 companies, including well-known fintechs like Wealthsimple, Symend and Brim Financial. Impression is the latest Canadian venture capital firm to tap into investors’ growing fintech appetite. Portage Ventures recently raised US$616 million for its third fund, with a final close expected in April. Impression’s $64-million raise brings it close to the $70-million maximum size it had set for the fund.
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