Brightspark looking to upend Canadian venture capital with $60-million fund and new financial instruments

Mark Skapinker and Sophie Forest. Brightspark

Brightspark Capital has closed a new $60-million venture fund, and wants to use it to upend the Canadian venture capital industry. 

The 21-year-old firm established itself as one of the country’s most successful VCs by investing in early-stage companies, betting on outstanding technology rather than financial projections. Now it’s registered as an exempt market dealer, a status it hopes to use to democratize the industry by letting individual investors buy in for as little as $10,000.

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