News Summary

Montréal-based Holt Xchange, a venture capital firm focused on FinTech startups, has turned to the equity crowdfunding platform FrontFundr to raise the final $2.5 million USD for its $10-million seed fund. This move comes amid challenging fundraising conditions for venture capital firms in Canada. Holt Xchange plans to use the capital to support its top portfolio companies, which include Owl.co and Manzil. The firm has already secured $7.5 million from 86 limited partners and is focusing on retail investors due to the fund’s size. Founded in 2018, Holt Xchange has invested in 30 companies across 10 countries and manages $14 million in assets. The firm continues to diversify its fundraising strategies to adapt to the current VC market landscape.