Voyager Capital has raised $100 million to fuel innovation in the Cascadia market.
The fund, Voyager’s fifth, will power first-round investments in B2B startups across cloud infrastructure, software as a service (SaaS), and vertical markets such as FinTech, MediaTech, and AgTech. The firm has already closed five new investments.
The West Coast venture capital firm has committed additional resources to the Cascadia region with a senior associate in Seattle and a venture partner in Vancouver.
Voyager hired Meredith Powell as its dedicated Canadian venture partner in December of 2018. Powell is a long-time entrepreneur, investor, and board member who previously founded two companies. She focuses on marketplace businesses, B2B startups, fintech, artificial intelligence, and consumer packaged goods.
“Cascadia is exploding with growth but underserved by venture capital,” said Bill McAleer, Founder and Managing Director of Voyager Capital.
“Seen as one of the most active early-stage startup locations in the country, this region is leading the major trends in computing, creating significant investment opportunities with exceptional outcomes at sub-unicorn valuations.”
Voyager has established a consistent track record of repeatable results for investors and entrepreneurs alike, evidenced by 14 exits over the last four years—three to major cloud providers like Amazon Web Services and Google Cloud Platform.
Defined by a strong mix of both financial and operational experience in early-stage tech investing, the Voyager team has over 60 years venture experience, and continues to grow.
“With fresh capital, an expanded team, and active investments, we’re charging ahead with great momentum in Seattle, Portland, and now Western Canada,” said Diane Fraiman, managing director, Voyager Capital.
“As experienced investors as well as mentors and coaches who live in the communities we invest in, we partner with entrepreneurs to build outstanding companies of lasting value and drive the entire ecosystem.”