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.
Houses stand near the Apple campus in Cupertino, a city in California’s Silicon Valley, in October 2019. Sam Hall/Bloomberg via Getty Images