Accelerate Fund: Fueling Early-Stage Companies in Alberta
Based in Edmonton, Alberta, Accelerate Fund is a venture capital and private equity firm focused on fostering the growth of early-stage companies in the region. The firm specializes in angel co-investment, partnering with angel investors to provide financing to promising young companies in knowledge-based industries such as information and communications technology, energy technology, life sciences, agriculture, and biotech. By contributing up to $250,000 per investment, Accelerate Fund aims to boost the local economy and create opportunities for innovation and progress in Alberta.
Accelerate Fund's investment approach is centered around collaboration, working closely with formal angel groups, super-angels, family funds, and individual angel investors. The firm co-invests alongside its partners in financing rounds, committing capital on the same terms and conditions as private investors. This collaborative approach allows Accelerate Fund to leverage the expertise and resources of its partners, ensuring a more comprehensive assessment of potential investments and a greater likelihood of success for its portfolio companies.
The firm operates under its third fund, Accelerate Fund III, managed by Yaletown Partners with the support of The A100, a group of experienced technology entrepreneurs dedicated to helping Alberta's tech industry grow. Alberta Enterprise Corporation, a government-owned corporation that invests in venture capital funds to foster innovation and economic growth in the province, serves as Accelerate Fund III's lead limited partner. Additional support comes from other investors, including Opportunity Calgary Investment Fund, a non-profit organization that provides funding to high-impact initiatives in the Calgary region.
Accelerate Fund's commitment to early-stage companies in Alberta is evident through its extensive portfolio, which includes investments in groundbreaking firms across a range of industries. By providing capital and resources to these promising companies, Accelerate Fund plays a crucial role in the development of Alberta's knowledge-based economy.
To learn more about Accelerate Fund and its investment activities, visit their website at https://acceleratefund.ca/.