Venture NL Books $16.3M First Close
The Newfoundland and Labrador government will kick in $10 million to the first close of the Venture Newfoundland and Labrador II fund, adding on to a $6.3 million private sector funding raise.
Like the first Venture NL fund, Fund II will be managed by Pelorus Venture Capital and the partners say the fund will have enough capital to back pre-revenue companies in the province for a decade.
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