The Accelerate Fund represents a partnership of organizations brought together to share their collective expertise and capital to help Alberta technology entrepreneurs increase their investment dollars, and ultimately their companies to new heights. The Accelerate Fund provides additional financing options to early stage technology companies.
In November 2016, a new $10 million capital allocation from limited partner Alberta Enterprise Corporation, was launched to create Accelerate Fund II. Accelerate Fund II is managed by Yaletown Partners which will review applications; perform due diligence; rule on investment decisions; and provide ongoing support to portfolio companies. In addition, an extensive advisory network called the Accelerate Fund Industry Committee managed by The A100 serves as a “hands on” resource to the fund and its portfolio companies.
The Accelerate Fund’s first fund, Accelerate Fund I, was managed by AVAC Ltd. and was launched with a $10 million investment from Alberta Enterprise Corporation in 2012. All of the capital in Accelerate Fund I has been allocated.
Yaletown Partners: Fund Manager, Accelerate Fund II
Yaletown invests in emerging-growth and select early-stage technology companies in Canada that enhance sustainability and productivity for industrial and enterprise customers. Their investments help Canadian technology companies to accelerate growth, shorten exit time-frames and achieve strong exit premiums. Since 2013, Thomson Reuters’ has ranked Yaletown as one of Canada’s most active private independent technology investors. Yaletown is led by a team with more than 120 years collective experience building and financing technology companies, and is backed by leading institutional investors and a network of successful technology entrepreneurs, executives and angel investors. Nate Glubish of Yaletown is the Investment Manager for Accelerate Fund II.
Find out more about Yaletown and their portfolio of companies at www.yaletown.com.
The A100: Industry Committee
The Accelerate Fund Industry Committee is a group of seasoned technology entrepreneurs, founders and C-level executives, venture capitalists, private equity and angel investors, as well as other industry stakeholders who are deeply committed to building a strong set of technology companies within the province. The Committee is managed by The A100, and will be engaged by Yaletown Partners throughout the life of the fund to provide a wide range of support. Their role is primarily advisory in nature, and may include connecting portfolio companies with key industry contacts, business advice, and governance at the board level. The Industry Committee does not make investment decisions for the fund.
For more information about The A100, please visit www.thea100.org.
Alberta Enterprise Corporation
Alberta Enterprise Corporation promotes the development of Alberta’s venture capital industry on behalf of the Government of Alberta by investing in venture capital funds that finance early stage technology companies. The organization focuses on funds that have a strong commitment to Alberta – including a full-time presence in the province. The organization also supports Alberta’s VC ecosystem by connecting investors, entrepreneurs, and experienced technology executives who share our passion for building a bright, innovative Alberta.
In early 2012, Alberta Enterprise Corporation announced a new funding strategy designed specifically for pre-Venture Capital ready companies. The Accelerate Fund addresses the existing gap at this level of financing. The corporation’s investments in funds have generated more than four times the capital back into Alberta companies, and the investment value continues to grow incrementally. The Alberta Enterprise Fund is a strategic investment that continues to foster the growth of the technology sector and a diversified economy in the province of Alberta.
For more information about Alberta Enterprise Corporation please visit www.alberta-enterprise.ca.