District Ventures Capital reaches $100 Million

Canada’s premier enterprise capital fund specializing in corporations within the meals, beverage and wellness sectors raises extra capital to proceed supporting revolutionary corporations

TORONTO, April 6, 2020 /CNW/ – District Ventures Capital (“District Ventures“) introduced at present the shut of its first fund at $100 million raised. Further funding commitments of roughly $35 million got here from Farm Credit score Canada (“FCC“), Canada’s largest agricultural time period lender, BDC Capital, the funding arm of BDC, Canada’s financial institution to entrepreneurs, household workplaces and extra funding from current buyers, all of which took the fund to this milestone.

District Ventures Capital is a shopper items enterprise capital fund based by Canadian investor and entrepreneur, Arlene Dickinson. The fund focuses solely on investing in corporations working within the meals & beverage, well being & wellness and wonder shopper items classes. Along with capital, District Ventures offers advertising, programming and commercialization as help to the businesses it invests in.

“From the outset, District Ventures Capital has invested below the thesis that early-stage shopper items corporations signify immense alternative for development – notably in Canada which is understood for its power and data in agriculture and well being,” mentioned Arlene Dickinson, Common Companion of District Ventures Capital. “Whereas nearly all of enterprise capital {dollars} in Canada proceed to be earmarked for expertise investments, we’re specializing in serving to corporations who ship on offering for customers dietary, well being and well-being wants. The extra buyers within the fund sign that there’s each confidence in District Ventures and worth seen within the development alternatives in these classes.”

Working because the nation’s largest agricultural time period lender, Farm Credit score Canada echoed Dickinson’s feedback and added that their funding in District Ventures helps their mandate of supporting agri-food corporations in Canada.

“FCC is proud to help District Ventures, which is enjoying an necessary position in making certain entry to capital and different help providers for corporations which are innovating and increasing Canada’s meals business,” mentioned Rebbecca Clarke, FCC Vice President and Treasurer. “FCC has supported the agriculture and meals business for 60 years, and District Ventures is a vital and thrilling alternative for the meals sector.”

Alison Nankivell, Vice-President, Fund Investments, BDC Capital, added that entrepreneurs are the actual beneficiaries of their funding and this milestone.

“District Ventures is effectively positioned to help the wave of revolutionary Canadian start-ups we see working within the meals and well being and wellness sectors”, mentioned Alison Nankivell, Vice President of Fund Investments, BDC Capital. “This can be a important space of aggressive power for Canada which BDC Capital needs to develop by working with companions comparable to District Ventures. We’re additionally proud to help a robust Canadian feminine GP striving to construct a portfolio with important feminine illustration on the administration degree.”

District Ventures has constructed a novel VC platform aimed toward investing in and supporting the expansion of Canadian corporations within the meals, beverage and wellness shopper items classes.

About District Ventures Capital

District Ventures Capital is a enterprise capital fund investing in revolutionary corporations within the meals & beverage and well being & wellness sectors. The fund is led by Common Companion, Arlene Dickinson. District Ventures is the main ecosystem in Canada that focuses on the CPG area and brings capital, advertising help, programming and commercialization as help to the businesses it invests in.

For extra info, go to www.districtventurescapital.com.

About Farm Credit score Canada (FCC)

FCC is Canada’s main agriculture and meals lender, with a wholesome mortgage portfolio of greater than $38 billion. Our staff are devoted to the way forward for Canadian agriculture and meals. We offer versatile, competitively priced financing, administration software program, info and data particularly designed for the agriculture and meals industries. As a self-sustaining Crown company, we offer an applicable return to our shareholder, and reinvest our income again into the industries and communities we serve. Go to fcc.ca or comply with us on Facebook, Instagram, LinkedIn, and on Twitter @FCCagriculture.

About BDC Capital

BDC Capital is the funding arm of BDC- Canada’s solely financial institution devoted completely to entrepreneurs. With over $three billion below administration, BDC Capital serves as a strategic associate to the nation’s most revolutionary corporations. It provides a full spectrum of danger capital, from seed investments to transition capital, supporting Canadian entrepreneurs who want to scale their companies into international champions. Go to bdc.ca/capital.

SOURCE District Ventures Capital


For additional info: Media Contact: Jerry Nasr, PR and Social Communications Supervisor, District Ventures Capital, 416-585-2090, [email protected]

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