New Fund to be Larger in Size and Scope
Toronto, ON (Oct 5, 2016) - Maple Leaf Angels (MLA) and Maple Leaf Angels Capital Corporation (MLACC) are pleased to announce the launch of their second Angel Investment Fund, MLA48 Fund II.
The new partnership will be restricted to 48 limited partners and will build on the success of Fund I with expanded size and scope.
“MLA48 Fund I was a phenomenal first step in changing the way investors and entrepreneurs think about raising money in Canada,” said Gerard Buckley, Chair of the Board, Maple Leaf Angels Capital Corporation. “With this next fund, we will have an even greater impact on the Canadian startup community.”
MLA48 launched in 2014 as a new and innovative way for promising young companies in the information, communication and entertainment sector in southern Ontario to obtain early stage financing. Since launch, MLA48 has invested in Orchard, Sharethebus, ConferenceCloud, and Oneset. In addition to the $60,000 seed investment from MLA48, three investee companies secured follow-on funding from MLA members.
“We are excited to launch MLA48 Fund II and continue the momentum we have built in the Angel Investing community,” added Brandon Corman, Managing Director of MLA. “We couldn’t have done this without the help of our exceptional legal partner, Aird & Berlis, and the support of all our sponsors.”
“We are very pleased to continue our partnership with Maple Leaf Angels,” said Mat Goldstein, one of the leaders of Aird & Berlis LLP’s Startups Team. “As a strong supporter of startups, we look forward to continuing to provide our legal knowledge and expertise to both founders and funders across Canada.”
Maple Leaf Angels is sponsored by Aird & Berlis, BMO Bank of Montreal, BDO Canada, BrightLane, Jones Deslauriers Blevins and ADP.
Established in 2014, 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. The limited partners are MLA members who invest collectively and the general partner is Maple Leaf Angels Capital Corporation, a subsidiary of Maple Leaf Angels Corporation.
For more information please visit mapleleafangels.com/mla48fund and follow us on Twitter at @MLA48LP.
About Maple Leaf Angels
Established in 2007, Maple Leaf Angels (MLA) is a not-for-profit membership organization. Our mandate is to connect accredited investors with the brightest, most passionate entrepreneurs in a streamlined process within the larger entrepreneurial eco-system.
For more information please visit mapleleafangels.com and follow us on Twitter at @mapleleafangels.
About Aird & Berlis
Aird & Berlis LLP is a leading Canadian law firm based in Toronto, serving clients across Canada and globally. The firm’s practice encompasses all principal areas of business law, including corporate/commercial, corporate finance, banking, insolvency and restructuring, energy, environmental, infrastructure/P3, technology and intellectual property, litigation, labour and employment, municipal and land use planning, real estate and tax. The firm’s diverse client base ranges from entrepreneurs to multinational corporations.
For More Information
To learn more please contact:
Managing Director, Maple Leaf Angels
Associate, Aird & Berlis LLP