The fund will focus on the Waterloo Region in Southern Ontario.

Three alumni of Waterloo University – Michael Litt, Devon Galloway and Mike McCauley – have launched a $5m venture fund to help early-stage start-ups exclusively in Waterloo Region, a regional municipality in Ontario, Canada.

The fund has already invested in seven start-ups, and is aiming to support several hundred more as individual investments are kept small at $25,000 to $100,000. Apart from the cash injections, they are also giving companies the opportunity to network with other local entrepreneurs, particularly those…

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