Impression Ventures has raised a $36-million fund to invest in early-stage fintechs that are thriving despite COVID-19.
“We’re very actively looking for deals. This environment will—whether it lasts another few weeks, months or years—create a lot of opportunity for firms that can reduce unnecessary face-to-face interactions and we’re in a position to help those companies grow,” said Christian Lassonde, the firm’s founder and a managing partner.
This is the third fund for the Toronto-based venture capital firm, which is looking to invest between $1 million and $2 million per company. Impression Ventures has already backed a number of prominent Canadian fintechs including Wealthsimple; Finaeo, a firm that reduces in-person interactions for insurance companies; and Brim, a credit-card issuer.