Atrium Fund Throws Light on Tech Startups
FOR IMMEDIATE RELEASE
August 9th, 2016
Kelowna, BC – High tech entrepreneurs will be getting a jumpstart with the introduction of Atrium Ventures VCC Inc. (Atrium), a $5,000,000 investment fund dedicated to nurturing early stage companies in BC’s red-hot technology sector.
It’s what fund manager Jeff Keen, Director of Wheelhouse Management Inc., describes as a “pre-seed/seed stage fund” that will target promising technology ventures looking to secure equity-based growth capital.
Anchored by commitments of $1,000,000 from the Southern Interior Development Initiative Trust (SIDIT), $750,000 from Interior Savings Credit Union and a growing list of forward-thinking angel investors, Atrium aims to fill a critical gap for early stage tech startups looking to raise equity capital.
“A long-time challenge facing all founders of early stage tech companies and, specifically, companies based in the Okanagan where there is no established venture capital presence, is access to a formalized funding source. Many times these founders are forced to seek capital outside the local community and we aim to change that,” said Keen.