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- Vancouver’s Weave VC closes $6M fund for early-stage startups
Vancouver’s Weave VC closes $6M fund for early-stage startups
The firm plans to make six to eight investments over the next 12 months across Western Canada.
Lisa Tanh
October 25, 2024
Weave VC’s general partners (L - R): Mark Mitchell, Jeffrey Manner, and Marco Donadeo. Photo: Weave VC.
Weave VC has announced the final closing of its Fund I at $6 million, to support pre-seed founders raising their first round of $500,000 to $1.5 million.
"We launched the fund to provide essential early-stage capital to the most promising founders in our region,” Jeffrey Manner, general partner of Weave VC, told the Vancouver Tech Journal. “Closing Fund I marks a significant milestone in our mission to address the significant risk capital gap existing in the early-stage funding environment."
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