BrightSpark: Venture Capital is not what it used to be, we are changing
A lot of us like to speculate on the state of Venture Capital in Canada; we all have a vested interest in the existence of a healthy and competitive market. For BrightSpark, the truth has been much more obvious.
BrightSpark, with over $100 million under management, raised its first fund in 1999 and its second fund in 2004. Co-Founded by Tony Davis and Mark Skapinker, the fund positioned itself as a “seed and early-stage software venture fund” for the Canadian market with offices in Montreal and Toronto. They have been active even recently with great deals like NowPublic, b5Media and MobiVox, 9 recent investments, and a few more to make in their second fund.
The BrightSpark team, a bunch of experienced entrepreneurs, was (and is) perfectly suited for the job we have been asking VCs to take on here in Canada: early stage financing with heavy duty support capabilities. It should have been a perfect combination, and one would hope that they could have done quite well in the last few years with the resurgent tech bubble.
Source: startupnorth.ca via mtippett
Tags: Canada | Montreal | Toronto | Brightspark | early-stage | ENTREPRENEURS | FINANCING | fund | INVESTMENTS | Management | Mark Skapinker | MobiVox | Money & Stuff | NowPublic | resurgent | software | tech bubble | Tony Davis | venture
