With its Newfoundland and Labrador-focused fund performing better than expected, Pelorus Venture Capital is talking about raising a second fund.
Four years ago, the Atlantic Canadian investment group began to manage the Venture NL fund, which makes early-stage investments in companies based on The Rock. Director Chris Moyer said in an interview this week the fund’s portfolio companies have exceeded all expectations. There’s now one year left in the fund’s commitment period, and Pelorus would like to raise a second fund to continue investing in new companies that come along.
“If we want