Having backed four companies through its first fund, the Cape Breton Capital Group is now raising its second fund and seeking out investors.
A group of 26 investors created the investment vehicle in 2022, forming a fund of $1.3 million to invest in innovative companies on Cape Breton Island. The group is now selling units for the second fund at $25,000 each and hopes this campaign will result in a fund of $2.5 million.
“Two things make our Group truly unique,” Paul Harrington, Managing Director of Cape Breton Capital, said in a statement. “First, our unwavering commitment to investing in Cape Breton. Second, our broad investment focus, which spans from start-ups to seed stages of businesses across all sectors. This ensures we’re fostering growth at every level of the entrepreneurial journey.”
Anyone interested in learning more or becoming an investor can contact Harrington at paul@capebretoncapital.com.
Through its inaugural fund, the group has invested in four companies that are based on or operating in Cape Breton:
- Click2Order, which provides affordable online ordering and delivery systems for restaurants. (Cape Breton Capital has said on social media that it invested $195,000 in Click2Order.)
- Carbide, a cybersecurity company that helps small businesses attain enterprise-grade protection against cyber attacks. (Cape Breton Capital invested $220,000 in Carbide.)
- InteGolf, which has created a platform that helps golf clubs organize more efficient tournaments.
- And Lite-1 Microbial Colours, which makes sustainable high-performance dyes made from natural substances.
“We have enough left for almost two more investments” in the first fund, said Harrington in an email. “Having said that, we have a pitch next Wednesday, which I think will be successful and leave us with just $170k with four other companies vying for money.”
