In 2017, Hootsuite co-founder Ryan Holmes launched League of Innovators because there was a shortage of mentorship for young entrepreneurs.
Today, Holmes is teaming up with fellow Vancouver angel Manny Padda to announce a $20 million venture fund called LOI Venture to address the shortage of capital for founders under 30.
There was a shortage of mentorship for young founders so we built @LOIUnplugged.
There’s now a shortage of capital so we’re building @LOIVenture: a $20M pre-seed fund to back founders under 30.
Learn more at https://t.co/V6emr4KNEv or read below for my thoughts.👇 pic.twitter.com/nEz6cf4rFf
— Ryan Holmes (@invoker) December 13, 2021
LOI Venture will invest solely in early-stage startups who enrol in the League of Innovators programs.
To date League of Innovators has witnessed almost a billion dollars of enterprise value created from 250+ founders in residence. Some notable alumni include SmartSweets, Spocket, Blume, GrantMe, MazumaGo, FLIK, and Spare.
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