Build Ventures, the Atlantic Canadian venture capital fund, has received more than $40 million in commitments for its second fund, including backing from two bodies within the federal government.
The Halifax-based VC fund said Monday it has received $7.5 million in funding from the Venture Capital Catalyst Initiative, or VCCI. And in an interview, Build Partner Rob Barbara also said the company has a commitment for funding from BDC Capital, the VC arm of the Business Development Bank of Canada. He declined to say the amount of the BDC contribution.
Barbara added that the firm is on track to