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Pelorus Venture Capital Ltd. is a venture capital fund established in 2015 and headquartered in Newfoundland and Labrador, Canada. The firm is dedicated to enhancing the Atlantic Canadian startup ecosystem by investing in pre-seed innovation companies. Pelorus VC collaborates closely with founders, offering active advisory support to assist in the commercialization of their products and services.
The fund manages a total of $30 million across its two primary funds, Venture NL I & II, which were created in partnership with the Province of Newfoundland and Labrador, BDC Capital Inc., and several angel investors. This collaborative approach aims to strengthen the local innovation landscape and provide essential resources to emerging companies.
Pelorus VC targets pre-seed and seed stage companies across a variety of sectors, with a strong emphasis on opportunities within Newfoundland and Labrador. The firm’s investment strategy includes initial investments ranging from $250,000 to $500,000, allowing them to support a diverse range of startups at critical early stages.
The firm’s focus on local investment is complemented by its partnerships with regional stakeholders, including government entities and angel investors. This strategy not only enhances the financial backing for startups but also fosters a supportive environment for innovation and growth in the Atlantic Canadian region.
Chris Moyer | Managing Partner: Chris has extensive experience in venture capital and entrepreneurship, having led multiple successful investments in the Atlantic Canadian region.
Sarah Murphy | Partner: Sarah brings a strong background in business development and strategic planning, focusing on supporting early-stage companies in their growth journeys.
Greg Smyth | Venture Partner: Greg has a wealth of experience in technology and innovation, providing valuable insights to portfolio companies as they navigate the commercialization process.
To pitch Pelorus VC, founders should visit their website at pelorusvc.com. It is advisable to include a comprehensive pitch deck that outlines the business model, market analysis, and team background. Response times may vary, but founders can expect feedback within a few weeks.
What are Pelorus VC's investment criteria?
Pelorus VC invests in pre-seed and seed stage companies across various sectors, primarily focusing on those located in Newfoundland and Labrador. The firm looks for innovative ideas and strong founding teams capable of executing their vision.
How can I pitch to Pelorus VC?
Founders can submit their pitches through the Pelorus VC website at pelorusvc.com. It is recommended to include a clear business plan, market analysis, and details about the founding team in the pitch deck.
What makes Pelorus VC different from other investors?
Pelorus VC distinguishes itself through its commitment to actively partnering with founders. The firm provides not only capital but also advisory support to help startups commercialize their products effectively.
What is the geographic scope of Pelorus VC's investments?
The firm primarily invests in companies based in Newfoundland and Labrador, aiming to strengthen the local innovation ecosystem.
What is the typical check size for investments?
Pelorus VC typically invests between $250,000 and $500,000 in its portfolio companies, providing substantial early-stage funding to support growth.
What kind of post-investment involvement does Pelorus VC have?
Pelorus VC maintains an active role post-investment, offering mentorship and advisory support to help founders navigate challenges and scale their businesses.
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