Toronto, ON – Maple Leaf Angels Corporation, is pleased to announce the creation of Maple Leaf Angels Capital Corporation and the launch of a limited partnership, known as MLA48; Canada’s first angel investment fund that commits to make investment decisions within 48 hours. The Fund will provide a new and innovative way for promising young companies in the information, communication and entertainment sector in southern Ontario to obtain early stage financing. MLA48 will offer companies coaching and mentorship, networking opportunities, and access to follow-on funding from the Maple Leaf Angels network. The Fund will also allow accredited investors that are members of Maple Leaf Angels Corporation to participate in a portfolio of early stage investment opportunities.
Feedback from entrepreneurs consistently highlights the long lead times associated with the traditional angel investment process as a significant challenge to meeting their financing requirements. Based on this, MLA48 commits to deliver an investment decision to applicant companies within 48 hours of delivering their pitch to the Fund’s investment committee.
“Maple Leaf Angels is excited about increasing the investment opportunities for its members while further building the entrepreneurial ecosystem. We are proud of our affiliation with our network of public and private sector partners that are helping us to bring this initiative to the startup community.” said Gerard Buckley, Chair of the Board, Maple Leaf Angels. “In addition, members of MLA can benefit from the diversification of a portfolio approach to investment through participation in the MLA48 Fund.”
"We are looking forward to helping entrepreneurs by streamlining the early stage investment process and providing structured mentoring to investee companies. Helping startups grow is the cornerstone of MLA's ecosystem presence and the Fund will enhance our activities in this area in a substantial way." added Brandon Corman, Managing Director, Maple Leaf Angels Capital Corporation. “We are fortunate to have the support and involvement of a market leader in technology and innovation, such as Norton Rose Fulbright. They offer a deep understanding of start-up culture and operations, and have a global industry focus on technology and innovation.”
“We are excited to be working with MLA on this new initiative which we believe will foster improved access to capital and global opportunities for Canada’s brightest entrepreneurs.” said Michael Caruso, Partner at Norton Rose Fulbright. “Supporting early-stage companies at the forefront of innovation in Canada is critical, and we are pleased to offer strategic legal support on key topics for high-growth technology startups including investment, M&A, corporate/finance, privacy and access to information, IP strategy and international IP, technology commercialization and business immigration and international mobility.”
MLA48 intends to connect experienced accredited investors with the most promising entrepreneurs in Ontario. Through the contribution of MLA48’s intellectual and financial capital, the Fund will enable these companies to grow and realize their potential. The fund is targeted to close by the end of calendar 2014 with the first investments occurring in early 2015.
MLA48 is a limited partnership designed to foster innovation in Ontario by accelerating funding timelines for Ontario’s brightest entrepreneurs while providing diversification for accredited investors. Established in 2014, MLA48 is led by Maple Leaf Angels Capital Corporation in collaboration with Maple Leaf Angels Corporation.
For more information please visit www.mla48.com and follow us on Twitter at @MLA48LP.
About Maple Leaf Angels
Established in 2007, Maple Leaf Angels is a not-for-profit organization. Funding Ontario’s most promising new companies, Maple Leaf Angels is an experienced group of high net worth private individuals who invest in seed and early stage technology companies. While investments are made individually, MLA members benefit from experience with best practices in early stage investing and from the collective knowledge and networks of the group.
For more information please visit https://www.mapleleafangels.com/ or follow us on Twitter at @mapleleafangels
About Norton Rose Fulbright
Norton Rose Fulbright is a global legal practice. We provide the world’s pre-eminent corporations and financial institutions with a full business law service. We have more than 3800 lawyers based in over 50 cities across Europe, the United States, Canada, Latin America, Asia, Australia, Africa, the Middle East and Central Asia.
Recognized for our industry focus, we are strong across all the key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare.
Wherever we are, we operate in accordance with our global business principles of quality, unity and integrity. We aim to provide the highest possible standard of legal service in each of our offices and to maintain that level of quality at every point of contact.
Norton Rose Fulbright LLP, Norton Rose Fulbright Australia, Norton Rose Fulbright Canada LLP, Norton Rose Fulbright South Africa (incorporated as Deneys Reitz Inc) and Fulbright & Jaworski LLP, each of which is a separate legal entity, are members (‘the Norton Rose Fulbright members’) of Norton Rose Fulbright Verein, a Swiss Verein. Norton Rose Fulbright Verein helps coordinate the activities of the Norton Rose Fulbright members but does not itself provide legal services to clients.
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