VC firm Panache Ventures has increased the target for its debut fund to approximately $38m after welcoming Telus Ventures as a limited partner.
Telecommunications firm Telus has tapped its corporate venturing arm, Telus Ventures, to invest in Canada-based venture capital firm Panache Ventures’ first fund.
Panache has increased the fundraising target of the vehicle from C$40m to C$50m ($37.8m) after bringing in Telus as a limited partner.
The fund was launched in March 2018 following an initial C$25m close that included commitments from fund-of-funds Alberta Enterprise Corporation and development capital providers Investissement Québec and Fonds de solidarité FTQ.
The firm has made 28…
