Telus Ventures invests in Black Innovation Capital fund

VANCOUVER and TORONTO — Telus Ventures announced today it is investing in a newly created Black Innovation Fund, which was launched today by Black Innovation Capital (BIC) and BDC Capital. The fund is focused on investing in Canadian pre-seed and seed stage technology companies founded by Black entrepreneurs. The initial close of funding amounts to $6.4 million, with investors including RBC Ventures and Globalive Capital in addition to Telus Ventures. “As one of Canada’s most active venture funds, Telus Ventures holds itself to an extremely high standard for finding and funding new and emerging technologies. It should be no different...