TLDR:
- Two Small Fish Ventures has closed its third venture fund at $41 million CAD, exceeding its $40 million CAD target.
- The fund focuses on investing in early-stage frontier tech startups and is unique in the Canadian ecosystem due to its partners’ technical and operational expertise.
Toronto-based Two Small Fish Ventures (TSFV) has successfully closed its third venture fund at $41 million CAD, surpassing its initial target of $40 million CAD. The firm, co-founded by Eva and Allen Lau, aims to invest in early-stage startups that have the potential to disrupt industries and become future giants. TSFV has already made seven investments with Fund III, positioning itself as a leading investor in the Canadian startup ecosystem.
One of the key elements that set TSFV apart is its partners’ technical and operational expertise, drawn from their experience in building successful tech companies like Wattpad. The fund’s strategy includes identifying promising startups early on and providing them with the support needed to grow and succeed. Notable investments include Ideogram, which has already secured significant funding and scaled its user base.
With a focus on frontier tech and the increasing demand for computational resources in AI applications, TSFV’s Fund III aims to invest in companies at the forefront of computing and technology. The partners’ industry acumen and operational prowess position them as valuable partners for startups seeking funding and support. The fund’s successful close at $41 million CAD reflects the growing interest in deep tech investments in the Canadian market.
