BDC and Corus Entertainment Pitch in for New Gibraltar Venture Capital Fund

Toronto is getting a brand new venture capital fund in Gibraltar Partners Fund One.

The new fund achieved its first close with assistance from the Business Development Bank of Canada (BDC) Capital and Corus Entertainment.

“We are delighted to welcome BDC Capital and Corus Entertainment as Major Limited Partners along with us in the Fund,” said CEO Cam di Prata. “Their extensive presence and reach in all matters pertaining to Canadian tech and media is unprecedented and we look forward to working together with them and our other investors in creating value for our portfolio companies.”

BDC Capital’s Michael Mahon said that Gibraltar’s investment model and its focus on revenue acceleration of tech entrepreneurs “is both unique and very promising in terms of its potential to deliver strong returns. What is more, the fund is backed by a solid and committed team of investment professionals and key advisors with exceptionally deep domain expertise.”

“The consumer/SMB market being targeted by Gibraltar is ripe for disruption and we are convinced that they have what it takes to grow a number of successful Canadian technology companies in the coming years,” added Mahon.

The fund said it will invest in 10-12 early to mid-stage tech companies over the next three years.

“Corus Entertainment is pleased to be partnering with Gibraltar and Cam di Prata’s team on the initial financing of their new technology-focused fund,” said Corus Entertainment’s Scott Dyer. “As a leading media and entertainment company, Corus is excited to participate in emerging opportunities where technology and media intersect.”