For Brightspark, building a Platform strategy meant evaluating the current value-add we offered and establishing new initiatives to support our current and future portfolio. We interviewed our founders and worked backwards to identify gaps and areas of improvement (more on that later). And, staying true to our firm’s philosophy, we ensured that our vision for new Platform projects would not be at the expense of the highly relevant, meaningful value that we provide to the individual companies in our portfolio.
An unprecedented number of new tech startups continue to emerge in Canada, and many of them are pushing the envelope in markets that tech investors never would have considered (or had access to) in the past.
As Benedict Evans of Andreessen Horowitz told Bloomberg, “stop thinking about technology as something separate and apart from other companies or industries.”
So, how can you be a successful tech investor when everything is tech?
We are excited to announce the launch of a new $50-75m fund. The Brightspark Canadian Opportunities Fund is structured as a more traditional VC fund, is fully managed by Brightspark, and will invest in synch with our deal-by-deal Single Purpose Vehicles (SPVs).
Meet AOMS Technologies, a new addition to Brightspark’s portfolio.
Before co-founding Brightspark, Managing Partner Mark Skapinker was on the other side of the table as a tech entrepreneur. In our latest blog post, Mark shares the reality of being an entrepreneur in Canada at a time when there wasn’t a thriving tech industry like the one we see today - the challenges he faced and some of the fundamentals that have stayed the same.
Last year, we doubled the size of our network, we invested over $15M in 8 portfolio companies (including re-investments), and we took part in one of largest financing round in Canadian history.
With 7,000 attendees from 170 countries, 1,200 speakers and over 2,000 startups participating - the Web Summit conference is a unique playground for tech investors like us to keep in touch with current global trends, learn from different industry leaders, mingle with other investors from around the globe, and widen our horizons.
In this post, we have summarized our Venture team's main takeaways, a few of our favorite keynotes, and best memories from Lisbon.
This episode deals with what we affectionately call the “teenage years” of VC investments. Just like teens, early-stage companies go through ups and downs, including periods of high pressure and uncertainty – they are trying to figure out who they want to be when they grow up. A big part of Sophie Forest’s role as Managing Partner is to work with founders in our portfolio through their company’s formative years. Being a mother to teenage daughters, she shares some of the parallels between being a VC and a parent.
Brightspark is broadening its investment focus. While the core of what we do is – and will remain – investing in Series A stage companies, we are moving up and down the VC investment pipeline. In the future, you will likely see us placing extra-selective bets on pre-Seed/Seed companies, as well as backing more mature companies at an early growth stage.
Brightspark State of Mind - Episode 1: Creating Proprietary Deal Flow and Relationships in Venture Capital
Episode 1 is about creating proprietary deal flow and relationships in venture capital. In a thriving tech ecosystem like Canada, finding great companies to invest in isn’t the challenge - finding those deals before anyone else is. In today’s episode, Alex and Eleonore discuss finding and creating proprietary deal flow, and the importance of relationships in venture capital.
Welcome to our blog
Read the musings of our team and learn about what's happening at Brightspark. We share our thoughts on Venture Capital, startups and everything tech.
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