Venture capital firm Yaletown Partners has announced that Michael Sfalcin has joined the company as Principal in its Toronto office.
“Michael has the perfect profile to complete our expanding team as we focus on enabling transformation to an ‘Intelligent Industry’,” said Salil Munjal, Managing Partner of Yaletown. “His knowledge of innovative technology companies, their particularities, their financing needs and the evolution of the sector is an asset for the pursuit of our growth.”
For the previous five years, Sflacin was an investment director with BMO Financial Group, where he helped the bank re-enter the technology lending market.
“I am thrilled to join an investment fund that has a concrete vision for the future, not only for its investors and for the companies it supports, but also for what shall be the next phase of the industrial development,” said Sfalcin. “By focusing on innovative projects that reduce the impact of climate change and create operational efficiency as a true competitive advantage, Yaletown is contributing to the emergence of tomorrow’s sustainable growth.”
Yaletown Partners traditionally invests in companies that enable the application of data and technologies to create operational efficiency and reduce the impact of climate change. In 2018, the firm closed over $100 million in initial funding for its Innovation Growth Fund, and lead a funding round in FinTech startup Finn AI.
