TLDR:
- Conexus Venture Capital has launched its second $30-million CAD fund to support Saskatchewan tech startups, with $15 million already committed by Conexus Credit Union.
- The new fund aims to invest in early-stage Saskatchewan-based technology startups and build on the success of CVC’s first fund and the Conexus-founded incubator Cultivator.
Conexus Venture Capital has announced the launch of its second $30-million CAD venture capital (VC) fund, with an initial $15-million commitment from Conexus Credit Union. The Regina-based VC firm, led by managing director Jordan McFarlen, aims to continue supporting Saskatchewan tech startups with this new fund. The fund will focus on investing in early-stage Saskatchewan-based technology startups, building on its previous success with its first fund and the Conexus-founded incubator Cultivator. With challenging market conditions and a decrease in VC funding for Saskatchewan in the past year, CVC hopes to double down on its commitment to the local tech ecosystem and help increase funding for startups in the province.
