Deloitte Ventures will target investments in Canada-based startups, providing up to $8m through each deal.

US-based accountancy and consulting firm Deloitte’s Canadian subsidiary launched a corporate venture capital (CVC) unit called Deloitte Ventures yesterday with C$150m ($119m) in capitalisation.

Deloitte Ventures will focus on early-stage Canada-based developers of financial, consumer, data and artificial intelligence, cybersecurity, healthcare and life sciences, governance risk, compliance, sustainability or clean technology.

The unit will invest approximately $1.5m to $8m per company, taking minority stakes in startups sized at up to 10%, Deloitte Ventures managing partner Talia Abramowitz told The Globe…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.