News Summary

Conexus Venture Capital (CVC) has successfully reached its $30 million CAD target for its second fund, aimed at supporting technology startups in Saskatchewan. Initially launched in May 2024 with a $15 million first close, the fund has now secured additional investment from credit unions, institutions, high-net-worth individuals, and family offices across Saskatchewan. This achievement marks a significant milestone for CVC as it aims to back 10 to 15 companies through this fund, focusing on software startups in pre-seed to Series A stages. CVC has already invested in three companies: Alto, Offstreet, and LiORA. The fund is a testament to the growth and potential of Saskatchewan’s tech ecosystem, with Conexus Credit Union as its anchor investor, emphasizing its commitment to supporting local entrepreneurs and startups.