$250k CDN per quarter rolling fund (2022) focused on Agtech investments in pre-seed and seed stage companies primarily in Canada.
Strong technical leadership and domain knowledge
Technology with a >$500M market opportunity
Realistic to achieve >$1MM ARR just before series A.
Maximum first investment per company of $250,000 (or the greater of 34% of quarterly fund)
Pre-seed range of $50,000 to $100,000
Seed range of $75,000 to $250,000
Follow along investments in seed, bridge or series A will be made by future quarterly funds (why it is important for LP’s to continue to participate in future rolling quarterly funds)
Investment structure of SAFE, convertible notes or equity.
1 to 3 investments per quarter
Targeting IRR >3x over 5 years
General partner and CFO paid carry only when quarterly investments are profitable to LP’s