AEC invests $10M in Yaletown Innovation Growth Fund

Yaletown Partners is pleased to welcome long-time partner, Alberta Enterprise Corporation, as a $10-million investor in our latest fund: the Yaletown Innovation Growth Fund. Our new fund will invest in emerging growth technology companies across Canada focused on enhancing sustainability and productivity in the Intelligent Industry and Intelligent Enterprise sectors.

Alberta Enterprise Corporation chose Yaletown to further their goal of developing Alberta’s venture capital industry by investing in Funds that finance promising technology companies. The investment in Yaletown will support AEC’s continuing mission of building a network of private independent funds operating in Alberta, leveraging the investment of other industry Limited Partners.

“Alberta Enterprise has been a strong supporter of Yaletown as an investor in our second Fund and in the Accelerate Fund II,” said Brad Johns, Partner with Yaletown Partners. “We are again delighted to have them as an investor in our Innovation Growth Fund and look forward to helping expand the Alberta technology ecosystem and scale world class technology companies.”

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Author: Yaletown Partners