Montreal-based venture capital firm Panache Ventures has struck a deal to buy Commonwealth Ventures, a San Francisco-based investment and mentorship firm that helps Canadian startups raise money in Silicon Valley. Panache is also launching its second venture fund, targeting an initial close of $75 million. It anticipates having $50 million raised by the end of the year.
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
Ether surges as co-founder Vitalik Buterin teases major upgrade
U.S. FTC looks to regulate data and algorithms
CPP Investments’ assets shed $16B in Q1
Meta expands encryption of Messenger chats
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.