TLDR:
- Mark Trevitt, an ex-partner at BDC, has launched Defined Capital, a VC fund focusing on early-stage AI startups.
- Defined has closed over a third of its $15-million USD target from LPs like Inovia, Band, and BC tech entrepreneurs.
An article on BetaKit discusses Mark Trevitt’s transition from BDC to founding Defined Capital, a Vancouver-based VC firm targeting early-stage technology startups shaping the AI frontier. With a focus on North America, Defined has secured commitments from LPs like Inovia, Band, and successful BC tech entrepreneurs, with plans to invest in companies across the AI stack. Trevitt’s successful track record in AI investments, established presence in Western Canada, and collaborative approach have been highlighted as key factors in attracting investors like Inovia. Defined aims to back 25 to 30 startups through its first fund, offering initial cheques of $100,000 to $500,000 and providing guidance on product vision and GTM issues. Trevitt hopes Defined will help identify and support the next generation of AI champions, with ambitions to build a globally successful firm from Vancouver.
