Vancouver’s Pender Ventures has announced the final close of its second venture fund, Technology Inflection Fund II LP, amassing over $100 million with notable backing from Alberta Enterprise Corporation (AEC). This fund aims to fuel growth for resilient and scalable Canadian technology companies, particularly those in health tech and B2B sectors. The inclusion of AEC […]
Pender Ventures
Is It the End of Venture Capital As We Know It?
Are we in the depths of an economic storm that just needs to be weathered? Have we entered a new normal in which the role that Venture Capital plays in the tech sector has just simply changed? Should entrepreneurs be looking elsewhere for funding to fuel their startups? It’s time to answer these questions and […]
InBC Makes Key Investments in Robotics, Healthcare, and Venture Funds
InBC Investment Corp. (InBC), a strategic investment fund created by the Province of British Columbia, has made new investments into companies and venture funds to support entrepreneurs and economic growth in the province. InBC has invested alongside other investors, committing $4 million into 4AG Robotics (formerly TechBrew Robotics) and $5 million into Clarius Mobile Health […]
Pender Ventures Launches Second Tech Fund—Now with More Capital, Ambition
Years ago, Vancouver’s PenderFund Capital Management launched Pender Ventures, a group to accelerate its private investments into disruptive technology companies across Canada. Portfolio companies of Pender’s original fund included MedEd management platform One45—which was acquired by Toronto’s Altus Assessments in 2021. This year, the company announced the first close of Pender Technology Inflection Fund II. The $50 million […]
Traction on Demand Spin-off Raises $6.7 Million for RevOps Apps
Port Moody’s Traction Complete has secured a $6.7 million growth financing round led by Vancouver’s Pender Ventures and San-Francisco-based Thomvest Ventures. A spin-out from Salesforce-acquired Traction on Demand and founded by Greg Malpass, Traction Complete is a leader in revenue operations apps native to Salesforce. The company has enabled high-growth organizations like DocuSign and the […]
How To Build A Billion-dollar Business Based On Good Old-fashioned Fundamentals
In the fast and furious world of technology, it’s easy for founders to assume that the amount of venture financing they raise correlates to their company’s long-term value. It’s true that external funding can be a great way to fast-track growth (and keep the lights on). But with seemingly more capital available than ever before, […]
PenderFund Launches Pender Ventures to Invest in Disruptive Tech
Vancouver’s PenderFund Capital Management has launched of Pender Ventures, a new group to accelerate its private investments into disruptive technology companies across Canada. Led by managing partner Maria Pacella, Pender Ventures will serve as the umbrella for all of Pender’s private technology investments with a combined AUM of approximately $100 million. Portfolio companies include Jane, […]